III Apparel Group Sees Unusually Large Options Volume (NASDAQ:GIII)

Cornelia Mascio
Aprile 21, 2018

Macquarie Group Ltd. now owns 178,756 shares of the textile maker's stock worth $6,594,000 after buying an additional 52,694 shares in the last quarter. Bank of New York Mellon Corp now owns 3,191,163 shares of the textile maker's stock worth $69,853,000 after buying an additional 696,693 shares in the last quarter. Pinebridge Investments L.P. raised its holdings in shares of G-III Apparel Group by 20.7% in the fourth quarter. Stock investors acquired 2,051 call options on the stock. Victory Capital Management Inc. raised its position in G-III Apparel Group by 22.4% during the fourth quarter. Kennedy Capital Management Inc. now owns 517,453 shares of the textile maker's stock worth $19,089,000 after buying an additional 171,907 shares during the period. Dimensional Fund Advisors LP now owns 1,536,084 shares of the textile maker's stock worth $45,408,000 after buying an additional 122,505 shares in the last quarter.

Brokerages expect G-III Apparel Group (NASDAQ:GIII) to post earnings of ($0.05) per share for the current quarter, Zacks reports. The firm owned 13,660 shares of the textile maker's stock after buying an additional 2,179 shares during the period. Zacks' EPS calculations are an average based on a survey of sell-side research analysts that follow G-III Apparel Group. G-III Apparel Group had a net margin of 2.21% and a return on equity of 7.44%. 465,283 shares of the company's stock were exchanged. The company's 50-day moving average price is $23.35 and its 200 day moving average price is $26.55. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.17 and a current ratio of 2.76. G-III Apparel Group has a 1 year low of $18.00 and a 1 year high of $40.96.

G-III Apparel Group (NASDAQ:GIII) last issued its quarterly earnings data on Thursday, March 22nd. The textile maker reported $0.26 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.16 by $0.10.

G-III Apparel Group, Ltd. designs, manufactures, and markets men's and women's apparel. The business had revenue of $714.90 million during the quarter, compared to the consensus estimate of $707.64 million. EPS is an indicator of company profit because the more earnings a company can generate per share, the more valuable each share is to investors.

EPS in next five years is expected to touch 18.35% while EPS growth in past 5 year was 0.00% along with sales growth of 14.90% in the last five years.

G-III Apparel Group (NASDAQ:GIII) saw some unusual options trading on Thursday.

Commercial Metals Company has noticeable recent volatility credentials; price volatility of stock was 3.07% for a week and 3.65% for a month. Taking a wider observation, the current separation from the one year high is -7.94%, and the distance from the one year low is presently 109.50%.G-III Apparel Group, Ltd. (GIII) stock has been separated 20.88% away from the 200-day MA. Active investor focuses on important indicators those changes daily in trading session that includes where the G-III Apparel Group, Ltd. stock price change moved UP, DOWN or UNCHNAGE? MetLife Investment Advisors LLC purchased a new position in shares of G-III Apparel Group in the fourth quarter worth about $776,000. KeyCorp reissued an "overweight" rating and set a $41.00 price objective on shares of G-III Apparel Group in a report on Friday, April 7th. Finally, Barclays increased their price objective on shares of G-III Apparel Group from $29.00 to $33.00 and gave the company an "underweight" rating in a report on Thursday, January 25th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. G-III Apparel Group now has a consensus rating of "Buy" and an average price target of $36.82. Also, COO Wayne S. Miller sold 28,000 shares of G-III Apparel Group stock in a transaction dated Monday, April 9th. The shares were sold at an average price of $38.56, for a total value of $1,079,680.00.

ATR value of company was 1.54. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Laura H. Pomerantz sold 1,191 shares of the firm's stock in a transaction dated Friday, April 13th. The stock was purchased at an average price of $21.99 per share, with a total value of $150,477.57. Following the completion of the acquisition, the chief executive officer now owns 3,879,740 shares of the company's stock, valued at $85,315,482.60. The disclosure for this sale can be found here. Hedge funds and other institutional investors own 98.19% of the company's stock.

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