G-III Apparel Group Ltd. (GIII) is Downgraded by Telsey Advisory Group to Market Perform, Lowers Price Target to $ 45

G-III Apparel Group Ltd. (GIII) was Downgraded by Telsey Advisory Group to ” Market Perform” while Lowering the Price Target of the company shares to $ 45 from a previous price target of $54 . Earlier the firm had a rating of “Outperform ” on the company shares. Telsey Advisory Group advised their investors in a research report released on Jul 26, 2016.

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.

G-III Apparel Group Ltd. opened for trading at $50.17 and hit $51.38 on the upside on Wednesday, eventually ending the session at $51.28, with a gain of 2.09% or 1.05 points. The heightened volatility saw the trading volume jump to 2,44,752 shares. Company has a market cap of $2,337 M.

In a different news, on Apr 18, 2016, Laura H Pomerantz (director) sold 109 shares at $45.39 per share price. According to the SEC, on Oct 13, 2015, Sammy Aaron (Vice Chairman) sold 27,159 shares at $64.94 per share price. On Oct 8, 2015, Wayne S Miller (Chief Operating Officer) sold 35,000 shares at $64.76 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

G-III Apparel Group Ltd.

Leave a Reply

G-III Apparel Group Ltd. - Is it time to Sell?

Top Brokerage Firms are advising their investors on G-III Apparel Group Ltd.. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.