At the time of writing, G-III Apparel Group Ltd. [GIII] stock is trading at $33.51, up 0.84%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The GIII shares have gain 5.68% over the last week, with a monthly amount glided 9.01%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
On 12, February 2024, DKNY SPRING 2024: KAIA GERBER DEFINES A NEW DAY AT DKNY. In a post published today on Yahoo Finance, In a bold move echoing the spirit of a new generation, DKNY reveals Kaia Gerber as the new face of the brand, infusing the Spring 2024 Campaign with a fresh energy that sets the stage for a new era of iconic American style with a New York edge. With a renewed focus on classic design codes reimagined for the next generation, this spring, DKNY is a manifesto of all things new—from an elevated collection and cutting-edge designs to a redesigned logo and a captivating new face—it’s the dawn of a new day at DKNY.
From an analyst’s perspective:
G-III Apparel Group Ltd. [NASDAQ: GIII] stock has seen the most recent analyst activity on January 16, 2024, when Wells Fargo downgraded its rating to a Underweight and also revised its price target to $24 from $30. Previously, Telsey Advisory Group reaffirmed its Market Perform rating on December 02, 2022, and dropped its price target to $14. On December 01, 2022, downgrade downgraded it’s rating to Neutral and revised its price target to $22 on the stock. CL King downgraded its rating to a Neutral and decreased its price target to $22 on December 01, 2022. KeyBanc Capital Markets started tracking with a Overweight rating for this stock on July 21, 2022, and assigned it a price target of $27. In a note dated July 11, 2022, Wells Fargo initiated an Equal Weight rating and provided a target price of $20 on this stock.
For the past year, the stock price of G-III Apparel Group Ltd. fluctuated between $13.59 and $35.68. Currently, Wall Street analysts expect the stock to reach $15.2 within the next 12 months. G-III Apparel Group Ltd. [NASDAQ: GIII] shares were valued at $33.51 at the most recent close of the market. An investor can expect a potential drop of -54.64% based on the average GIII price forecast.
Analyzing the GIII fundamentals
According to G-III Apparel Group Ltd. [NASDAQ:GIII], the company’s sales were 3.19B for trailing twelve months, which represents an -1.04% plunge. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 32.68 points at the first support level, and at 31.85 for the second support level. However, for the 1st resistance point, the stock is sitting at 34.41, and for the 2nd resistance point, it is at 35.31.
G-III Apparel Group Ltd. [GIII] reported earnings per share of $2.78 for its fiscal quarter that ended on 10/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $2.06/share, meaning a difference of $0.72 and a surprise factor of 35.00%. By comparison, the stated earnings for the previous quarter ended on 7/30/2023 were $0.4 per share as compared to estimates of $0.01 per share, a difference of $0.39 representing a surprise of 3,900.00%.
Ratios To Look Out For
It is important to note that G-III Apparel Group Ltd. [NASDAQ:GIII] has a current ratio of 2.84. As well, the Quick Ratio is 1.86, while the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 0.48, the price to book ratio is 1.02.
Transactions by insiders
Recent insider trading involved NACKMAN NEAL, Chief Financial Officer/Treas, that happened on Dec 15 when 31762.0 shares were sold. Director, POMERANTZ LAURA H completed a deal on Oct 16 to sell 10904.0 shares. Meanwhile, Director FELLER ALAN sold 10000.0 shares on Sep 11.
