In yesterday’s Wall Street session, G-III Apparel Group Ltd. (NASDAQ:GIII) shares traded at $15.02, down -5.18% from the previous session.
As of this writing, 6 analysts cover G-III Apparel Group Ltd. (NASDAQ:GIII). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $18.00 and a low of $13.00, we find $16.00. Given the previous closing price of $15.84, this indicates a potential upside of 1.01 percent. GIII stock price is now -4.68% away from the 50-day moving average and -19.28% away from the 200-day moving average. The market capitalization of the company currently stands at $713.75M.
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There are 5 analysts who have given it a hold rating, whereas 1 have given it a buy rating. Brokers who have rated the stock have averaged $15.67 as their price target over the next twelve months.
With the price target reduced from $22 to $14, Telsey Advisory Group maintained Market Perform rating for G-III Apparel Group Ltd. (NASDAQ: GIII). On December 01, 2022, Piper Sandler Downgraded its previous ‘Overweight’ rating to ‘Neutral’ on the stock reducing its target price from $28 to quote $22, while ‘CL King’ rates the stock as ‘Neutral’.
In other news, GOLDFARB MORRIS, CEO bought 250,000 shares of the company’s stock on Dec 05. The stock was bought for $3,135,000 at an average price of $12.54. Upon completion of the transaction, the CEO now directly owns 2,094,964 shares in the company, valued at $31.47 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 05, Executive Vice President Goldfarb Jeffrey David bought 19,000 shares of the business’s stock. A total of $246,240 was incurred on buying the stock at an average price of $12.96. This leaves the insider owning 491,631 shares of the company worth $7.38 million. Insiders disposed of 458,715 shares of company stock worth roughly $6.89 million over the past 1 year. A total of 5.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in GIII stock. A new stake in G-III Apparel Group Ltd. shares was purchased by MADISON AVENUE PARTNERS, LP during the first quarter worth $28,173,000. KETTLE HILL CAPITAL MANAGEMENT, LLC invested $6,769,000 in shares of GIII during the first quarter. In the first quarter, TOWERVIEW LLC acquired a new stake in G-III Apparel Group Ltd. valued at approximately $3,117,000. GSA CAPITAL PARTNERS LLP acquired a new stake in GIII for approximately $2,706,000. LANDSCAPE CAPITAL MANAGEMENT, L.L.C. purchased a new stake in GIII valued at around $2,256,000 in the second quarter. In total, there are 301 active investors with 93.50% ownership of the company’s stock.
Monday morning saw G-III Apparel Group Ltd. (NASDAQ: GIII) opened at $15.41. During the past 12 months, G-III Apparel Group Ltd. has had a low of $11.60 and a high of $31.70. As of last week, the company has a debt-to-equity ratio of 0.54, a current ratio of 3.10, and a quick ratio of 1.70. The fifty day moving average price for GIII is $15.76 and a two-hundred day moving average price translates $18.61 for the stock.
The latest earnings results from G-III Apparel Group Ltd. (NASDAQ: GIII) was released for Oct, 2022. According to the Apparel Manufacturing Company, earnings per share came in at $1.35, missing analysts’ expectations of $1.84 by -0.49. This compares to $2.15 EPS in the same period last year. The net profit margin was 5.70% and return on equity was 11.20% for GIII. The company reported revenue of $1.08 billion for the quarter, compared to $1.02 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.2 percent. For the current quarter, analysts expect GIII to generate $770.72M in revenue.
G-III Apparel Group Ltd.(GIII) Company Profile
G-III Apparel Group, Ltd. designs, sources, and markets women’s and men’s apparel in the United States and internationally. The company operates through two segments, Wholesale Operations and Retail Operations. Its products include outerwear, dresses, sportswear, swimwear, women’s suits, and women’s performance wear; and women’s handbags, footwear, small leather goods, cold weather accessories, and luggage. The company markets apparel and other products under the proprietary brand names, including DKNY, Donna Karan, Vilebrequin, Eliza J, Jessica Howard, Andrew Marc, Marc New York, Sonia Rykiel, Black Rivet, G-III Sports by Carl Banks, and G-III for Her; and licensed brands, such as Calvin Klein, Tommy Hilfiger, Karl Lagerfeld Paris, Levi’s, Guess?, Kenneth Cole, Cole Haan, Vince Camuto, and Dockers. It has licenses with the National Football League, Major League Baseball, National Basketball Association, Major League Baseball, and National Hockey League, as well as approximately 150 U.S. colleges and universities. The company offers its products to department, specialty, and mass merchant retail stores. As of January 31, 2022, it operated 96 Vilebrequin retail stores; 60 DKNY and Karl Lagerfeld Paris stores; and 26 DKNY stores. The company also sells its products online. G-III Apparel Group, Ltd. was founded in 1956 and is headquartered in New York, New York.
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