Institutional Investors Lead Shift in G III Apparel Group LTD (NASDAQ:GIII) Sentiment

July 18, 2017 - By Hazel Jackson

 Institutional Investors Lead Shift in G III Apparel Group LTD (NASDAQ:GIII) Sentiment

Sentiment for G III Apparel Group LTD (NASDAQ:GIII)

G III Apparel Group LTD (NASDAQ:GIII) institutional sentiment increased to 1.22 in 2016 Q4. Its up 0.14, from 1.08 in 2016Q3. The ratio is better, as 93 active investment managers started new or increased holdings, while 76 cut down and sold stock positions in G III Apparel Group LTD. The active investment managers in our partner’s database now have: 49.73 million shares, up from 45.59 million shares in 2016Q3. Also, the number of active investment managers holding G III Apparel Group LTD in their top 10 holdings decreased from 2 to 0 for a decrease of 2. Sold All: 25 Reduced: 51 Increased: 65 New Position: 28.

G-III Apparel Group, Ltd. designs, manufactures and markets a range of apparel products. The company has market cap of $1.17 billion. The Firm operates through two divisions: wholesale activities and retail operations. It has a 28.11 P/E ratio. The Company’s 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.

The stock increased 2.28% or $0.53 during the last trading session, reaching $23.74. About shares traded. G-III Apparel Group, Ltd. (NASDAQ:GIII) has declined 47.99% since July 18, 2016 and is downtrending. It has underperformed by 64.69% the S&P500.

Bronson Point Management Llc holds 2.44% of its portfolio in G-III Apparel Group, Ltd. for 245,000 shares. Ws Management Lllp owns 1.79 million shares or 2.15% of their US portfolio. Moreover, Buckingham Capital Management Inc has 2.12% invested in the company for 541,505 shares. The Maryland-based Profit Investment Management Llc has invested 1.78% in the stock. Hodges Capital Management Inc., a Texas-based fund reported 1.27 million shares.#img1#

Since January 1, 0001, it had 2 insider buys, and 1 sale for $853,875 activity.

G-III Apparel Group, Ltd. (NASDAQ:GIII) Ratings Coverage

Ratings analysis reveals 70% of G-III Apparel Group’s analysts are positive. Out of 10 Wall Street analysts rating G-III Apparel Group, 7 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $1900 while the high is $86. The stock’s average target of $37.20 is 56.70% above today’s ($23.74) share price. GIII was included in 34 notes of analysts from August 4, 2015. Telsey Advisory Group maintained G-III Apparel Group, Ltd. (NASDAQ:GIII) rating on Friday, December 2. Telsey Advisory Group has “Market Perform” rating and $25 target. The company was initiated on Thursday, September 29 by CLSA. Stifel Nicolaus downgraded the stock to “Sell” rating in Wednesday, August 31 report. The company was reinitiated on Monday, July 17 by Buckingham Research. The rating was maintained by Barclays Capital with “Overweight” on Thursday, September 3. The firm earned “Outperform” rating on Friday, January 6 by Telsey Advisory Group. The firm earned “Outperform” rating on Wednesday, September 2 by Cowen & Co. Telsey Advisory Group maintained G-III Apparel Group, Ltd. (NASDAQ:GIII) on Thursday, September 3 with “Outperform” rating. Stifel Nicolaus maintained it with “Hold” rating and $25 target in Friday, January 6 report. The stock has “Buy” rating by Zacks on Tuesday, August 25.

More important recent G-III Apparel Group, Ltd. (NASDAQ:GIII) news were published by: Zacks.com which released: “Why You Shouldn’t Bet Against G-III Apparel Group (GIII) Stock June 22, 2017” on June 22, 2017, also Fool.com published article titled: “Why G-III Apparel Group Ltd. Stock Soared Today”, Nasdaq.com published: “Can G-III Apparel (GIII) Run Higher on Strong Earnings Estimate Revisions?” on June 19, 2017. More interesting news about G-III Apparel Group, Ltd. (NASDAQ:GIII) was released by: Prnewswire.com and their article: “Textile Stocks on Investors’ Radar — Under Armour, VF Corp., G-III Apparel …” with publication date: July 10, 2017.

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