The COO of G-III Apparel Group is Selling Shares

By George MacDonald

Today, the COO of G-III Apparel Group, Wayne S. Miller, sold stocks of GIII for $3.14M.

Following Miller’s last GIII Sell transaction on October 27, 2014, the stock climbed by 33.6%. In addition to Miller, 4 other GIII executives reported Sell trades in the last month.

Based on G-III Apparel Group`s latest earnings report from April 30, the company posted quarterly revenue of $433M and quarterly net profit of $6.76M. In comparison, last year the company earned revenue of $366.2M and had a net profit of $1.29M. The company has a one year high of $72.40 and a one year low of $35.34. GIII’s market cap is $3.19B and the company has a P/E ratio of 28.2%.

Based on 3 analyst ratings, the analyst consensus is Strong Buy with an average price target of $70.33, reflecting a 0.0% updside.

Looking at blogger coverage of GIII, there is a 100% Bullish tendency on the stock, in relation to a 71% average bullish tendency within the Consumer Goods sector.

In the last 30 days, insiders have sold $21.5M worth of GIII shares and purchased $15k worth of GIII shares. Over the last 3 months, the insider sentiment on G-III Apparel Group has been negative based on 45 corporate insider transactions. This sentiment is lower than the average sector sentiment of insiders.

G-III Apparel Group Ltddesigns, manufactures & markets apparel, including outerwear, dresses, sportswear, swimwear, women’s suits & women’s performance wear, as well as footwear, luggage & women handbags, small leather goods & cold weather accessories.