G-III Apparel Group Ltd. (GIII) : Kalmar Investments Inc De reduced its stake in G-III Apparel Group Ltd. by 24.97% during the most recent quarter end. The investment management company now holds a total of 696,119 shares of G-III Apparel Group Ltd. which is valued at $26.8 Million after selling 231,645 shares in G-III Apparel Group Ltd. , the firm said in a disclosure report filed with the SEC on May 27, 2016.G-III Apparel Group Ltd. makes up approximately 1.07% of Kalmar Investments Inc De’s portfolio.
Other Hedge Funds, Including , Two Sigma Advisers Lp sold out all of its stake in GIII during the most recent quarter. The investment firm sold 6,132 shares of GIII which is valued $229,337. Northwestern Mutual Wealth Management Co added GIII to its portfolio by purchasing 80 company shares during the most recent quarter which is valued at $2,992.Walleye Trading reduced its stake in GIII by selling 401 shares or 36.65% in the most recent quarter. The Hedge Fund company now holds 693 shares of GIII which is valued at $25,918.Zurcher Kantonalbank (zurich Cantonalbank) boosted its stake in GIII in the latest quarter, The investment management firm added 462 additional shares and now holds a total of 1,353 shares of G-III Apparel Group Ltd. which is valued at $50,683. Herndon Capital Management sold out all of its stake in GIII during the most recent quarter. The investment firm sold 26 shares of GIII which is valued $974.
G-III Apparel Group Ltd. opened for trading at $42 and hit $43.235 on the upside on Tuesday, eventually ending the session at $42.91, with a gain of 1.32% or 0.56 points. The heightened volatility saw the trading volume jump to 4,41,236 shares. Company has a market cap of $1,956 M.
On the company’s financial health, G-III Apparel Group Ltd. reported $0.06 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jun 1, 2016. Analyst had a consensus of $0.03. The company had revenue of $457.40 million for the quarter, compared to analysts expectations of $473.22 million. The company’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 EPS.
Many Wall Street Analysts have commented on G-III Apparel Group Ltd.. Shares were Reiterated by Telsey Advisory Group on Mar 23, 2016 to “Outperform” and Lowered the Price Target to $ 54 from a previous price target of $64 .Shares were Reiterated by Wunderlich on Mar 23, 2016 to “Buy” and Lowered the Price Target to $ 52 from a previous price target of $62 .
G-III Apparel Group Ltd. designs manufactures and markets a range of apparel products. The Company’s apparel products include outerwear dresses sportswear swimwear women’s suits and women’s performance wear as well as footwear luggage and women’s handbags small leather goods and cold weather accessories. The Company operates through three segments Licensed Products Non-Licensed Products and Retail Operations. The Licensed products segment includes sales of products under brands licensed by the Company from third parties. The Non-licensed products segment includes sales of products under its own brands and under private label brands. The retail operations segment consists primarily of its Wilsons Leather and G.H. Bass stores as well as Calvin Klein Performance stores.