A share price of G-III Apparel Group Ltd. [GIII] is currently trading at $30.38, up 2.98%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The GIII shares have gain 3.04% over the last week, with a monthly amount drifted -3.95%, and not seem to be holding up well over a long-time horizon.
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On 7, March 2024, G-III Apparel Group Announces Date for Fourth Quarter and Full Fiscal Year 2024 Results. In a post published today on Yahoo Finance, G-III Apparel Group, Ltd. (NASDAQ: GIII) a global leader in fashion with expertise in design, sourcing, and marketing, today announced that it will release its fourth quarter and full fiscal year 2024 earnings before the market opens on Thursday, March 14, 2024. Management will host a conference call to discuss results at 8:30 a.m. ET that same day, followed by a question and answer session for the investment community.
From an analyst’s perspective:
G-III Apparel Group Ltd. [NASDAQ: GIII] stock has seen the most recent analyst activity on March 04, 2024, when Barclays downgraded its rating to a Underweight and also revised its price target to $23 from $30. Previously, Wells Fargo downgraded its rating to Underweight on January 16, 2024, and dropped its price target to $24. On December 02, 2022, Telsey Advisory Group reiterated its Market Perform rating and revised its price target to $14 on the stock. Piper Sandler downgraded its rating to a Neutral and decreased its price target to $22 on December 01, 2022. CL King downgraded its rating to a Neutral and reduced its price target to $22 on December 01, 2022. In a note dated July 21, 2022, KeyBanc Capital Markets initiated an Overweight rating and provided a target price of $27 on this stock.
G-III Apparel Group Ltd. experienced fluctuations in its stock price throughout the past year 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 $30.38 at the most recent close of the market. An investor can expect a potential drop of -49.97% based on the average GIII price forecast.
Analyzing the GIII fundamentals
Trailing Twelve Months sales for G-III Apparel Group Ltd. [NASDAQ:GIII] were 3.19B which represents -1.04% decline. Gross Profit Margin for this corporation currently stands at 0.39% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at -0.03%, and Net Profit Margin reading is -0.04%. To continue investigating profitability, this company’s Return on Assets is posted at -0.04, Equity is -0.08 and Total Capital is 0.14. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.24.
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 29.76 points at the first support level, and at 29.14 for the second support level. However, for the 1st resistance point, the stock is sitting at 30.75, and for the 2nd resistance point, it is at 31.12.
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
To put it in perspective, the Current Ratio for G-III Apparel Group Ltd. [NASDAQ:GIII] is 2.84. Also, the Quick Ratio is 1.86, while the Cash Ratio stands at 0.33. Considering the valuation of this stock, the price to sales ratio is 0.44, the price to book ratio is 0.92.
Transactions by insiders
Recent insider trading involved NACKMAN NEAL, Chief Financial Officer/Treas, that happened on Dec 15 ’23 when 31762.0 shares were sold. Director, POMERANTZ LAURA H completed a deal on Oct 16 ’23 to sell 10904.0 shares. Meanwhile, Director FELLER ALAN sold 10000.0 shares on Sep 11 ’23.
