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Weekly CEO Buys Highlight

Details the CEO buys this past week for the following companies: Guess?, First Citizens BancShares, Odonate Therapeutics, G-III Apparel Group, and PBF Energy.

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Joy Hu
Jun 24, 2019
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According to GuruFocus Insider Data, these are the largest CEO buys during the past week.

Guess? Inc. CEO bought 347,353 shares

Guess? Inc. (

GES, Financial) CEO and Director Carlos Alberini bought 347,353 shares on June 13 at a price of $14.32. The price of the stock has increased by 3.91% since.

Guess designs, markets, distributes and licenses contemporary apparel and accessories that reflect European fashion sensibilities under brands including Guess, Marciano and G by Guess. Apparel is sold both through wholesale accounts and retail storefronts with over 1,600 stores and concessions, operated directly and through licensees. The company has a global presence, with about 42% of revenue generated in the Americas. The company has a market cap of $1.07 billion. Its shares traded at $14.88 with a price-earnings ratio of 93.00 as of June 21.

Net loss for the first quarter of fiscal 2020 was $21.4 million compared to $21.2 million for the first quarter of fiscal 2019.

Director Gianluca Bolla bought 10,000 shares on June 12 at a price of $14.73. The price of the stock has increased by 1.02% since.

First Citizens BancShares CEO bought 6,293 shares

First Citizens BancShares Inc. (

FCNCA, Financial) Chairman, CEO and 10% Owner Frank B. Holding Jr. bought 6,293 shares on June 17 at a price of $375.00. The price of the stock has increased by 16.06% since.

First Citizens BancShares is the bank holding company of First Citizens Bank & Trust Company. FCB was founded as the Bank of Smithfield in North Carolina and has expanded through both de novo branching and acquisitions. FCB currently operates in nearly half of the continental United States, but principally takes deposits in the Carolinas. The bank's operations have historically been influenced by the Holding family, which has traditionally held executive and director positions, as well as controlling a large percentage of its outstanding stock. FCB provides a wide range of retail and commercial banking services, including traditional lending and deposit-taking, as well as trust and wealth management. FCB's main source of revenue is net interest income. The company has a market cap of $4.88 billion. Its shares traded at $435.23 with a price-earnings ratio of 12.50 as of June 21.

Net income for the first quarter of 2019 was $111.4 million compared to $100.2 million for the prior-year period.

Holding bought 200 shares on June 14 at a price of $370.55. The price of the stock has increased by 17.46% since.

Chief Financial Officer Craig L. Nix bought 2 shares on June 6 at a price of $439.9. The price of the stock has decreased by 1.06% since.

10% Owner Olivia Britton Holding bought 2,250 shares on June 17 at a price of $375. The price of the stock has increased by 16.06% since.

Odonate Therapeutics CEO bought 50,000 shares

Odonate Therapeutics Inc. (

ODT, Financial) CEO and 10% Owner Kevin C. Tang bought 50,000 shares on June 18 at a price of $26.15. The price of the stock has increased by 8.11% since.

Odonate Therapeutics is a pharmaceutical company engaged in the development of therapeutics which improves and extend the lives of patients with cancer. It is developing tesetaxel, a chemotherapy agent used in the treatment of cancer. The company has a market cap of $756.13 million. Its shares traded at $28.27 as of June 21.

Net loss for the first quarter of 2019 was $28.65 million compared to $16.88 million for the comparable period of 2018.

Tang bought 93,692 shares on June 5 at a price of $24.92 and 76,308 shares on June 7 at a price of $27.36. The price of the stock has increased by 3.33% since.

G-III Apparel Group CEO bought 40,479 shares

G-III Apparel Group Ltd. (

GIII, Financial) CEO and 10% Owner Morris Goldfarb bought 40,479 shares on June 13 at a price of $25.39. The price of the stock has increased by 9.85% since.

G-III Apparel Group makes a wide range of apparel, footwear, and accessories that it sells under its own brands, licensed brands, and private-label brands. Licenses are core to the company's business and come from well-known apparel brands, professional sports leagues, and over 100 colleges and universities. Most of the company's sales are to department stores, but the company also operates retail stores for some of its proprietary brands, such as Wilson's Leather and G.H. Bass. Other proprietary brands include Andrew Marc, Marc New York, Jessica Howard, Eliza J, and Black Rivet. The company has a market cap of $1.37 billion. Its shares traded at $27.89 with a price-earnings ratio of 9.99 as of June 21.

Net income for the first quarter of fiscal 2020 was $12.0 million compared to $9.9 million in the prior year’s comparable period.

PBF Energy CEO bought 40,000 shares

PBF Energy Inc. (

PBF, Financial) CEO Thomas J. Nimbley bought 40,000 shares on June 14 at a price of $23.76. The price of the stock has increased by 19.95% since.

PBF Energy is an independent petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants, and other petroleum products in the United States. The company owns refineries in Ohio, Delaware, New Jersey, and Louisiana. Each of the company's refining facilities specializes in the processing of either light, medium, or heavy crude oil. PBF products are sold throughout the Northeast, Midwest, and Gulf Coast of the United States, and in different regions of Canada. In connection with refining facilities, the company also engages in receiving, handling, transferring, and storing crude oil through subsidiary PBFX. The company has a market cap of $3.45 billion. Its shares traded at $28.50 with a price-earnings ratio of 10.37 as of June 21.

Net income for the first quarter of 2019 was $241.4 million compared to net income of $41.8 million for the first quarter of 2018.

Inversora Carso, S.A. de C.V. bought 1,609,796 shares on May 24 at a price of $28.95. The price of the stock has decreased by 1.55% since.

For the complete list of stocks that bought by their company CEOs, go to: CEO Buys.

Disclosure: I do not own stock in any of the companies mentioned.

  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

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Joy Hu