G-III Apparel Group, LTD. (NASDAQ:GIII).
On August 31, 2016 the stock rating was rated “Sell” according to a Stifel Nicolaus report which was a cut from the previous “” rating. On July 26 the stock rating was downgraded to “Market Perform” from “Outperform” by Telsey Advisory Group.
On July 26 the company was downgraded from “Outperform” to “Market Perform” in a report from Cowen & Company. On July 26 the company was changed to a “Market Perform” by Piper Jaffray a cut from the previous “” rating.
On January 5 the company was upgraded from “Market Perform” to “Outperform” in an announcement from Telsey Advisory Group.
The company is so far trading down by -1.44 percent from yesterday’s close. It is trading at $28.67 marginally under $35.63, the 50 day moving average and a bit lower than the 200 day moving average of $42.29. The 50 day moving average was down $-6.96 and the 200 day average went down $-13.62 or -32.21%.
The P/E ratio is currently 13.94 and market capitalization is 1.31B. In the last earnings report the EPS was $2.06 and is estimated to be $2.14 for the current year with 45,756,000 shares outstanding. Next quarter’s EPS is estimated at $0.57 and the next full year EPS is projected to be $2.23.
Short traders are more bearish on the company lately as indicated by the motion in short interest. The stock experienced a rise in short interest between August 31, 2016 and September 15, 2016 of 0.28%. Short shares increased from 4,417,009 to 5,650,160 over that period. Days to cover increased 2.9 to 5.9 and the percentage of shorted shares is 0.12% as of September 15.