G-III Apparel Group, LTD. (GIII) Vice Chairman Sammy Aaron Sells 51,000 Shares
G-III Apparel Group, LTD. (NASDAQ:GIII) Vice Chairman Sammy Aaron sold 51,000 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $33.62, for a total transaction of $1,714,620.00. Following the transaction, the insider now owns 556,152 shares in the company, valued at $18,697,830.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
G-III Apparel Group, LTD. (GIII) opened at $35.76 on Tuesday. G-III Apparel Group, LTD. has a twelve month low of $18.00 and a twelve month high of $36.10. The firm has a market cap of $1,760.00, a P/E ratio of 28.67, a P/E/G ratio of 1.51 and a beta of 0.29. The company has a quick ratio of 1.09, a current ratio of 3.52 and a debt-to-equity ratio of 0.66.
G-III Apparel Group (NASDAQ:GIII) last announced its quarterly earnings data on Tuesday, December 5th. The textile maker reported $1.67 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.54 by $0.13. G-III Apparel Group had a net margin of 1.58% and a return on equity of 5.65%. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period in the prior year, the business posted $1.50 earnings per share. G-III Apparel Group’s revenue was up 15.9% compared to the same quarter last year. equities analysts predict that G-III Apparel Group, LTD. will post 1.5 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. YorkBridge Wealth Partners LLC lifted its holdings in G-III Apparel Group by 17.1% in the second quarter. YorkBridge Wealth Partners LLC now owns 3,972 shares of the textile maker’s stock valued at $101,000 after buying an additional 580 shares during the period. Flinton Capital Management LLC lifted its holdings in G-III Apparel Group by 87.0% in the second quarter. Flinton Capital Management LLC now owns 4,032 shares of the textile maker’s stock valued at $101,000 after buying an additional 1,876 shares during the period. Zions Bancorporation acquired a new position in G-III Apparel Group in the third quarter valued at approximately $151,000. Invictus RG acquired a new position in G-III Apparel Group in the third quarter valued at approximately $185,000. Finally, Turner Investments LLC acquired a new position in G-III Apparel Group in the third quarter valued at approximately $218,000.
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G-III Apparel Group 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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