G-III Apparel Group (GIII) Stock Price Down 7.6%
G-III Apparel Group, Ltd. (NASDAQ:GIII)’s share price fell 7.6% during trading on Thursday . The company traded as low as $33.74 and last traded at $33.75. 575,814 shares changed hands during trading, a decline of 11% from the average session volume of 647,156 shares. The stock had previously closed at $36.52.
A number of research firms have recently commented on GIII. B. Riley reaffirmed a “buy” rating on shares of G-III Apparel Group in a report on Wednesday, November 1st. BidaskClub downgraded shares of G-III Apparel Group from a “buy” rating to a “hold” rating in a report on Thursday, January 25th. Barclays raised their price objective on shares of G-III Apparel Group from $29.00 to $33.00 and gave the stock an “underweight” rating in a report on Thursday, January 25th. Piper Jaffray Companies reaffirmed a “buy” rating on shares of G-III Apparel Group in a report on Thursday, February 1st. Finally, Cowen set a $30.00 price objective on shares of G-III Apparel Group and gave the stock a “hold” rating in a report on Thursday, October 12th. One research analyst has rated the stock with a sell rating, six have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $35.45.
The stock has a market cap of $1,792.44, a price-to-earnings ratio of 30.95, a PEG ratio of 1.21 and a beta of 0.24. The company has a current ratio of 3.52, a quick ratio of 1.91 and a debt-to-equity ratio of 0.66.
In related news, Vice Chairman Sammy Aaron sold 51,000 shares of G-III Apparel Group stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $33.62, for a total transaction of $1,714,620.00. Following the completion of the transaction, the insider now directly owns 556,152 shares of the company’s stock, valued at approximately $18,697,830.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Bokhorst Willem Van sold 7,518 shares of the business’s stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $37.51, for a total transaction of $282,000.18. Following the completion of the transaction, the director now directly owns 48,667 shares of the company’s stock, valued at $1,825,499.17. The disclosure for this sale can be found here. Company insiders own 9.60% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Flinton Capital Management LLC raised its stake in shares of G-III Apparel Group by 87.0% in the second quarter. Flinton Capital Management LLC now owns 4,032 shares of the textile maker’s stock worth $101,000 after acquiring an additional 1,876 shares during the last quarter. Zions Bancorporation bought a new position in shares of G-III Apparel Group in the third quarter worth about $151,000. Invictus RG bought a new position in shares of G-III Apparel Group in the third quarter worth about $185,000. CIBC Asset Management Inc bought a new position in shares of G-III Apparel Group in the fourth quarter worth about $210,000. Finally, Turner Investments LLC bought a new position in shares of G-III Apparel Group in the third quarter worth about $218,000.
WARNING: This news story was published by Daily Political and is the sole property of of Daily Political. If you are reading this news story on another site, it was stolen and republished in violation of US and international trademark and copyright law. The legal version of this news story can be viewed at https://www.dailypolitical.com/2018/02/09/g-iii-apparel-group-giii-stock-price-down-7-6.html.
About G-III Apparel Group
G-III Apparel Group, Ltd. designs, manufactures and markets a range of apparel products. The Company operates through two segments: wholesale operations and retail operations. Its apparel products include outerwear, dresses, sportswear, swimwear, women’s suits and women’s performance wear, as well as women’s handbags, footwear, small leather goods, cold weather accessories and luggage.
Receive News & Ratings for G-III Apparel Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for G-III Apparel Group and related companies with MarketBeat.com's FREE daily email newsletter.