The Vice Chairman and President of G-III Apparel Group (NASDAQ: GIII) is Selling Shares

Today, the Vice Chairman and President of G-III Apparel Group (GIIIResearch Report), Sammy Aaron, sold shares of GIII for $3.75M.

Following Sammy Aaron’s last GIII Sell transaction on December 18, 2017, the stock climbed by 5.8%. In addition to Sammy Aaron, 5 other GIII executives reported Sell trades in the last month.

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Based on G-III Apparel Group’s latest earnings report for the quarter ending January 31, the company posted quarterly revenue of $767 million and quarterly net profit of $24.08 million. In comparison, last year the company earned revenue of $715 million and had a GAAP net loss of $542K. GIII’s market cap is $2.02B and the company has a P/E ratio of 15.16. Currently, G-III Apparel Group has an average volume of 438.1K.

Based on 4 analyst ratings, the analyst consensus is Strong Buy with an average price target of $46.00, reflecting a 9.3% upside.

In the last 30 days, insiders have sold $3.91M worth of GIII shares and purchased $39.96K worth of GIII shares. The insider sentiment on G-III Apparel Group has been neutral according to 39 insider trades in the past three months. This sentiment is higher than the average sentiment of company insiders in this sector.

Sammy Aaron’s trades have generated a -15.7% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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G-III Apparel Group Ltd. engages in the designs, sourcing, and marketing women’s apparel. It operates through the: Wholesale Operations and Retail Operations segments.

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