Market cap of G-III Apparel Group Ltd. [GIII] reaches 626.60M – now what?

G-III Apparel Group Ltd. [NASDAQ: GIII] jumped around 0.29 points on Thursday, while shares priced at $14.10 at the close of the session, up 2.10%. The company report on November 30, 2022 that G-III Apparel Group, Ltd. Announces Third Quarter Fiscal 2023 Results and Extension of Calvin Klein and Tommy Hilfiger Licenses.


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— Net Sales of $1.08 Billion for the Third Quarter Compared to $1.02 Billion Last Year —— Net Income Per Diluted Share of $1.26 for the Third Quarter Compared to $2.16 Last Year —— Non-GAAP Net Income Per Diluted Share of $1.35 for the Third Quarter Compared to $2.18 Last Year —— G-III Updates Guidance for Fiscal Year 2023 —— G-III Announces the Extension of Calvin Klein and Tommy Hilfiger Licenses —.

G-III Apparel Group, Ltd. (NasdaqGS: GIII), a global fashion leader with expertise in design, sourcing, and manufacturing, today announced operating results for the third quarter of fiscal 2023, ended October 31, 2022.

G-III Apparel Group Ltd. stock is now -48.99% down from its year-to-date (YTD) trading value. GIII Stock saw the intraday high of $14.80 and lowest of $13.94 per share. The company’s 52-week high price is 31.70, which means current price is +21.55% above from all time high which was touched on 03/21/22.

Compared to the average trading volume of 1.05M shares, GIII reached a trading volume of 2828048 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about G-III Apparel Group Ltd. [GIII]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GIII shares is $18.33 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GIII stock is a recommendation set at 2.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Telsey Advisory Group have made an estimate for G-III Apparel Group Ltd. shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on December 02, 2022. While these analysts kept the previous recommendation, Piper Sandler dropped their target price from $28 to $22. The new note on the price target was released on December 01, 2022, representing the official price target for G-III Apparel Group Ltd. stock. Previously, the target price had yet another drop from $28 to $22, while CL King kept a Neutral rating on GIII stock.

The Average True Range (ATR) for G-III Apparel Group Ltd. is set at 1.40, with the Price to Sales ratio for GIII stock in the period of the last 12 months amounting to 0.20. The Price to Book ratio for the last quarter was 0.43, with the Price to Cash per share for the same quarter was set at 3.40. Price to Free Cash Flow for GIII in the course of the last twelve months was 4.82 with Quick ratio for the last quarter at 0.90.

How has GIII stock performed recently?

G-III Apparel Group Ltd. [GIII] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 17.79. With this latest performance, GIII shares dropped by -25.71% in over the last four-week period, additionally sinking by -44.84% over the last 6 months – not to mention a drop of -52.09% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for GIII stock in for the last two-week period is set at 36.56, with the RSI for the last a single of trading hit 34.30, and the three-weeks RSI is set at 38.74 for G-III Apparel Group Ltd. [GIII]. The present Moving Average for the last 50 days of trading for this stock 17.78, while it was recorded at 13.31 for the last single week of trading, and 22.17 for the last 200 days.

G-III Apparel Group Ltd. [GIII]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and G-III Apparel Group Ltd. [GIII] shares currently have an operating margin of +11.30 and a Gross Margin at +34.72. G-III Apparel Group Ltd.’s Net Margin is presently recorded at +7.25.

Return on Equity for this stock inclined to 14.05, with Return on Assets sitting at 7.75.

G-III Apparel Group Ltd.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 2.30.

Earnings analysis for G-III Apparel Group Ltd. [GIII]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for GIII. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for G-III Apparel Group Ltd. go to -10.70%.

Insider trade positions for G-III Apparel Group Ltd. [GIII]

There are presently around $606 million, or 92.80% of GIII stock, in the hands of institutional investors. The top three institutional holders of GIII stocks are: BLACKROCK INC. with ownership of 7,635,867, which is approximately -1.652% of the company’s market cap and around 6.70% of the total institutional ownership; VANGUARD GROUP INC, holding 4,768,968 shares of the stock with an approximate value of $67.24 million in GIII stocks shares; and DIMENSIONAL FUND ADVISORS LP, currently with $46.98 million in GIII stock with ownership of nearly -3.975% of the company’s market capitalization.

Positions in G-III Apparel Group Ltd. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 107 institutional holders increased their position in G-III Apparel Group Ltd. [NASDAQ:GIII] by around 4,072,798 shares. Additionally, 108 investors decreased positions by around 4,484,267 shares, while 30 investors held positions by with 34,427,039 shares. The mentioned changes placed institutional holdings at 42,984,104 shares, according to the latest SEC report filing. GIII stock had 31 new institutional investments in for a total of 1,777,618 shares, while 29 institutional investors sold positions of 711,363 shares during the same period.

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