G-III Apparel Group, LTD. (NASDAQ:GIII) Director Alan Feller sold 2,000 shares of the firm’s stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $29.22, for a total value of $58,440.00. Following the completion of the transaction, the director now directly owns 20,609 shares of the company’s stock, valued at $602,194.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Alan Feller also recently made the following trade(s):

  • On Friday, September 29th, Alan Feller sold 5,000 shares of G-III Apparel Group, LTD. stock. The stock was sold at an average price of $29.31, for a total value of $146,550.00.

Shares of G-III Apparel Group, LTD. (GIII) traded down 0.79% during midday trading on Friday, hitting $29.02. The company had a trading volume of 545,413 shares. The stock has a 50 day moving average price of $27.11 and a 200 day moving average price of $24.34. G-III Apparel Group, LTD. has a 1-year low of $18.00 and a 1-year high of $32.98. The firm has a market capitalization of $1.41 billion, a P/E ratio of 44.10 and a beta of 0.26.

G-III Apparel Group, LTD. (NASDAQ:GIII) last released its quarterly earnings data on Wednesday, September 6th. The textile maker reported ($0.15) EPS for the quarter, beating the consensus estimate of ($0.26) by $0.11. G-III Apparel Group, LTD. had a net margin of 1.23% and a return on equity of 4.65%. The business had revenue of $538.00 million during the quarter, compared to the consensus estimate of $522.45 million. During the same quarter in the prior year, the firm earned $0.01 EPS. The business’s revenue was up 21.6% on a year-over-year basis. On average, equities analysts anticipate that G-III Apparel Group, LTD. will post $1.35 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This report was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this report on another publication, it was illegally copied and republished in violation of United States and international trademark & copyright legislation. The legal version of this report can be viewed at https://www.thecerbatgem.com/2017/09/30/g-iii-apparel-group-ltd-giii-director-alan-feller-sells-2000-shares-of-stock.html.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Phocas Financial Corp. bought a new position in shares of G-III Apparel Group, LTD. during the 2nd quarter valued at about $13,037,000. Dynamic Technology Lab Private Ltd bought a new position in shares of G-III Apparel Group, LTD. during the 2nd quarter valued at about $400,000. Public Employees Retirement System of Ohio boosted its holdings in shares of G-III Apparel Group, LTD. by 2.2% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 64,541 shares of the textile maker’s stock valued at $1,610,000 after purchasing an additional 1,405 shares during the last quarter. Piedmont Investment Advisors LLC bought a new position in shares of G-III Apparel Group, LTD. during the 2nd quarter valued at about $236,000. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of G-III Apparel Group, LTD. by 1.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 34,030 shares of the textile maker’s stock valued at $849,000 after purchasing an additional 438 shares during the last quarter. 99.38% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have recently commented on GIII shares. Buckingham Research reaffirmed a “buy” rating and issued a $28.00 price target on shares of G-III Apparel Group, LTD. in a report on Monday, July 17th. Wunderlich reaffirmed a “buy” rating and issued a $33.00 price target on shares of G-III Apparel Group, LTD. in a report on Tuesday, June 6th. BidaskClub raised G-III Apparel Group, LTD. from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. KeyCorp reaffirmed a “buy” rating and issued a $41.00 price target on shares of G-III Apparel Group, LTD. in a report on Thursday, August 24th. Finally, FBR & Co reaffirmed a “buy” rating and issued a $33.00 price target on shares of G-III Apparel Group, LTD. in a report on Tuesday, September 5th. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $32.27.

About G-III Apparel Group, LTD.

G-III Apparel Group, Ltd. designs, manufactures and markets a range of apparel products. The Company operates through two segments: wholesale operations and retail operations. Its apparel products include outerwear, dresses, sportswear, swimwear, women’s suits and women’s performance wear, as well as women’s handbags, footwear, small leather goods, cold weather accessories and luggage.

Receive News & Stock Ratings for G-III Apparel Group LTD. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for G-III Apparel Group LTD. and related stocks with our FREE daily email newsletter.