A Reversal for G-III Apparel Group, Ltd. Is Not Near. The Stock Rises Again

The stock of G-III Apparel Group, Ltd. (NASDAQ:GIII) is a huge mover today! The stock increased 3.49% or $1.53 on March 24, hitting $45.36. About 1.36M shares traded hands or 100.18% up from the average. G-III Apparel Group, Ltd. (NASDAQ:GIII) has declined 34.72% since August 19, 2015 and is downtrending. It has underperformed by 32.62% the S&P500. The move comes after 7 months positive chart setup for the $2.10 billion company. It was reported on Mar, 25 by Barchart.com. We have $71.22 PT which if reached, will make NASDAQ:GIII worth $1.20B more.

Out of 8 analysts covering G-III Apparel Group (NASDAQ:GIII), 9 rate it “Buy”, 0 “Sell”, while 1 “Hold”. This means 90% are positive. G-III Apparel Group was the topic in 14 analyst reports since August 4, 2015 according to StockzIntelligence Inc.

According to Zacks Investment Research, “G-III Apparel Group, Ltd. designs, manufactures, imports & markets an extensive range of leather & non-leather apparel including coats, jackets, pants, skirts & other sportswear items.”

The institutional sentiment increased to 1.41 in 2015 Q3. Its up 0.28, from 1.13 in 2015Q2. The ratio is positive, as 22 funds sold all G-III Apparel Group, Ltd. shares owned while 75 reduced positions. 41 funds bought stakes while 96 increased positions. They now own 51.29 million shares or 39.47% less from 84.74 million shares in 2015Q2.

Buckingham Capital Management Inc holds 3.62% of its portfolio in G-III Apparel Group, Ltd. for 648,451 shares. Ranger Investment Management L.P. owns 1.04 million shares or 3.6% of their US portfolio. Moreover, Oberweis Asset Management Inc has 2.56% invested in the company for 142,648 shares. The Minnesota-based Next Century Growth Investors Llc has invested 2.34% in the stock. Profit Investment Management Llc, a Maryland-based fund reported 234,976 shares.

Since March 30, 2015, the stock had 0 buys, and 7 selling transactions for $16.69 million net activity. Aaron Sammy sold 27,159 shares worth $1.76M. Goldfarb Morris sold 137,631 shares worth $8.91 million. Miller Wayne S sold 35,000 shares worth $2.27M. Nostra Katz Jeanette sold 935 shares worth $59,886. The insider Goldfarb Jeffrey David sold 12,683 shares worth $812,391.

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