Morris Goldfarb Sells $6.48 Million in G-III Apparel Shares
G-III Apparel Group CEO Morris Goldfarb sold 187,238 shares at $34.63 each.
Key Points
- Morris Goldfarb, CEO of G-III Apparel Group, sold 187,238 shares on June 15, 2026, at an average price of $34.63, totaling approximately $6.48 million.
- G-III Apparel Group, traded on NasdaqGS under the ticker GIII, has a market cap of $1.47 billion, a P/E ratio of 12.19, and a 52-week range of $21.10 to $36.53.
- Analysts from Keybanc and BTIG maintained a 'buy' rating with price targets of $40, while Telsey Advisory Group rated it 'hold' at $38.
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Morris Goldfarb, CEO of G-III Apparel Group, Ltd. (NasdaqGS:GIII), sold 187,238 shares of the company on June 15, 2026. The shares were sold at an average price of $34.63 each, resulting in a transaction valued at approximately $6.48 million. This insider sale was not part of a pre-arranged trading plan.
Other Institutional Activity in G-III Apparel Group
BlackRock, Inc. increased its holdings by 27,259 shares, bringing its total to 6,880,900 shares worth about $190.6 million. Dimensional Fund Advisors LP slightly reduced its stake by 1,831 shares, ending with 2,873,799 shares valued at $79.6 million. American Century Companies Inc. added 79,813 shares to hold a total of 1,818,651 shares, valued at $50.4 million. Meanwhile, State Street Corp trimmed its position by 46,729 shares, holding 1,428,710 shares worth approximately $39.6 million.
G-III Apparel Group, Ltd. Stock Up 5.1%
Shares of G-III Apparel Group, traded on NasdaqGS under the ticker GIII, were priced at $35.17. The company has a market cap of approximately $1.47 billion and a P/E ratio of 12.19. Its 52-week low is $21.10, and its high is $36.53. The stock's 50-day moving average is $31.35, while the 200-day moving average is $29.28. G-III Apparel Group has a current ratio of 3.18 and a quick ratio of 1.82.
Recent Earnings
G-III Apparel Group reported revenues of $2.91 billion, with a slight decline in revenue growth at -8.2%. The company's net margin stands at 4.34%, and it has a return on equity of 7.19%. The next earnings report is expected on September 3, 2026.
Dividend
G-III Apparel Group pays an annual dividend rate of $0.40, yielding 1.15%. The dividend payout ratio is 7.04%.
Insider Buying and Selling at G-III Apparel Group, Ltd.
On June 15, 2026, several insiders at G-III Apparel Group engaged in stock transactions. CEO Morris Goldfarb sold 187,238 shares, while Executive Vice President Jeffrey David Goldfarb sold 55,400 shares. CFO Neal Nackman sold 18,251 shares, and Vice Chairman Sammy Aaron sold 120,024 shares. On the same day, Jeffrey David Goldfarb and Sammy Aaron purchased 65,112 and 130,224 shares, respectively.
Analysts Set New Price Targets
On June 8, 2026, Keybanc maintained a 'buy' rating with a $40 price target for G-III Apparel Group. On the same day, Telsey Advisory Group maintained a 'hold' rating with a $38 price target. BTIG also maintained a 'buy' rating with a $40 target on June 5, 2026. The consensus among analysts is a 'buy' rating, with a mean target price of $39.33 based on three analyst opinions.
About G-III Apparel Group
G-III Apparel Group, Ltd. designs and markets a wide range of women's and men's apparel. The company's offerings include outerwear, dresses, sportswear, and accessories under brands like DKNY, Donna Karan, and Karl Lagerfeld. With its headquarters in New York, the company operates through wholesale and retail segments, distributing products through various channels including retail stores and online platforms. Founded in 1956, G-III Apparel Group employs around 3,400 people.
Bottom Line
The recent sale of shares by CEO Morris Goldfarb is a notable insider transaction at G-III Apparel Group. Investors often track insider activities for potential insights into company performance. It's important to remember that such filings reflect past actions and may not indicate current holdings. Analysts maintain a generally positive outlook on the stock, with several 'buy' ratings and price targets above current levels.
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