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.

Company insider trades are published daily on the SEC (Securities and Exchange Commission). DailyInsider’s proprietary algorithm analyzes these trades and selects the most attractive stocks based on influential insider trades each day. To subscribe to the DailyInsider visit this page.

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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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