G-III Apparel Group Ltd. [NASDAQ: GIII] stock went on an upward path that rose over 22.00% on Thursday, amounting to a one-week price increase of more than 18.46%.
Over the last 12 months, GIII stock rose by 57.47%. The one-year G-III Apparel Group Ltd. stock forecast points to a potential downside of -6.82. The average equity rating for GIII stock is currently 3.40, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $1.37 billion, with 45.73 million shares outstanding and 38.90 million shares in the current float. Compared to the average trading volume of 613.83K shares, GIII stock reached a trading volume of 2323776 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $28.60 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 3.40. 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 March 15, 2024. While these analysts kept the previous recommendation, Barclays dropped their target price from $30 to $23. The new note on the price target was released on March 04, 2024, representing the official price target for G-III Apparel Group Ltd. stock. Previously, the target price had yet another drop from $30 to $24, while Wells Fargo kept a Underweight rating on GIII stock. On December 02, 2022, analysts decreased their price target for GIII shares from 22 to 14.
The Average True Range (ATR) for G-III Apparel Group Ltd. is set at 1.30, with the Price to Sales ratio for GIII stock in the period of the last 12 months amounting to 0.44. The Price to Book ratio for the last quarter was 0.90, with the Price to Cash per share for the same quarter was set at 11.30. Price to Free Cash Flow for GIII in the course of the last twelve months was 3.45 with Quick ratio for the last quarter at 2.62.
GIII Stock Performance Analysis:
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 18.46. With this latest performance, GIII shares gained by 24.80% in over the last four-week period, additionally plugging by 4.27% over the last 6 months – not to mention a rise of 57.47% 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 70.66, with the RSI for the last a single of trading hit 76.27, and the three-weeks RSI is set at 65.93 for G-III Apparel Group Ltd. [GIII]. The present Moving Average for the last 50 days of trading for this stock 26.10, while it was recorded at 26.72 for the last single week of trading, and 28.83 for the last 200 days.
Insight into G-III Apparel Group Ltd. Fundamentals:
G-III Apparel Group Ltd.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.62 and a Current Ratio set at 3.79.
GIII Stock EPS
With the latest financial reports released by the company, G-III Apparel Group Ltd. posted 0.4/share EPS, while the average EPS was predicted by analysts to be reported at 0.01/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.39. 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 -9.30%.
G-III Apparel Group Ltd. [GIII] Institutonal Ownership Details
There are presently around $100.84%, or 116.62%% of GIII stock, in the hands of institutional investors. The top three institutional holders of GIII stocks are: BLACKROCK INC. with ownership of 7.69 million shares, which is approximately 16.9149%. PACER ADVISORS, INC., holding 5.27 million shares of the stock with an approximate value of $$142.57 million in GIII stocks shares; and PACER ADVISORS, INC., currently with $$129.39 million in GIII stock with ownership which is approximately 10.5087%.
