Buckingham Capital Management Inc buys $32,728,925 stake in G-III Apparel Group Ltd. (GIII)

G-III Apparel Group Ltd. (GIII) : Buckingham Capital Management Inc scooped up 157,379 additional shares in G-III Apparel Group Ltd. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 763,624 shares of G-III Apparel Group Ltd. which is valued at $32,728,925.G-III Apparel Group Ltd. makes up approximately 1.77% of Buckingham Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Blackrock Fund Advisors boosted its stake in GIII in the latest quarter, The investment management firm added 134,844 additional shares and now holds a total of 2,643,225 shares of G-III Apparel Group Ltd. which is valued at $113,288,624. G-III Apparel Group Ltd. makes up approx 0.02% of Blackrock Fund Advisors’s portfolio.Sit Investment Associates Inc reduced its stake in GIII by selling 25,750 shares or 40.26% in the most recent quarter. The Hedge Fund company now holds 38,216 shares of GIII which is valued at $1,529,786. G-III Apparel Group Ltd. makes up approx 0.04% of Sit Investment Associates Inc’s portfolio.Quadrant Capital Group reduced its stake in GIII by selling 35 shares or 21.21% in the most recent quarter. The Hedge Fund company now holds 130 shares of GIII which is valued at $5,204. Arcadia Investment Management Corpmi added GIII to its portfolio by purchasing 356 company shares during the most recent quarter which is valued at $18,263. G-III Apparel Group Ltd. makes up approx 0.01% of Arcadia Investment Management Corpmi’s portfolio.Mai Capital Management reduced its stake in GIII by selling 425 shares or 2.7% in the most recent quarter. The Hedge Fund company now holds 15,340 shares of GIII which is valued at $786,942. G-III Apparel Group Ltd. makes up approx 0.06% of Mai Capital Management’s portfolio.

G-III Apparel Group Ltd. opened for trading at $42.66 and hit $43.44 on the upside on Friday, eventually ending the session at $43.21, with a gain of 0.91% or 0.39 points. The heightened volatility saw the trading volume jump to 3,26,598 shares. Company has a market cap of $1,969 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.

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