Profit Investment Management Lowers stake in G-III Apparel Group Ltd. (GIII)

G-III Apparel Group Ltd. (GIII) : Profit Investment Management reduced its stake in G-III Apparel Group Ltd. by 49.35% during the most recent quarter end. The investment management company now holds a total of 56,873 shares of G-III Apparel Group Ltd. which is valued at $2,852,750 after selling 55,414 shares in G-III Apparel Group Ltd. , the firm said in a disclosure report filed with the SEC on Jul 22, 2016.G-III Apparel Group Ltd. makes up approximately 2.18% of Profit Investment Management’s portfolio.

Other Hedge Funds, Including , New York State Teachers Retirement System reduced its stake in GIII by selling 10,200 shares or 19.6% in the most recent quarter. The Hedge Fund company now holds 41,841 shares of GIII which is valued at $2,098,745. G-III Apparel Group Ltd. makes up approx 0.01% of New York State Teachers Retirement System’s portfolio.1st Global Advisors reduced its stake in GIII by selling 111 shares or 2.23% in the most recent quarter. The Hedge Fund company now holds 4,865 shares of GIII which is valued at $244,028. G-III Apparel Group Ltd. makes up approx 0.03% of 1st Global Advisors’s portfolio.Nn Investment Partners Holdings N.v. boosted its stake in GIII in the latest quarter, The investment management firm added 3,375 additional shares and now holds a total of 16,915 shares of G-III Apparel Group Ltd. which is valued at $850,825. G-III Apparel Group Ltd. makes up approx 0.01% of Nn Investment Partners Holdings N.v.’s portfolio.Creative Planning boosted its stake in GIII in the latest quarter, The investment management firm added 11 additional shares and now holds a total of 13 shares of G-III Apparel Group Ltd. which is valued at $654.Mazama Capital Management Inc boosted its stake in GIII in the latest quarter, The investment management firm added 76 additional shares and now holds a total of 6,847 shares of G-III Apparel Group Ltd. which is valued at $326,602. G-III Apparel Group Ltd. makes up approx 0.06% of Mazama Capital Management Inc’s portfolio.

G-III Apparel Group Ltd. opened for trading at $39.85 and hit $40.36 on the upside on Friday, eventually ending the session at $40.03, with a gain of 0.40% or 0.16 points. The heightened volatility saw the trading volume jump to 7,46,786 shares. Company has a market cap of $1,824 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 Downgraded by Telsey Advisory Group on Jul 26, 2016 to ” Market Perform” and Lowered the Price Target to $ 45 from a previous price target of $54 .G-III Apparel Group Ltd. was Downgraded by Piper Jaffray to ” Neutral” on Jul 26, 2016.

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.

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.