G-III Apparel Group, Ltd. (GIII) CEO Morris Goldfarb Sells 161,190 Shares

G-III Apparel Group, Ltd. (NASDAQ:GIII) CEO Morris Goldfarb sold 161,190 shares of the firm’s stock in a transaction that occurred on Friday, June 15th. The stock was sold at an average price of $47.11, for a total transaction of $7,593,660.90. Following the transaction, the chief executive officer now owns 3,812,427 shares of the company’s stock, valued at approximately $179,603,435.97. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Morris Goldfarb also recently made the following trade(s):

  • On Tuesday, June 19th, Morris Goldfarb sold 770,000 shares of G-III Apparel Group stock. The stock was sold at an average price of $47.32, for a total transaction of $36,436,400.00.

G-III Apparel Group opened at $47.88 on Wednesday, according to MarketBeat Ratings. G-III Apparel Group, Ltd. has a 12-month low of $21.65 and a 12-month high of $51.20. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.35 and a quick ratio of 1.33. The firm has a market capitalization of $2.34 billion, a P/E ratio of 29.93, a price-to-earnings-growth ratio of 1.35 and a beta of 0.25.



G-III Apparel Group (NASDAQ:GIII) last posted its quarterly earnings data on Tuesday, June 5th. The textile maker reported $0.22 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.27. The firm had revenue of $611.70 million for the quarter, compared to the consensus estimate of $570.59 million. G-III Apparel Group had a net margin of 2.85% and a return on equity of 9.15%. The business’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.21) EPS. sell-side analysts expect that G-III Apparel Group, Ltd. will post 2.35 earnings per share for the current year.

Several research firms have issued reports on GIII. Stifel Nicolaus raised their price target on shares of G-III Apparel Group from $33.00 to $45.00 and gave the stock a “hold” rating in a report on Wednesday, June 6th. Telsey Advisory Group raised their price target on shares of G-III Apparel Group from $48.00 to $54.00 and gave the stock an “outperform” rating in a report on Saturday, June 9th. ValuEngine lowered shares of G-III Apparel Group from a “buy” rating to a “hold” rating in a report on Saturday, April 21st. Buckingham Research raised their price target on shares of G-III Apparel Group from $45.00 to $55.00 and gave the stock a “buy” rating in a report on Wednesday, June 6th. Finally, CL King began coverage on shares of G-III Apparel Group in a report on Friday, May 4th. They set a “buy” rating and a $42.00 price target for the company. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. G-III Apparel Group currently has an average rating of “Buy” and a consensus price target of $46.64.

Institutional investors and hedge funds have recently bought and sold shares of the business. Nvwm LLC purchased a new position in G-III Apparel Group during the 1st quarter worth $121,000. Elkfork Partners LLC purchased a new position in G-III Apparel Group during the 4th quarter worth $156,000. SG Americas Securities LLC bought a new stake in shares of G-III Apparel Group during the 1st quarter worth $172,000. Amalgamated Bank bought a new stake in shares of G-III Apparel Group during the 4th quarter worth $230,000. Finally, Xact Kapitalforvaltning AB bought a new stake in shares of G-III Apparel Group during the 1st quarter worth $246,000. 98.95% of the stock is currently owned by hedge funds and other institutional investors.

G-III Apparel Group Company Profile

G-III Apparel Group, Ltd. designs, manufactures, and markets women's and men's apparel in the United States and internationally. The company operates in two segments, Wholesale Operations and Retail Operations. Its products include outerwear, dresses, sportswear, swimwear, women's suits, and women's performance wear; and women's handbags, footwear, small leather goods, cold weather accessories, and luggage.

Insider Buying and Selling by Quarter for G-III Apparel Group (NASDAQ:GIII)

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