G-III Apparel Group CFO Neal Nackman Sells Over 31,000 Shares

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This marks the largest disposition of stock by the company’s CFO in over a decade. The G-III ($NASDAQ:GIII) Apparel Group caters to a wide range of markets, including men’s, women’s, and kids apparel. It has licenses with multiple major sports leagues, including the NFL, MLB, NHL, and NBA. The company’s stock is traded on the NASDAQ Global Market under the ticker symbol “GIII”.

Nackman’s stock sale follows a string of other large dispositions from the G-III Apparel Group this year. This has caused some uncertainty in the market, as the company’s stock price has dropped slightly since the news was announced. Despite this, G-III remains one of the largest apparel manufacturers and distributors in the world, and it remains to be seen how this latest stock sale will affect its future performance.

Price History

This came after the stock opened at $34.6 and closed at $33.4, a decrease of 4.4% from its previous closing price of $34.9. It is unclear why Neal Nackman sold his shares, but this may have been due to a lack of confidence in the company’s performance in the near future. Regardless of the reason, this large share sale signals a potential decrease in the stock’s value in the near future. Investors should be aware of the potential risks associated with investing in G-III APPAREL Group at this time. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for G-iii Apparel. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for G-iii Apparel. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for G-iii Apparel. More…

Key Ratios Snapshot

Some of the financial key ratios for G-iii Apparel are shown below. More…

Analysis

GoodWhale recently analyzed G-III APPAREL‘s financials and found that the company is classified as ‘gorilla’, a type of company that has achieved stable and high revenue or earnings growth due to its strong competitive advantage. This makes it an attractive investment opportunity for investors looking to benefit from high returns and relative stability. Looking at the Star Chart, G-III APPAREL has a high health score of 8/10 with regards to its cashflows and debt, indicating that it is capable of sustaining future operations in times of crisis. It is also strong in asset and profitability, and medium in growth, and weak in dividend. This could make it an attractive option for investors who are seeking a good balance of returns and safety. All in all, G-III APPAREL offers good potential returns for the right type of investor. Its strong competitive advantage and positive financial performance make it an attractive option for those looking for stability and long-term growth. More…

Peers

It is a publicly traded company that competes with other fashion companies such as Genesco Inc, AS Silvano Fashion Group, and Rocky Brands Inc. These companies specialize in producing apparel for men, women, and children. G-III Apparel Group Ltd has maintained a strong presence in the fashion industry by providing high-quality products to consumers.

– Genesco Inc ($NYSE:GCO)

Genesco Inc is a Nashville-based company that specializes in footwear, apparel, and accessories. As of 2022, the company had a market cap of 556.98 million dollars and a Return on Equity of 14.06%. The market cap is the total value of the company based on its share price and the total number of outstanding shares. The Return on Equity (ROE) is a measure of profitability that shows how much of the company’s profits are created from its equity. Genesco’s strong ROE indicates that the company is efficiently using its equity to generate profits and maximize shareholder value.

– AS Silvano Fashion Group ($LTS:0FZD)

Silvano Fashion Group is an Italian clothing company that specializes in the design and production of high-end fashion apparel. The company is well-known for its stylish and classic designs, which have been featured in many fashion magazines and runway shows. As of 2022, the company has a market cap of 39.53M, with a Return on Equity of 22.76%. This indicates that the company is well-managed, as it has been able to generate a significant amount of profits relative to its equity base, making it an attractive investment for potential investors.

– Rocky Brands Inc ($NASDAQ:RCKY)

Rocky Brands Inc is an Ohio-based footwear and apparel company that specializes in outdoor, work, and military footwear, as well as western and athletic footwear. As of 2022, the company has a market cap of 176.13M and a Return on Equity (ROE) of 14.69%. This market cap indicates the total value of the company, which is calculated by multiplying its share price by the total number of outstanding shares. The ROE is a measure of how effectively a company has used its assets to generate profits, and in Rocky Brands’ case, 14.69% suggests that the company is generating a decent return on its equity.

Summary

G-III Apparel Group, Ltd. is a global fashion company which designs, manufactures, and distributes apparel, footwear, and accessories. Recently, the company’s Chief Financial Officer, Neal Nackman, sold 31762 shares of the company’s stock. This news caused the stock price to drop the same day. Investors may view this as a sign of caution as insiders usually only sell their shares when they have concerns about the future prospects of the company.

Analysts have lowered their earnings estimates for G-III Apparel Group, Ltd. following the news of the sale. Furthermore, a decrease in stock price implies that investors are uncertain about the company’s prospects and may be reluctant to invest. Therefore, potential investors must take into consideration the current market sentiment and examine G-III Apparel Group’s financials before making an investment decision.