New York: G-III Apparel (NASDAQ:GIII) Stock Has Just Had Its Outperform Rating Reiterated by Telsey Advisory Group. Shares now Have a $47 Target

Investors sentiment increased to 2.18 in Q2 2018. Its up 0.94, from 1.24 in 2018Q1. It is positive, as 10 investors sold G-III Apparel Group, Ltd. shares while 47 reduced holdings. 58 funds opened positions while 66 raised stakes. 47.13 million shares or 3.17% more from 45.68 million shares in 2018Q1 were reported.

Invesco holds 1.77 million shares or 0.03% of its portfolio. Envestnet Asset Management accumulated 12,584 shares. Balyasny Asset Ltd invested 0.08% of its portfolio in G-III Apparel Group, Ltd. (NASDAQ:GIII). Vanguard Group reported 0.01% of its portfolio in G-III Apparel Group, Ltd. (NASDAQ:GIII). Driehaus Capital Mgmt Ltd Liability Corporation holds 268,553 shares or 0.4% of its portfolio. Eagle Asset Management holds 184,647 shares. Lpl Fin reported 0% stake. Scopus Asset Management Lp owns 900,000 shares. Natixis stated it has 0.01% in G-III Apparel Group, Ltd. (NASDAQ:GIII). Secor Cap Advisors L P reported 13,356 shares. Ls Investment Advsr Limited Liability Co reported 0% of its portfolio in G-III Apparel Group, Ltd. (NASDAQ:GIII). 11,194 are held by Teachers Retirement Of The State Of Kentucky. Zacks Invest Management holds 0.03% of its portfolio in G-III Apparel Group, Ltd. (NASDAQ:GIII) for 34,361 shares. Swiss Commercial Bank accumulated 72,600 shares. Channing Cap Management Ltd Liability Company invested 2.2% in G-III Apparel Group, Ltd. (NASDAQ:GIII).

Since June 7, 2018, it had 0 buys, and 3 selling transactions for $37.31 million activity. 2,000 shares were sold by VAN BOKHORST WILLEM, worth $94,000 on Monday, June 18. On Friday, June 15 GOLDFARB MORRIS sold $36.43M worth of G-III Apparel Group, Ltd. (NASDAQ:GIII) or 770,000 shares. On Thursday, June 7 FELLER ALAN sold $243,750 worth of G-III Apparel Group, Ltd. (NASDAQ:GIII) or 5,000 shares. 10,412 G-III Apparel Group, Ltd. (NASDAQ:GIII) shares with value of $513,832 were sold by BROSIG THOMAS. Shares for $981,680 were sold by Goldfarb Jeffrey David on Friday, June 8.

G-III Apparel (NASDAQ:GIII) Rating Reaffirmed

The firm has just set a price target of $47 on G-III Apparel (NASDAQ:GIII) shares. This is 34.63 % from the last stock close price. In a research note released on Friday morning, Telsey Advisory Group reaffirmed their Outperform rating on shares of GIII.

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

Among 4 analysts covering G-III Apparel Group (NASDAQ:GIII), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. G-III Apparel Group has $57 highest and $47 lowest target. $50’s average target is 43.23% above currents $34.91 stock price. G-III Apparel Group had 5 analyst reports since June 22, 2018 according to SRatingsIntel. Buckingham Research maintained it with “Buy” rating and $50 target in Wednesday, October 17 report. The rating was maintained by Barclays Capital with “Equal-Weight” on Friday, September 7. The company was upgraded on Thursday, October 18 by FBR Capital. The firm has “Buy” rating by Buckingham Research given on Friday, September 7.

The stock decreased 14.35% or $5.85 during the last trading session, reaching $34.91. About 2.85 million shares traded or 283.16% up from the average. G-III Apparel Group, Ltd. (NASDAQ:GIII) has risen 62.20% since December 7, 2017 and is uptrending. It has outperformed by 46.58% the S&P500.

G-III Apparel Group, Ltd. designs, manufactures, and markets menÂ’s and womenÂ’s apparel. The company has market cap of $1.72 billion. It operates in two divisions, Wholesale Operations and Retail Operations. It has a 17.43 P/E ratio. The companyÂ’s products include outerwear, dresses, sportswear, swimwear, womenÂ’s suits, and womenÂ’s performance wear; and womenÂ’s handbags, footwear, small leather goods, cold weather accessories, and luggage.

More notable recent G-III Apparel Group, Ltd. (NASDAQ:GIII) news were published by: Marketwatch.com which released: “DKNY parent G-III Apparel shares soar 7% premarket after blowout earnings – MarketWatch” on September 06, 2018, also Bizjournals.com with their article: “Alliance of American Football will clad Atlanta players in purple, gold and white – Atlanta Business Chronicle” published on November 28, 2018, Bizjournals.com published: “Arizona Hotshots unveil inaugural uniforms – Phoenix Business Journal” on November 27, 2018. More interesting news about G-III Apparel Group, Ltd. (NASDAQ:GIII) were released by: Nasdaq.com and their article: “Gen III Oil Corp. – Pending Milestones and Milestones Achieved Since September 2017 – Nasdaq” published on November 27, 2018 as well as Nasdaq.com‘s news article titled: “Close Update: Wall Street Bounces Back on Assurances Rates Near Neutral, Recession Fears Overdone – Nasdaq” with publication date: December 06, 2018.

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

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