G-III Apparel Group Director Sells $293,680 in Stock (GIII)
G-III Apparel Group (NASDAQ:GIII) Director Bokhorst Willem Van unloaded 4,000 shares of the stock on the open market in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $73.42, for a total transaction of $293,680.00. Following the sale, the director now directly owns 22,000 shares of the company’s stock, valued at approximately $1,615,240. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of G-III Apparel Group (NASDAQ:GIII) traded down 3.46% on Thursday, hitting $71.40. The stock had a trading volume of 442,717 shares. G-III Apparel Group has a 52 week low of $33.16 and a 52 week high of $74.88. The stock’s 50-day moving average is $64.18 and its 200-day moving average is $54.90. The company has a market cap of $1.456 billion and a P/E ratio of 21.11.
G-III Apparel Group (NASDAQ:GIII) last released its earnings data on Wednesday, December 4th. The company reported $2.88 earnings per share for the quarter, beating the analysts’ consensus estimate of $2.61 by $0.27. The company had revenue of $668.70 million for the quarter, compared to the consensus estimate of $629.28 million. During the same quarter in the previous year, the company posted $2.37 earnings per share. The company’s revenue for the quarter was up 23.0% on a year-over-year basis. On average, analysts predict that G-III Apparel Group will post $3.60 earnings per share for the current fiscal year.
A number of research firms have recently commented on GIII. Analysts at Zacks upgraded shares of G-III Apparel Group from a “neutral” rating to an “outperform” rating in a research note to investors on Friday, December 6th. They now have a $70.30 price target on the stock. Separately, analysts at Telsey Advisory Group raised their price target on shares of G-III Apparel Group from $60.00 to $72.00 in a research note to investors on Thursday, December 5th. They now have a “not rated” rating on the stock. Finally, analysts at Thomson Reuters/Verus downgraded shares of G-III Apparel Group from a “buy” rating to a “hold” rating in a research note to investors on Monday, November 4th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $64.86.
G-III Apparel Group, Ltd. (NASDAQ:GIII) designs, manufactures and markets a range of apparel, including outerwear, dresses, sportswear, women’s suits and women’s performance wear, as well as luggage and women’s handbags, small leather goods and cold weather accessories.
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