G-III Apparel Group Ltd. [GIII] stock prices are up 3.67% to $28.80 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The GIII shares have gain 2.31% over the last week, with a monthly amount drifted -14.41%, and not seem to be holding up well over a long-time horizon.
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On 14, March 2024, G-III Apparel Group, Ltd. Reports Fourth Quarter and Full-Year Fiscal 2024 Results; Provides Fiscal 2025 Outlook. In a post published today on Yahoo Finance, Net Sales of $3.10 Billion for Fiscal Year 2024 Compared to $3.23 Billion Last Year.
From an analyst’s perspective:
G-III Apparel Group Ltd. [NASDAQ: GIII] stock has seen the most recent analyst activity on March 15, 2024, when Telsey Advisory Group reiterated its Market Perform rating and also revised its price target to $29 from $30. Previously, Barclays downgraded its rating to Underweight on March 04, 2024, and dropped its price target to $23. On January 16, 2024, downgrade downgraded it’s rating to Underweight and revised its price target to $24 on the stock. Telsey Advisory Group reiterated its Market Perform rating and decreased its price target to $14 on December 02, 2022. Piper Sandler downgraded its rating to a Neutral and reduced its price target to $22 on December 01, 2022. CL King downgraded its rating to Neutral for this stock on December 01, 2022, and downed its price target to $22.
The stock price of G-III Apparel Group Ltd. [GIII] has been fluctuating between $13.94 and $35.68 over the past year. Currently, Wall Street analysts expect the stock to reach $19.4 within the next 12 months. G-III Apparel Group Ltd. [NASDAQ: GIII] shares were valued at $28.80 at the most recent close of the market. An investor can expect a potential drop of -32.64% based on the average GIII price forecast.
Analyzing the GIII fundamentals
The G-III Apparel Group Ltd. [NASDAQ:GIII] reported sales of 3.10B for trailing twelve months, representing a drop of -10.49%. Gross Profit Margin for this corporation currently stands at 0.4% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.08%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.12 and Total Capital is 0.11. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.27.
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 28.04 points at the first support level, and at 27.29 for the second support level. However, for the 1st resistance point, the stock is sitting at 29.26, and for the 2nd resistance point, it is at 29.73.
G-III Apparel Group Ltd. [GIII] reported earnings per share of $0.76 for its fiscal quarter that ended on 1/30/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.67/share, meaning a difference of $0.09 and a surprise factor of 13.40%. By comparison, the stated earnings for the previous quarter ended on 10/30/2023 were $2.78 per share as compared to estimates of $2.06 per share, a difference of $0.72 representing a surprise of 35.00%.
Ratios To Look Out For
It’s worth pointing out that G-III Apparel Group Ltd. [NASDAQ:GIII]’s Current Ratio is 3.36. Further, the Quick Ratio stands at 2.30. Considering the valuation of this stock, the price to sales ratio is 0.43, the price to book ratio is 0.85 and price to earnings (TTM) ratio is 7.63.
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.
