G-III Apparel Group, Ltd. (GIII) Vice Chairman Sammy Aaron Sells 71,766 Shares

G-III Apparel Group, Ltd. (NASDAQ:GIII) Vice Chairman Sammy Aaron sold 71,766 shares of the business’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $41.33, for a total value of $2,966,088.78. Following the sale, the insider now owns 434,969 shares of the company’s stock, valued at approximately $17,977,268.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

NASDAQ GIII opened at $42.09 on Wednesday. The stock has a market capitalization of $2.02 billion, a P/E ratio of 14.48, a P/E/G ratio of 0.84 and a beta of 0.98. The company has a quick ratio of 1.17, a current ratio of 2.16 and a debt-to-equity ratio of 0.33. G-III Apparel Group, Ltd. has a 12 month low of $25.43 and a 12 month high of $51.20.

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

A number of equities research analysts have recently weighed in on the company. BidaskClub downgraded G-III Apparel Group from a “buy” rating to a “hold” rating in a research report on Saturday. Zacks Investment Research downgraded G-III Apparel Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 6th. ValuEngine upgraded G-III Apparel Group from a “sell” rating to a “hold” rating in a report on Thursday, March 21st. TheStreet upgraded G-III Apparel Group from a “c+” rating to a “b-” rating in a report on Thursday, March 21st. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $55.00 price objective (up previously from $50.00) on shares of G-III Apparel Group in a report on Friday, March 22nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $46.58.

Several institutional investors have recently made changes to their positions in the business. BlackRock Inc. increased its stake in shares of G-III Apparel Group by 2.3% during the fourth quarter. BlackRock Inc. now owns 6,147,989 shares of the textile maker’s stock worth $171,469,000 after purchasing an additional 135,596 shares during the period. Vanguard Group Inc. increased its stake in shares of G-III Apparel Group by 10.9% during the third quarter. Vanguard Group Inc. now owns 4,346,116 shares of the textile maker’s stock worth $209,439,000 after purchasing an additional 426,960 shares during the period. Vanguard Group Inc increased its stake in shares of G-III Apparel Group by 10.9% during the third quarter. Vanguard Group Inc now owns 4,346,116 shares of the textile maker’s stock worth $209,439,000 after purchasing an additional 426,960 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of G-III Apparel Group by 1.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,144,322 shares of the textile maker’s stock worth $115,585,000 after purchasing an additional 58,455 shares during the period. Finally, Standard Life Aberdeen plc increased its stake in shares of G-III Apparel Group by 3.9% during the third quarter. Standard Life Aberdeen plc now owns 1,327,655 shares of the textile maker’s stock worth $63,980,000 after purchasing an additional 50,107 shares during the period.

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About G-III Apparel Group

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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