Insider Selling: G-III Apparel Group, Ltd. (GIII) Director Sells 2,105 Shares of Stock

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G-III Apparel Group, Ltd. (NASDAQ:GIII) Director Laura H. Pomerantz sold 2,105 shares of the firm’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $41.52, for a total value of $87,399.60. Following the completion of the sale, the director now directly owns 36,756 shares of the company’s stock, valued at $1,526,109.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of NASDAQ GIII opened at $42.08 on Thursday. The company has a market cap of $2.06 billion, a PE ratio of 14.71, a PEG ratio of 0.84 and a beta of 0.98. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.17 and a current ratio of 2.16. G-III Apparel Group, Ltd. has a 1-year low of $25.43 and a 1-year high of $51.20.

G-III Apparel Group (NASDAQ:GIII) last posted its quarterly earnings data on Thursday, March 21st. The textile maker reported $0.55 EPS for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.11. G-III Apparel Group had a return on equity of 12.74% and a net margin of 4.49%. The firm had revenue of $766.80 million for the quarter, compared to analyst estimates of $767.89 million. During the same quarter last year, the company earned $0.26 EPS. The company’s revenue was up 7.3% on a year-over-year basis. Equities research analysts predict that G-III Apparel Group, Ltd. will post 3.3 earnings per share for the current year.

A number of institutional investors have recently bought and sold shares of the business. NumerixS Investment Technologies Inc increased its stake in G-III Apparel Group by 6.6% during the 4th quarter. NumerixS Investment Technologies Inc now owns 4,902 shares of the textile maker’s stock worth $136,000 after acquiring an additional 302 shares during the period. Piedmont Investment Advisors Inc. increased its stake in G-III Apparel Group by 3.7% during the 4th quarter. Piedmont Investment Advisors Inc. now owns 10,010 shares of the textile maker’s stock worth $279,000 after acquiring an additional 353 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in G-III Apparel Group by 19.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,795 shares of the textile maker’s stock worth $78,000 after acquiring an additional 461 shares during the period. Nvwm LLC increased its stake in G-III Apparel Group by 15.0% during the 4th quarter. Nvwm LLC now owns 3,892 shares of the textile maker’s stock worth $109,000 after acquiring an additional 508 shares during the period. Finally, Legal & General Group Plc increased its stake in G-III Apparel Group by 0.6% during the 4th quarter. Legal & General Group Plc now owns 102,158 shares of the textile maker’s stock worth $2,846,000 after acquiring an additional 587 shares during the period.

GIII has been the topic of a number of recent research reports. Bank of America set a $46.00 target price on G-III Apparel Group and gave the stock a “buy” rating in a research note on Friday, March 22nd. BidaskClub upgraded G-III Apparel Group from a “hold” rating to a “buy” rating in a research note on Thursday, January 10th. Barclays reiterated a “hold” rating and set a $36.00 target price on shares of G-III Apparel Group in a research note on Sunday, January 13th. Piper Jaffray Companies set a $40.00 target price on G-III Apparel Group and gave the stock a “buy” rating in a research note on Monday, December 31st. Finally, TheStreet lowered G-III Apparel Group from a “b-” rating to a “c+” rating in a research note on Thursday, December 27th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $46.58.

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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.

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

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