G-III Apparel Group Falls 14% After Q4 Miss

G-III Apparel Group, Ltd. GIII shares traded lower by $3.23 to $19.69 in Monday's session.

The catalyst for the decline is a Q4 miss of $0.26. The company lowered FY 2018 guidance for EPS and revenues, as well EPS guidance being much lower than the revenue number.

After a much lower open, the stock managed a brief bounce to $20.75 before continuing its move lower. The ensuing decline far surpassed its former low for the move at $24.26, reaching $19.10.

That marks the lowest level for the issue since April 2013, when it bottomed at $18.41.