Insider Activity: G-III Apparel Group (GIII)

Clothing
CEO makes million-dollar buy.
On Thursday, G-III Apparel Group CEO Morris Goldfarb bought 40,000 shares of his own company. Besides increasing his total stake to over 3.9 million shares, the $26.47 price per share means he spent over $1.05 million picking up shares of the firm.

This follows on a previous purchase by Goldfarb back on June 13th. Then, he picked up 40,479 shares, paying $1.02 million.

  • Special: Every Time the Government Releases Jobs Data... Make This Trade the Night Before!
  • G-III Apparel designs, sources, and markets apparel for men and women. It operates in wholesale and retail operations. The company manufactures under proprietary brand names and licensed names such as Calvin Klein, Tommy Hilfiger, Guess?, Levi’s, Docker’s and many others.

    Besides design work, it operates over 308 leased retail stores, 139 of which are Wilsons Leather stores.
    Action to take: Trading at 10 times earnings and with shares trading close to a 52-week low against a high of $50 in the past year, shares look cheap and ready to move higher. The company’s 21 percent earnings growth indicates an extremely oversold stock here.

    • Bill O'Reilly Interviews Wall Street Expert to Help YOU Achieve the American Dream

      "We're going to bring back the American Dream... bigger, better, bolder, richer, safer, and stronger than ever before." - President Donald Trump

      During Trump's first term, 8 million Americans became millionaires despite constant resistance from Democrats and even some Republicans in his cabinet.

      Now, with Republicans controlling both houses and the Fed cutting rates, everything is aligned for even greater growth.

      Bill O'Reilly interviews investment expert Alexander Green who reveals details on 6 stocks with the potential to soar under Trump's pro-business policies.

      Get the Details Right Here

    While the company’s retail operations are a reason for caution, the company’s manufacturing and design work for various brands ensures that it will continue to make a profit no matter what changes occur in fashion trends.

    Shares look attractive up to $30.00.

  • Special: O'Reilly Interviews Wall Street Expert: 3 Stocks That Could Soar Under Trump