G-III Apparel Group, Ltd. (NASDAQ:GIII) Director Laura H. Pomerantz sold 2,310 shares of the stock in a transaction that occurred on Thursday, April 13th. The stock was sold at an average price of $24.32, for a total value of $56,179.20. Following the transaction, the director now directly owns 25,198 shares of the company’s stock, valued at $612,815.36. The sale was disclosed in a filing with the SEC, which is available at this link.

G-III Apparel Group, Ltd. (NASDAQ:GIII) traded down 3.86% during trading on Tuesday, reaching $23.14. The company had a trading volume of 892,535 shares. The firm has a market capitalization of $1.13 billion, a P/E ratio of 21.04 and a beta of 0.53. The company has a 50-day moving average of $23.73 and a 200-day moving average of $27.05. G-III Apparel Group, Ltd. has a 52-week low of $19.10 and a 52-week high of $51.81.

G-III Apparel Group (NASDAQ:GIII) last issued its earnings results on Monday, March 27th. The textile maker reported ($0.16) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.10) by $0.06. G-III Apparel Group had a net margin of 3.46% and a return on equity of 9.13%. The company earned $603.30 million during the quarter, compared to analyst estimates of $622.76 million. During the same quarter in the previous year, the firm earned $0.17 earnings per share. The business’s revenue was up 14.4% on a year-over-year basis. Analysts expect that G-III Apparel Group, Ltd. will post $1.01 EPS for the current fiscal year.

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A number of institutional investors have recently modified their holdings of the stock. Municipal Employees Retirement System of Michigan increased its position in shares of G-III Apparel Group by 1.6% in the third quarter. Municipal Employees Retirement System of Michigan now owns 8,900 shares of the textile maker’s stock worth $259,000 after buying an additional 140 shares during the last quarter. Louisiana State Employees Retirement System increased its position in shares of G-III Apparel Group by 1.1% in the first quarter. Louisiana State Employees Retirement System now owns 17,800 shares of the textile maker’s stock worth $390,000 after buying an additional 200 shares during the last quarter. New York State Teachers Retirement System increased its position in shares of G-III Apparel Group by 0.9% in the fourth quarter. New York State Teachers Retirement System now owns 44,141 shares of the textile maker’s stock worth $1,305,000 after buying an additional 400 shares during the last quarter. Arizona State Retirement System increased its position in shares of G-III Apparel Group by 2.4% in the third quarter. Arizona State Retirement System now owns 21,275 shares of the textile maker’s stock worth $620,000 after buying an additional 500 shares during the last quarter. Finally, Capstone Asset Management Co. increased its position in shares of G-III Apparel Group by 3.6% in the first quarter. Capstone Asset Management Co. now owns 16,855 shares of the textile maker’s stock worth $369,000 after buying an additional 579 shares during the last quarter. Institutional investors own 95.33% of the company’s stock.

A number of equities analysts have recently issued reports on the company. Zacks Investment Research raised G-III Apparel Group from a “sell” rating to a “hold” rating in a research note on Monday, March 13th. Piper Jaffray Companies set a $22.00 target price on G-III Apparel Group and gave the stock a “hold” rating in a research note on Tuesday, January 10th. Cowen and Company cut their target price on G-III Apparel Group from $27.00 to $22.00 and set a “market perform” rating for the company in a research note on Tuesday, March 28th. Wunderlich reissued a “buy” rating and set a $33.00 target price on shares of G-III Apparel Group in a research note on Sunday, January 8th. Finally, KeyCorp reaffirmed an “overweight” rating and issued a $41.00 price objective on shares of G-III Apparel Group in a research note on Friday, April 7th. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $29.38.

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.

5 Day Chart for NASDAQ:GIII

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