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Wednesday, January 9, 2019

A Director at G-III Apparel Group (GIII) is Buying Shares - Smarter Analyst

Today, a Director at G-III Apparel Group (GIII), Willem Van-Bokhorst, bought shares of GIII for $33.3K.

This recent transaction increases Willem Van-Bokhorst’s holding in the company by 13.2% to a total of $1.56 million.

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Based on G-III Apparel Group’s latest earnings report for the quarter ending October 31, the company posted quarterly revenue of $1.07 billion and quarterly net profit of $94.03 million. In comparison, last year the company earned revenue of $1.02 billion and had a net profit of $81.63 million. GIII’s market cap is $1.5B and the company has a P/E ratio of 13.46. Currently, G-III Apparel Group has an average volume of 565.5K.

Based on 8 analyst ratings, the analyst consensus is Strong Buy with an average price target of $46.00, reflecting a 47.5% upside. Seven different firms, including B.Riley FBR and Buckingham, currently also have a Buy rating on the stock. Starting in December 2018, GIII received 4 Buy ratings in a row.

The insider sentiment on G-III Apparel Group has been negative according to 34 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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G-III Apparel Group Ltd. manufactures and distributes outerwear and sportswear. It operates through the following business segments: Wholesale Operations and Retail Operations business. The Wholesale Operations segment consists of products and non-licensed products segments. It also includes sales of products under the company’s licensed brands.



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