G-III Apparel Group, Ltd. (NASDAQ:GIII – Get Free Report) CEO Morris Goldfarb sold 100,000 shares of the business’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $31.59, for a total transaction of $3,159,000.00. Following the sale, the chief executive officer now directly owns 3,990,085 shares of the company’s stock, valued at approximately $126,046,785.15. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Morris Goldfarb also recently made the following trade(s):
- On Thursday, September 26th, Morris Goldfarb sold 67,014 shares of G-III Apparel Group stock. The shares were sold at an average price of $30.30, for a total value of $2,030,524.20.
G-III Apparel Group Stock Down 0.7 %
Shares of GIII opened at $30.05 on Friday. The business’s 50 day moving average is $27.59 and its 200 day moving average is $27.70. The company has a current ratio of 2.92, a quick ratio of 1.80 and a debt-to-equity ratio of 0.27. G-III Apparel Group, Ltd. has a 12-month low of $20.66 and a 12-month high of $35.68. The company has a market capitalization of $1.35 billion, a PE ratio of 7.87 and a beta of 2.19.
Analyst Ratings Changes
Several research firms have recently commented on GIII. Barclays raised their price objective on G-III Apparel Group from $23.00 to $27.00 and gave the stock an “underweight” rating in a research note on Friday, September 6th. StockNews.com upgraded shares of G-III Apparel Group from a “hold” rating to a “buy” rating in a research note on Sunday, September 22nd. KeyCorp lifted their price target on shares of G-III Apparel Group from $32.00 to $34.00 and gave the company an “overweight” rating in a report on Friday, September 6th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $29.00 price objective on shares of G-III Apparel Group in a research note on Thursday, September 5th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, G-III Apparel Group has a consensus rating of “Hold” and an average target price of $28.80.
Read Our Latest Report on G-III Apparel Group
Institutional Trading of G-III Apparel Group
Hedge funds have recently bought and sold shares of the stock. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of G-III Apparel Group in the second quarter worth about $42,000. CWM LLC boosted its position in shares of G-III Apparel Group by 115.0% during the 2nd quarter. CWM LLC now owns 1,892 shares of the textile maker’s stock valued at $51,000 after acquiring an additional 1,012 shares during the last quarter. Quest Partners LLC bought a new position in shares of G-III Apparel Group during the 4th quarter valued at approximately $56,000. Point72 DIFC Ltd bought a new stake in G-III Apparel Group in the second quarter worth $78,000. Finally, Innealta Capital LLC bought a new stake in G-III Apparel Group in the second quarter worth $124,000. Hedge funds and other institutional investors own 92.13% of the company’s stock.
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 through 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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