III Apparel Group, LTD. (GIII) Stock Price Up 10% After Strong Earnings

III Apparel Group, LTD. (GIII) Stock Price Up 10% After Strong Earnings”

G-III Apparel Group, LTD. had a return on equity of 5.57% and a net margin of 1.58%. The company presently has a consensus rating of Buy and an average target price of $31.27. On average, equities analysts expect that G-III Apparel Group, LTD. will post $1.27 EPS for the current fiscal year. The firm has "Market Perform" rating given on Tuesday, July 26 by Cowen & Co. Buckingham Research increased their target price on G-III Apparel Group, LTD. from $28.00 to $30.00 and gave the stock a buy rating in a research report on Thursday, August 31st. The rating was upgraded by Stifel Nicolaus on Tuesday, November 8 to "Hold". KeyCorp reissued a buy rating and issued a $41.00 target price on shares of G-III Apparel Group, a research note on Thursday, August 24th. Telsey Advisory Group has "Market Perform" rating and $37 target. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock.

Now the shares of G-III Apparel Group, Ltd. (GIII) has the trading volume of 3.88 Million shares with the average trading volume of 659780 shares.

The shares performance of GIII was 11.85% for the last one month and 12.31% in the previous week, whereas year to date performance was calculated 2.47%. While the company's share hit the 52 week high on 11/14/16 stationing the value of $33.24. The stock rose 0.18% or $0.09 reaching $49.94 per share.

About 291,414 shares traded. Alere Inc (NYSE:ALR) has risen 17.58% since September 7, 2016 and is uptrending.

Since April 3, 2017, it had 2 insider buys, and 1 sale for $853,875 activity. (NASDAQ:GIII) opened at 30.29 on Thursday. Penn Mngmt Incorporated has invested 0.79% of its portfolio in G-III Apparel Group, Ltd. (NASDAQ:GIII).

About 158,640 shares traded. Dynamic Technology Lab Private Ltd purchased a new position in G-III Apparel Group, the 2nd quarter worth approximately $400,000. It has underperformed by 64.69% the S&P500.

G-III Apparel Group, Ltd. designs, manufactures and markets a range of apparel products.

The P/E ratio is now 37.19 and the market cap is 1.48B. The Firm operates through two divisions: wholesale activities and retail operations.

Another critical number in evaluating a stock is P/E or Price to Earnings ratio. Its down 0.17, from 1.28 in 2016Q3. Bank of New York Mellon Corp grew its holdings in G-III Apparel Group, 74.7% during the 2nd quarter. 28 funds opened positions while 65 raised stakes. G-III Apparel Group, Ltd. (NASDAQ:GIII) has declined 47.99% since September 7, 2016 and is downtrending. G-III Apparel Group, LTD. Eulav Asset reported 52,200 shares or 0.08% of all its holdings. Fifth Third Bancshares invested 0% of its portfolio in G-III Apparel Group, Ltd. (NASDAQ:GIII). 197,025 are owned by Goldman Sachs. Texas Permanent School Fund grew its position in shares of G-III Apparel Group, 0.9% during the 2nd quarter. First Mercantile Tru Com holds 0.05% of its portfolio in G-III Apparel Group, Ltd. (NASDAQ:GIII) for 10,849 shares.

Telsey Advisory Group upgraded shares of G-III Apparel Group, LTD. (NASDAQ:GIII) from a market perform rating to an outperform rating in a research report report published on Wednesday morning. 34 are owned by Finemark National Bank & Trust &. California Public Employees Retirement System reported 0% stake. Scout Investments reported 57,700 shares. The correct version of this article can be accessed at Citigroup invested in 0% or 2,848 shares.

Investors sentiment decreased to 1.11 in Q4 2016. It is positive, as 30 investors sold ALR shares while 71 reduced holdings. Susquehanna Intll Gru Ltd Liability Partnership accumulated 98,545 shares.

Cortina Asset Management Ltd Company holds 0.94% or 763,107 shares in its portfolio. Blackrock Institutional Na invested in 2.27 million shares or 0.01% of the stock. If the market is performing well and the stock is over-valued, GIII might be a good investment at this point but if the market is dropping down, you might not consider buying the stock. Nelson Peltz laid out plans to modernize Procter & Gamble reorganizing its business units, investing in smaller, high-growth brands and prioritizing digital strategy, as the activist investor seeks to convince shareholders he should get a spot on the consumer giant's board.

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