Patti Ongman Buys Shares of GIII
Patti Ongman acquired 3,644 shares of GIII on June 11, 2026, highlighting insider buying activity.
Key Points
- Patti Ongman bought 3,644 shares of GIII on June 11, 2026, at no cost per share.
- GIII stock is trading near $35.38 with significant insider buying activity.
- Analysts have maintained their ratings, with price targets ranging from $26 to $40.
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Patti Ongman, an insider at GIII, acquired 3,644 shares of the company on June 11, 2026. The shares were purchased at no cost, as reflected in the transaction details. This move is part of a broader pattern of insider buying at GIII.
Other Institutional Activity in GIII
BlackRock, Inc. increased its holdings in GIII by 27,259 shares, bringing its total to about 6.88 million shares valued at approximately $190.6 million. Dimensional Fund Advisors LP reduced its stake slightly by 1,831 shares, ending with nearly 2.87 million shares worth $79.6 million. American Century Companies Inc added 79,813 shares, boosting its holdings to around 1.82 million shares valued at $50.4 million.
G-III Apparel Group, Ltd. Stock Up 5.8%
GIII shares are trading near $35.38. The company has seen a range of institutional activity, with major funds adjusting their positions. The insider buying activity comes amid a stock price that has been fluctuating within its 52-week highs and lows.
Insider Buying and Selling at G-III Apparel Group, Ltd.
On June 11, 2026, multiple insiders, including Richard White, Cheryl Vitali, Thomas Brosig, Patti Ongman, Michael Shaffer, and Andrew Yaeger, bought shares of GIII. Each insider acquired shares at no cost, with transactions not planned under Rule 10b5-1.
Analysts Set New Price Targets
On June 8, 2026, Telsey Advisory Group maintained a "hold" rating on GIII, setting a price target of $38. Keybanc also maintained its "buy" rating with a $40 target. Earlier, on June 5, BTIG reiterated its "buy" rating with a $40 target. Analysts generally hold varied views, with price targets ranging from $26 to $40.
Bottom Line
Insider buying activity at GIII, including Patti Ongman's recent purchase, suggests confidence in the company's prospects. While these transactions are noteworthy, they provide a snapshot of past actions rather than current positions. Investors often track such moves for potential insights, but it's important to consider them alongside broader market trends and analyst opinions.
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