Jeffrey Goldfarb Sells Shares of G-III Apparel Group
The Executive VP sold 55,400 shares for approximately $1.92 million.
Key Points
- Jeffrey Goldfarb, Executive Vice President of G-III Apparel Group, sold 55,400 shares on June 15, 2026, at an average price of $34.63, totaling around $1.92 million.
- G-III Apparel Group has a market cap of about $1.47 billion, a P/E ratio of 12.19, and a 52-week range between $21.10 and $36.53.
- Analysts from Keybanc and BTIG maintain a 'buy' rating with a price target of $40.00, while Telsey Advisory Group rates it as 'hold' with a $38.00 target.
Important disclosure: Podchat is not a registered investment adviser, broker-dealer, or financial planner. This article is for informational and educational purposes only and is not a recommendation to buy, sell, or hold any security. Content may be generated by automated systems using public filings, market data, and third-party sources, and may contain errors or omissions. Investing involves risk, including possible loss of principal. Past performance, insider activity, analyst ratings, price targets, sentiment scores, and hypothetical or backtested results are not guarantees of future performance. Please do your own research and consult a qualified professional before making investment decisions.
Jeffrey Goldfarb, the Executive Vice President of G-III Apparel Group, Ltd. (NasdaqGS:GIII), sold 55,400 shares of the company on June 15, 2026. The shares were sold at an average price of $34.63, amounting to roughly $1.92 million. This transaction was not part of a pre-arranged trading plan.
Insider Buying and Selling at G-III Apparel Group, Ltd.
In addition to Jeffrey Goldfarb's sale, other executives at G-III Apparel Group engaged in stock transactions on June 15, 2026. CEO Morris Goldfarb, CFO Neal Nackman, and Vice Chairman Sammy Aaron also sold shares, with Jeffrey Goldfarb and Sammy Aaron buying additional shares at a zero price, reflecting internal stock compensation or reallocation.
Other Institutional Activity in G-III Apparel Group
Several institutional investors adjusted their holdings in G-III Apparel Group. BlackRock, Inc. increased its holdings by 27,259 shares, bringing its total to approximately 6.88 million shares valued at about $190.6 million. Dimensional Fund Advisors LP slightly reduced its position by 1,831 shares, ending with around 2.87 million shares worth $79.6 million. American Century Companies Inc made a significant addition, increasing its holdings by 79,813 shares to a total of 1.82 million shares valued at $50.4 million.
G-III Apparel Group, Ltd. Stock Up 5.1%
Shares of G-III Apparel Group are trading near $35.17. The company has a market capitalization of approximately $1.47 billion and a P/E ratio of 12.19. Its stock has fluctuated between a low of $21.10 and a high of $36.53 over the past year. The 50-day moving average is $31.35, and the 200-day moving average is $29.28. The company maintains a strong current ratio of 3.18 and a quick ratio of 1.82, with a debt-to-equity ratio of 16.09.
Recent Earnings
G-III Apparel Group reported revenue of about $2.91 billion, although it experienced a revenue decline of 8.2%. The company achieved a net margin of 4.34% and a return on equity of 7.19%. Its earnings per share stood at $2.86. The next earnings report is expected on September 3, 2026.
Dividend
G-III Apparel Group pays an annual dividend of $0.40 per share, yielding 1.15%. The dividend payout ratio is a modest 7.04%.
Analysts Set New Price Targets
On June 8, 2026, Telsey Advisory Group maintained its "hold" rating on G-III Apparel Group with a price target of $38.00. Keybanc and BTIG both issued a "buy" rating with a higher target of $40.00. The consensus among analysts is a "buy" rating, with an average target price of $39.33 based on three opinions.
About G-III Apparel Group
G-III Apparel Group, Ltd., based in New York, designs, sources, and markets a wide range of apparel for both women and men. The company operates through its Wholesale and Retail segments, offering products such as outerwear, dresses, sportswear, and accessories. It owns brands like Andrew Marc and DKNY and licenses others like Calvin Klein and Tommy Hilfiger. Founded in 1956, G-III employs about 3,400 people.
Bottom Line
Jeffrey Goldfarb's recent sale of shares in G-III Apparel Group is part of ongoing insider activity within the company. Investors often watch such moves for insights into company leadership's confidence. G-III continues to show a solid market position, though its recent revenue decline has caught analysts' attention. Remember, this insider activity is reported after the fact, and the company's financial health remains a key focus for stakeholders.
Get G-III Apparel Group, Ltd. alerts
New 13F filings, insider trades, and analyst moves on $GIII, sent to your inbox. Free, and you can unsubscribe anytime.
This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.