III US, +1

III US, +1

2019-07-03T11:18:37+00:00June 17th, 2019|Stock of the Week|

G-III Apparel Group – (III US, +1) – Morris Goldfarb (CEO, Chairman; joined at formation in 1974) purchased 40,479 shares on June 13 at $25.39, spending $1 million. This purchase takes his holdings to 4.1 million shares and is a reversal from a timely, large sale of 770,000 shares in June 2018 at $47. Goldfarb is a “Smart Buyer” based on several purchases in this stock dating back to 1995. His last three purchases, December 2008 at $2.50, September 2011 at $11.60 and April 2017 at $22 were all particularly timely. While this purchase is modest relative to his sale a year ago, it is his largest single purchase. We are ranking the stock +1.