G-III Apparel Group Ltd. (GIII) : Bronson Point Management added new position in G-III Apparel Group Ltd. during the most recent quarter end. The investment management firm now holds 176,500 shares of G-III Apparel Group Ltd. which is valued at $7,564,790 , the company said in a statement filed on Aug 15, 2016 with the SEC.G-III Apparel Group Ltd. makes up approximately 2.36% of Bronson Point Management’s portfolio.
Other Hedge Funds, Including , Wellington Management Group Llp reduced its stake in GIII by selling 38,125 shares or 2.56% in the most recent quarter. The Hedge Fund company now holds 1,450,347 shares of GIII which is valued at $62,161,872. G-III Apparel Group Ltd. makes up approx 0.02% of Wellington Management Group Llp’s portfolio. Cupps Capital Management sold out all of its stake in GIII during the most recent quarter. The investment firm sold 81,695 shares of GIII which is valued $3,501,448. Engineers Gate Manager Lp sold out all of its stake in GIII during the most recent quarter. The investment firm sold 4,900 shares of GIII which is valued $210,014.Keybank National Associationoh reduced its stake in GIII by selling 565 shares or 7.47% in the most recent quarter. The Hedge Fund company now holds 6,996 shares of GIII which is valued at $299,849.Advisors Asset Management boosted its stake in GIII in the latest quarter, The investment management firm added 125 additional shares and now holds a total of 663 shares of G-III Apparel Group Ltd. which is valued at $28,171.
G-III Apparel Group Ltd. opened for trading at $31.55 and hit $33.63 on the upside on Thursday, eventually ending the session at $32.74, with a gain of 3.71% or 1.17 points. The heightened volatility saw the trading volume jump to 20,10,238 shares. Company has a market cap of $1,492 M.
On the company’s financial health, G-III Apparel Group Ltd. reported $0.01 EPS for the quarter, missing the analyst consensus estimate by $ -0.17 based on the information available during the earnings call on Aug 30, 2016. Analyst had a consensus of $0.18. The company had revenue of $442.30 million for the quarter, compared to analysts expectations of $484.85 million. The company’s revenue was down -6.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.27 EPS.
Many Wall Street Analysts have commented on G-III Apparel Group Ltd.. Stifel Downgraded G-III Apparel Group Ltd. on Aug 31, 2016 to ” Sell”, Price Target of the shares are set at $28.Shares were Reiterated by Telsey Advisory Group on Aug 31, 2016 to “Market Perform” and Lowered the Price Target to $ 37 from a previous price target of $45 .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. 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.