Cowen & Company Downgrades G-III Apparel Group Ltd. to Market Perform

Brokerage firm Cowen & Company Downgrades its rating on G-III Apparel Group Ltd.(NASDAQ:GIII). The shares have been rated Market Perform. Previously, the analysts had a Outperform rating on the shares. The rating by Cowen & Company was issued on Jul 26, 2016.

In a different note, On Jun 21, 2016, Brean Capital said it Assumes its rating on G-III Apparel Group Ltd.. The shares have been rated ‘Buy’ by the firm.

G-III Apparel Group Ltd. (GIII) made into the market gainers list on Fridays trading session with the shares advancing 0.40% or 0.16 points. Due to strong positive momentum, the stock ended at $40.03, which is also near the day’s high of $40.36. The stock began the session at $39.85 and the volume stood at 7,46,786 shares. The 52-week high of the shares is $73 and the 52 week low is $36.14. The company has a current market capitalization of $1,824 M and it has 4,55,76,997 shares in outstanding.

G-III Apparel Group Ltd.(GIII) last announced its earnings results on Jun 1, 2016 for Fiscal Year 2017 and Q1.Earnings per share were $0.06.

Several Insider Transactions has been reported to the SEC. On Apr 18, 2016, Laura H Pomerantz (director) sold 109 shares at $45.39 per share price.Also, On Oct 13, 2015, Sammy Aaron (Vice Chairman) sold 27,159 shares at $64.94 per share price.On Oct 8, 2015, Wayne S Miller (Chief Operating Officer) sold 35,000 shares at $64.76 per share price, according to the Form-4 filing with the securities and exchange commission.

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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