G-III Apparel (GIII) is Upgraded by Telsey Advisory Group to Outperform according to the research report released to the investors. The brokerage firm has set the Price Target of the shares at $64. Earlier the firm had a rating of Market Perform on the company shares. The shares recommendation by the Brokerage Firm was released on Jan-5-2016.
G-III Apparel Group, Ltd. has dropped 28.49% during the last 3-month period . Year-to-Date the stock performance stands at -12.37%.
G-III Apparel Group, LTD. (NASDAQ:GIII) has lost 2.64% during the past week and dropped 15.15% in the last 4 weeks. The shares are however, negative as compared to the S&P 500 for the past week with a loss of 1.83%. G-III Apparel Group, LTD. (NASDAQ:GIII) has underperformed the index by 13.16% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Shares of G-III Apparel Group, LTD. (NASDAQ:GIII) ended Thursday session in red amid volatile trading. The shares closed down 0.89 points or 1.97% at $44.26 with 479,464 shares getting traded. Post opening the session at $45.07, the shares hit an intraday low of $44.25 and an intraday high of $45.438 and the price vacillated in this range throughout the day. The company has a market cap of $2,015 million and the number of outstanding shares have been calculated to be 45,537,167 shares. The 52-week high of G-III Apparel Group, LTD. (NASDAQ:GIII) is $73.93 and the 52-week low is $40.4144.
Currently the company Insiders own 11.5% of G-III Apparel Group, LTD. shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -5.23% . Institutional Investors own 94.37% of G-III Apparel Group, LTD. shares. During last six month period, the net percent change held by insiders has seen a change of -5.52%. On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, Aaron Sammy, director officer (Vice Chairman) of G Iii Apparel Group Ltd /De/, unloaded 27,159 shares at an average price of $64.94 on October 9, 2015. The total amount of the transaction was worth $1,763,705, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
G-III Apparel Group, Ltd. (G-III) designs, manufactures and markets a range of apparel, including outerwear, dresses, sportswear, womens suits and womens performance wear, as well as luggage and womens handbags, small leather goods and cold weather accessories. It operates in three segments: wholesale licensed products, wholesale non-licensed products and retail operations. The wholesale licensed products segment includes sales of products under brands licensed by it from third parties. The wholesale non-licensed products segment includes sales of products under its own brands and private label brands. The retail operations segment consists almost entirely of the operations of its Wilsons outlet stores. The Company sells its products under its own brands, which include Andrew Marc, Marc New York and Marc Moto, licensed brands and private retail labels. Effective November 4, 2013, G-III Apparel Group Ltd acquired GH Bass & Co.