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Gordman's Stores CFO Buys $18K of shares on December 17, 2013

MICHAEL JAMES, CFO of Gordman’s Stores, bought 2,500 shares of Gordman’s Stores (Stock Symbol: GMAN) at $7.1 per share for a total amount of $18 thousand on December 17, 2013.

Gordman’s Stores is located in Omaha, Nebraska.

On December 2nd 2013, Gordman’s Stores announced quarterly results. Net sales for the thirteen weeks ended November 2, 2013 increased 5.8% to $151.3 million from $143.1 million for the thirteen weeks ended October 27, 2012. Net income for the third quarter of fiscal 2013 was $1.1 million, or $0.06 per diluted share, compared to net income of $4.0 million, or $0.21 per diluted share, in the third quarter of fiscal 2012.

According to Capital IQ, Gordman’s Stores has a market cap of $156 million, an enterprise value of $208 million, and trailing 12 month revenues of $630 million.

Net sales for the thirteen weeks ended November 2, 2013 increased 5.8% to $151.3 million from $143.1 million for the thirteen weeks ended October 27, 2012. Net income for the third quarter of fiscal 2013 was $1.1 million, or $0.06 per diluted share, compared to net income of $4.0 million, or $0.21 per diluted share, in the third quarter of fiscal 2012.

Gordmans Stores, Inc. is an everyday value price department store retailer featuring a selection of brands, fashions and styles at up to 60% of department and specialty store prices every day. The Company’s merchandise assortment includes apparel for all ages, accessories, footwear and home fashions. As of February 2, 2013, the Company operated 83 stores under the trade name Gordmans located in 18 states situated in a variety of shopping center formats, including regional enclosed shopping malls, lifestyle centers and power centers. The stores are comprised of 66 prototype locations with an average age and size of seven years and 54,000 square feet, respectively, and 17 legacy locations with an average age and size of 24 years and 68,400 square feet, respectively. The Company competes with Macy’s, Dillard’s, Kohl’s, J.C. Penney, Target, Wal-Mart, Old Navy, T.J. Maxx, Ross Stores and Stein Mart.

Michael James’s most recent annual compensation from Gordman’s is a salary of $272,000. Mr. James is 52 years old.

According to the biography, Mr. Michael D. James serves as Chief Financial Officer, Senior Vice President, Treasurer, Assistant Secretary of Gordmans Stores Inc. He joined the Company in 2006 and is Senior Vice President, Chief Financial Officer, Treasurer and Assistant Secretary. Prior to joining Gordmans, Mr. James was the Chief Financial Officer of AMCON Distributing Company from 1994 to 2006. His work experience also includes various positions at the firm now known as PricewaterhouseCoopers where he practiced as a Certified Public Accountant from 1984 to 1994.

All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com .
About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.


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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.