G (GIII) Holder Hawk Ridge Management LLC Has Lowered Position as Share Value Declined

January 21, 2018 - By Adrian Mccoy

Investors sentiment decreased to 1.08 in Q3 2017. Its down 0.03, from 1.11 in 2017Q2. It worsened, as 20 investors sold GIII shares while 52 reduced holdings. 34 funds opened positions while 44 raised stakes. 45.12 million shares or 3.98% less from 46.99 million shares in 2017Q2 were reported. First Tru Advisors Lp invested in 50,176 shares. Comerica Commercial Bank reported 76,964 shares. Legal & General Group Inc Public Limited Company holds 78,871 shares or 0% of its portfolio. Cipher Capital LP owns 11,297 shares. Pub Sector Pension Board reported 26,078 shares or 0% of all its holdings. Moreover, Pinebridge Invs LP has 0.04% invested in G-III Apparel Group, Ltd. (NASDAQ:GIII) for 57,129 shares. Macquarie, a Australia-based fund reported 126,062 shares. Gotham Asset Mngmt Lc has invested 0% in G-III Apparel Group, Ltd. (NASDAQ:GIII). Voya Invest Management Ltd Liability Company, a Georgia-based fund reported 20,057 shares. Moreover, Price T Rowe Md has 0% invested in G-III Apparel Group, Ltd. (NASDAQ:GIII) for 17,619 shares. 79,445 were accumulated by Jpmorgan Chase. Tiaa Cref Inv Mngmt Ltd Com has 0% invested in G-III Apparel Group, Ltd. (NASDAQ:GIII). Quantitative Invest Management Limited Liability Com has invested 0.02% of its portfolio in G-III Apparel Group, Ltd. (NASDAQ:GIII). Thrivent For Lutherans holds 0.03% or 310,370 shares. Jennison Assocs Limited Liability Company accumulated 13,726 shares or 0% of the stock.

Since September 18, 2017, it had 0 insider buys, and 3 sales for $5.06 million activity. MILLER WAYNE S sold $1.48 million worth of stock or 50,000 shares. FELLER ALAN sold $146,550 worth of stock or 5,000 shares.

Hawk Ridge Management Llc decreased its stake in G (GIII) by 32.66% based on its latest 2017Q3 regulatory filing with the SEC. Hawk Ridge Management Llc sold 162,300 shares as the company’s stock declined 27.76% while stock markets rallied. The institutional investor held 334,700 shares of the consumer non-durables company at the end of 2017Q3, valued at $9.71 million, down from 497,000 at the end of the previous reported quarter. Hawk Ridge Management Llc who had been investing in G for a number of months, seems to be less bullish one the $1.96B market cap company. The stock increased 2.60% or $1.01 during the last trading session, reaching $39.89. About 830,807 shares traded or 11.56% up from the average. G-III Apparel Group, Ltd. (NASDAQ:GIII) has declined 47.99% since January 21, 2017 and is downtrending. It has underperformed by 64.69% the S&P500.

Analysts await G-III Apparel Group, Ltd. (NASDAQ:GIII) to report earnings on March, 26. They expect $0.15 earnings per share, up 193.75 % or $0.31 from last year’s $-0.16 per share. GIII’s profit will be $7.36 million for 66.48 P/E if the $0.15 EPS becomes a reality. After $1.67 actual earnings per share reported by G-III Apparel Group, Ltd. for the previous quarter, Wall Street now forecasts -91.02 % negative EPS growth.

More notable recent G-III Apparel Group, Ltd. (NASDAQ:GIII) news were published by: Fool.com which released: “Why G-III Apparel Group Ltd. Stock Soared Today” on June 06, 2017, also Fool.com with their article: “Why G-III Apparel Group Ltd. Lost 33% Last Year” published on January 18, 2017, Businesswire.com published: “G-III Apparel Group, Ltd. Announces First Quarter Fiscal 2018 Results” on June 06, 2017. More interesting news about G-III Apparel Group, Ltd. (NASDAQ:GIII) were released by: Fool.com and their article: “Why G-III Apparel Group Ltd. Shares Jumped as Much as 13% Today” published on September 06, 2017 as well as Businesswire.com‘s news article titled: “G-III Apparel Group, Ltd. Announces Joint Venture for DKNY and Donna Karan in …” with publication date: August 23, 2017.

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

Among 14 analysts covering G-III Apparel Group (NASDAQ:GIII), 8 have Buy rating, 1 Sell and 5 Hold. Therefore 57% are positive. G-III Apparel Group had 57 analyst reports since August 4, 2015 according to SRatingsIntel. As per Thursday, September 29, the company rating was initiated by CLSA. The stock of G-III Apparel Group, Ltd. (NASDAQ:GIII) has “Outperform” rating given on Friday, January 6 by Telsey Advisory Group. The stock of G-III Apparel Group, Ltd. (NASDAQ:GIII) has “Hold” rating given on Thursday, November 30 by Cowen & Co. B. Riley & Co maintained it with “Neutral” rating and $36 target in Friday, December 22 report. The company was maintained on Wednesday, September 6 by Cowen & Co. On Wednesday, September 6 the stock rating was maintained by Piper Jaffray with “Buy”. On Wednesday, October 11 the stock rating was maintained by Cowen & Co with “Hold”. The company was upgraded on Wednesday, August 23 by PiperJaffray. The stock of G-III Apparel Group, Ltd. (NASDAQ:GIII) has “Hold” rating given on Tuesday, August 15 by Standpoint Research. Brean Capital initiated the shares of GIII in report on Monday, July 17 with “Buy” rating.

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