G-III Apparel Group, Ltd. (NASDAQ:GIII) Director Bokhorst Willem Van sold 2,000 shares of the stock in a transaction dated Monday, June 18th. The stock was sold at an average price of $47.00, for a total transaction of $94,000.00. Following the sale, the director now directly owns 54,774 shares in the company, valued at $2,574,378. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of G-III Apparel Group traded up $0.55, hitting $47.60, during mid-day trading on Monday, according to MarketBeat. 41,513 shares of the company were exchanged, compared to its average volume of 1,019,182. G-III Apparel Group, Ltd. has a 1-year low of $21.65 and a 1-year high of $51.20. The company has a quick ratio of 1.33, a current ratio of 2.35 and a debt-to-equity ratio of 0.41. The company has a market cap of $2.31 billion, a PE ratio of 29.55, a price-to-earnings-growth ratio of 1.33 and a beta of 0.25.

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

GIII has been the topic of several recent analyst reports. ValuEngine raised shares of G-III Apparel Group from a “hold” rating to a “buy” rating in a research note on Friday, April 27th. Zacks Investment Research raised shares of G-III Apparel Group from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research note on Friday, March 9th. CL King initiated coverage on shares of G-III Apparel Group in a research note on Friday, May 4th. They set a “buy” rating and a $42.00 target price on the stock. B. Riley set a $38.00 target price on shares of G-III Apparel Group and gave the stock a “hold” rating in a research note on Friday, March 23rd. Finally, Cowen set a $54.00 target price on shares of G-III Apparel Group and gave the stock a “buy” rating in a research note on Wednesday, June 6th. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $46.64.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its position in shares of G-III Apparel Group by 1.5% during the 1st quarter. BlackRock Inc. now owns 5,430,934 shares of the textile maker’s stock worth $204,635,000 after purchasing an additional 79,210 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of G-III Apparel Group by 1.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,131,311 shares of the textile maker’s stock worth $155,668,000 after purchasing an additional 42,293 shares during the last quarter. Columbus Circle Investors raised its position in shares of G-III Apparel Group by 11.3% during the 1st quarter. Columbus Circle Investors now owns 1,701,637 shares of the textile maker’s stock worth $64,118,000 after purchasing an additional 172,747 shares during the last quarter. Standard Life Aberdeen plc raised its holdings in G-III Apparel Group by 1.2% in the 4th quarter. Standard Life Aberdeen plc now owns 1,692,049 shares of the textile maker’s stock valued at $62,428,000 after acquiring an additional 20,699 shares during the last quarter. Finally, Royal Bank of Canada raised its holdings in G-III Apparel Group by 14.6% in the 1st quarter. Royal Bank of Canada now owns 1,295,215 shares of the textile maker’s stock valued at $48,803,000 after acquiring an additional 164,565 shares during the last quarter. Hedge funds and other institutional investors own 98.95% of the company’s stock.

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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