G-III Apparel Group, LTD. (NASDAQ:GIII) COO Wayne S. Miller sold 50,000 shares of G-III Apparel Group, LTD. stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $29.56, for a total value of $1,478,000.00. Following the completion of the sale, the chief operating officer now directly owns 269,531 shares in the company, valued at $7,967,336.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

G-III Apparel Group, LTD. (GIII) traded down 3.36% during midday trading on Wednesday, hitting $28.17. The stock had a trading volume of 804,889 shares. The stock has a market cap of $1.37 billion, a PE ratio of 42.81 and a beta of 0.26. The firm 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 one year low of $18.00 and a one year high of $32.98.

G-III Apparel Group, LTD. (NASDAQ:GIII) last announced its earnings results on Wednesday, September 6th. The textile maker reported ($0.15) earnings per share (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 company had revenue of $538.00 million for the quarter, compared to the consensus estimate of $522.45 million. During the same period in the previous year, the business earned $0.01 EPS. The company’s revenue was up 21.6% on a year-over-year basis. Equities analysts expect that G-III Apparel Group, LTD. will post $1.35 EPS for the current year.

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Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. grew its holdings in shares of G-III Apparel Group, LTD. by 19,882.5% during the 1st quarter. BlackRock Inc. now owns 5,643,064 shares of the textile maker’s stock valued at $123,528,000 after acquiring an additional 5,614,824 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of G-III Apparel Group, LTD. by 74.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 5,574,206 shares of the textile maker’s stock valued at $139,077,000 after acquiring an additional 2,383,043 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of G-III Apparel Group, LTD. by 0.6% during the 2nd quarter. Vanguard Group Inc. now owns 3,632,380 shares of the textile maker’s stock valued at $90,628,000 after acquiring an additional 21,050 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of G-III Apparel Group, LTD. by 45.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,904,916 shares of the textile maker’s stock valued at $72,478,000 after acquiring an additional 907,701 shares in the last quarter. Finally, Aberdeen Asset Management PLC UK grew its holdings in shares of G-III Apparel Group, LTD. by 9.4% during the 2nd quarter. Aberdeen Asset Management PLC UK now owns 1,933,086 shares of the textile maker’s stock valued at $48,231,000 after acquiring an additional 166,857 shares in the last quarter. Institutional investors and hedge funds own 99.38% of the company’s stock.

A number of equities analysts have weighed in on GIII shares. BidaskClub raised G-III Apparel Group, LTD. from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Piper Jaffray Companies raised G-III Apparel Group, LTD. from a “neutral” rating to an “overweight” rating and set a $27.00 price target on the stock in a research note on Wednesday, August 23rd. Stifel Nicolaus reiterated a “hold” rating and issued a $20.00 price objective on shares of G-III Apparel Group, LTD. in a report on Friday, May 26th. Zacks Investment Research upgraded G-III Apparel Group, LTD. from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a report on Saturday, September 9th. Finally, ValuEngine upgraded G-III Apparel Group, LTD. from a “sell” rating to a “hold” rating in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $32.42.

G-III Apparel Group, LTD. Company Profile

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.

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