G-III Apparel Group, Ltd. (NASDAQ:GIII) CEO Morris Goldfarb bought 40,000 shares of the stock in a transaction dated Thursday, July 11th. The shares were acquired at an average cost of $26.47 per share, for a total transaction of $1,058,800.00. Following the completion of the acquisition, the chief executive officer now directly owns 3,250,483 shares of the company’s stock, valued at approximately $86,040,285.01. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Morris Goldfarb also recently made the following trade(s):
- On Thursday, June 13th, Morris Goldfarb bought 37,106 shares of G-III Apparel Group stock. The shares were acquired at an average cost of $25.39 per share, for a total transaction of $942,121.34.
Shares of NASDAQ:GIII opened at $28.40 on Friday. The company has a 50 day moving average price of $27.25. The company has a market capitalization of $1.34 billion, a PE ratio of 9.93, a price-to-earnings-growth ratio of 0.78 and a beta of 1.40. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.17 and a quick ratio of 1.17. G-III Apparel Group, Ltd. has a 1 year low of $23.34 and a 1 year high of $50.83.
G-III Apparel Group (NASDAQ:GIII) last announced its quarterly earnings data on Wednesday, June 5th. The textile maker reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.03. The business had revenue of $633.60 million for the quarter, compared to analysts’ expectations of $650.03 million. G-III Apparel Group had a net margin of 4.53% and a return on equity of 12.59%. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period last year, the firm posted $0.22 earnings per share. As a group, sell-side analysts predict that G-III Apparel Group, Ltd. will post 3.27 EPS for the current fiscal year.
Large investors have recently made changes to their positions in the stock. Acadian Asset Management LLC increased its stake in G-III Apparel Group by 1,780.0% in the fourth quarter. Acadian Asset Management LLC now owns 1,974 shares of the textile maker’s stock valued at $55,000 after acquiring an additional 1,869 shares during the last quarter. CenterStar Asset Management LLC acquired a new stake in G-III Apparel Group in the first quarter valued at approximately $105,000. Nvwm LLC boosted its position in G-III Apparel Group by 9.9% in the first quarter. Nvwm LLC now owns 4,276 shares of the textile maker’s stock valued at $171,000 after buying an additional 384 shares in the last quarter. NumerixS Investment Technologies Inc boosted its position in G-III Apparel Group by 6.6% in the fourth quarter. NumerixS Investment Technologies Inc now owns 4,902 shares of the textile maker’s stock valued at $136,000 after buying an additional 302 shares in the last quarter. Finally, Everence Capital Management Inc. acquired a new stake in G-III Apparel Group in the first quarter valued at approximately $204,000.
Several research analysts have recently commented on the stock. BidaskClub raised shares of Westport Fuel Systems from a “hold” rating to a “buy” rating in a report on Friday. Barclays reaffirmed a “buy” rating on shares of Bayerische Motoren Werke in a report on Friday, March 22nd. Needham & Company LLC set a $47.00 target price on shares of G-III Apparel Group and gave the stock a “buy” rating in a report on Thursday, June 6th. ValuEngine cut shares of Zumiez from a “hold” rating to a “sell” rating in a report on Monday, May 13th. Finally, KeyCorp lowered their target price on shares of G-III Apparel Group from $52.00 to $45.00 and set an “overweight” rating on the stock in a report on Thursday, June 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $41.70.
G-III Apparel Group Company Profile
G-III Apparel Group, Ltd. designs, sources, 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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