Michael Shaffer Acquires Additional Shares of GIII
Michael Shaffer purchased 4,345 shares of GIII on June 11, 2026.
Key Points
- Michael Shaffer bought 4,345 shares of GIII on June 11, 2026, at a price of $0.0 per share.
- GIII shares are trading at approximately $35.38 with recent analyst ratings maintaining mixed views.
- Institutional investors like BlackRock and American Century Companies adjusted their GIII holdings recently.
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Michael Shaffer, an insider at GIII, purchased 4,345 shares of the company on June 11, 2026. The transaction was recorded at a price of $0.0 per share, indicating it might have been part of a compensation plan.
Insider Buying and Selling at G-III Apparel Group, Ltd.
On June 11, 2026, several insiders, including Michael Shaffer, acquired shares of GIII. Richard White bought 5,046 shares, Cheryl Vitali purchased 3,644 shares, and Thomas Brosig acquired 4,065 shares. Patti Ongman and Andrew Yaeger each bought 3,644 shares. All these transactions were not part of any planned trading program.
Other Institutional Activity in GIII
In the institutional arena, BlackRock, Inc. increased its holdings by 27,259 shares, bringing its total to 6,880,900 shares worth about $190.6 million. American Century Companies Inc also added 79,813 shares, ending with 1,818,651 shares valued at approximately $50.4 million. Meanwhile, Dimensional Fund Advisors LP slightly reduced its holdings by 1,831 shares to 2,873,799 shares, valued at roughly $79.6 million. Vanguard Portfolio Management LLC and Vanguard Capital Management LLC both initiated new positions, each holding 2,379,723 and 1,612,404 shares, respectively.
G-III Apparel Group, Ltd. Stock Up 5.8%
Shares of GIII are currently trading around $35.38. The stock has experienced a range of analyst opinions, with some maintaining a 'hold' rating while others suggest a 'buy'. The market is keeping a close eye on these movements as the company navigates its current financial landscape.
Analysts Set New Price Targets
On June 8, 2026, Telsey Advisory Group maintained its 'hold' rating on GIII with a price target of $38. On the same day, Keybanc reiterated its 'buy' rating with a target of $40. Earlier, on June 5, BTIG also maintained a 'buy' rating with a $40 target. These mixed ratings reflect varying perspectives on the company’s future performance.
Bottom Line
Michael Shaffer’s purchase of GIII shares highlights ongoing insider confidence in the company. With the stock trading around $35.38, different institutional investors are adjusting their positions, reflecting their strategic outlooks. Analyst ratings remain mixed, underscoring the varied expectations for GIII’s financial trajectory.
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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.