G-III Apparel Group LTD. (GIII) Shares are Up 3.63%

G-III Apparel Group LTD. (GIII) has been under a strong bear grip, hence the stock is down -17% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 3.57% in the past 1 week. The stock has risen by 3.63% in the past week indicating that the buyers are active at lower levels, but the stock is down -16.14% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 1.55% and the 50-Day Moving Average is 3.15%. G-III Apparel Group LTD. (NASDAQ:GIII): stock turned positive on Friday. Though the stock opened at $42.22, the bulls momentum made the stock top out at $42.9 level for the day. The stock recorded a low of $42.0305 and closed the trading day at $42.86, in the green by 0.87%. The total traded volume for the day was 609,431. The stock had closed at $42.49 in the previous days trading.


The company Insiders own 9.6% of G-III Apparel Group LTD. shares according to the proxy statements. Institutional Investors own 99.88% of G-III Apparel Group LTD. shares. Also, In a research note released to the investors, Cowen & Company downgrades its rating on G-III Apparel Group LTD. (NASDAQ:GIII).The analysts at the brokerage house have a current rating of Market Perform on the shares. Earlier, the shares were rated a Outperform by the brokerage firm. The rating by the firm was issued on July 26, 2016.

G-III Apparel Group, Ltd. designs, manufactures, and markets a range of apparel products. The Companys apparel products include outerwear, dresses, sportswear, swimwear, womens suits and womens performance wear, as well as footwear, luggage and womens 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.

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