G-III Apparel Group Ltd. (NASDAQ: GIII) has a price-to-earnings ratio of 7.89x that is above its average ratio. Additionally, the 36-month beta value for GIII is 2.19. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 1 rating it as “overweight,” 2 rating it as “hold,” and 1 rating it as “sell.”
The public float for GIII is 38.90M and currently, short sellers hold a 9.24% ratio of that float. The average trading volume of GIII on September 05, 2024 was 613.83K shares.
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GIII) stock’s latest price update
G-III Apparel Group Ltd. (NASDAQ: GIII)’s stock price has gone rise by 20.77 in comparison to its previous close of 25.04, however, the company has experienced a 17.25% increase in its stock price over the last five trading days. zacks.com reported 2024-09-05 that G-III Apparel Group (GIII) came out with quarterly earnings of $0.52 per share, beating the Zacks Consensus Estimate of $0.28 per share. This compares to earnings of $0.40 per share a year ago.
GIII’s Market Performance
G-III Apparel Group Ltd. (GIII) has seen a 17.25% rise in stock performance for the week, with a 23.53% gain in the past month and a -3.39% plunge in the past quarter. The volatility ratio for the week is 3.03%, and the volatility levels for the past 30 days are at 2.85% for GIII. The simple moving average for the last 20 days is 18.45% for GIII’s stock, with a simple moving average of 4.94% for the last 200 days.
Analysts’ Opinion of GIII
Many brokerage firms have already submitted their reports for GIII stocks, with Telsey Advisory Group repeating the rating for GIII by listing it as a “Market Perform.” The predicted price for GIII in the upcoming period, according to Telsey Advisory Group is $29 based on the research report published on March 15, 2024 of the current year 2024.
Barclays, on the other hand, stated in their research note that they expect to see GIII reach a price target of $23, previously predicting the price at $30. The rating they have provided for GIII stocks is “Underweight” according to the report published on March 04th, 2024.
Wells Fargo gave a rating of “Underweight” to GIII, setting the target price at $24 in the report published on January 16th of the current year.
GIII Trading at 16.17% from the 50-Day Moving Average
After a stumble in the market that brought GIII to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -15.25% of loss for the given period.
Volatility was left at 2.85%, however, over the last 30 days, the volatility rate increased by 3.03%, as shares surge +23.84% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.59% upper at present.
During the last 5 trading sessions, GIII rose by +15.92%, which changed the moving average for the period of 200-days by +9.87% in comparison to the 20-day moving average, which settled at $25.82. In addition, G-III Apparel Group Ltd. saw -11.01% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at GIII starting from NACKMAN NEAL, who sale 31,762 shares at the price of $35.29 back on Dec 15 ’23. After this action, NACKMAN NEAL now owns 55,977 shares of G-III Apparel Group Ltd., valued at $1,120,881 using the latest closing price.
POMERANTZ LAURA H, the Director of G-III Apparel Group Ltd., sale 10,904 shares at $24.21 during a trade that took place back on Oct 16 ’23, which means that POMERANTZ LAURA H is holding 20,166 shares at $263,986 based on the most recent closing price.
Stock Fundamentals for GIII
Current profitability levels for the company are sitting at:
- 0.1 for the present operating margin
- 0.4 for the gross margin
The net margin for G-III Apparel Group Ltd. stands at 0.06. The total capital return value is set at 0.11. Equity return is now at value 12.33, with 6.98 for asset returns.
Based on G-III Apparel Group Ltd. (GIII), the company’s capital structure generated 0.21 points at debt to capital in total, while cash flow to debt ratio is standing at 1.02. The debt to equity ratio resting at 0.27. The interest coverage ratio of the stock is 16.11.
Currently, EBITDA for the company is 317.62 million with net debt to EBITDA at -0.0. When we switch over and look at the enterprise to sales, we see a ratio of 0.45. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.79.
Conclusion
In conclusion, G-III Apparel Group Ltd. (GIII) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
