While G-III Apparel Group Ltd. has overperformed by 3.81%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, GIII rose by 100.24%, with highs and lows ranging from $35.68 to $13.59, whereas the simple moving average jumped by 33.04% in the last 200 days.
On January 16, 2024, Wells Fargo Downgraded G-III Apparel Group Ltd. (NASDAQ: GIII) to Underweight. A report published by Telsey Advisory Group on December 02, 2022, Reiterated its previous ‘Market Perform’ rating for GIII. Piper Sandler also Downgraded GIII shares as ‘Neutral’, setting a target price of $22 on the company’s shares in a report dated December 01, 2022. CL King December 01, 2022d the rating to Neutral on December 01, 2022, and set its price target from $28 to $22. Piper Sandler initiated its ‘Overweight’ rating for GIII, as published in its report on July 22, 2022. KeyBanc Capital Markets’s report from July 21, 2022 suggests a price prediction of $27 for GIII shares, giving the stock a ‘Overweight’ rating. Wells Fargo also rated the stock as ‘Equal Weight’.
Analysis of G-III Apparel Group Ltd. (GIII)
Further, the quarter-over-quarter decrease in sales is -1.04%, showing a negative trend in the upcoming months.
G-III Apparel Group Ltd.’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of -7.28% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.86, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
The average volume for any stock is also a very valuable indicator of volatility, and GIII has an average volume of 649.37K. On a monthly basis, the volatility of the stock is set at 3.67%, whereas on a weekly basis, it is put at 4.61%, with a gain of 1.65% over the past seven days. Furthermore, long-term investors anticipate a median target price of $30.33, showing decline from the present price of $33.27, which can serve as yet another indication of whether GIII is worth investing in or should be passed over.
How Do You Analyze G-III Apparel Group Ltd. Shares?
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 12.42%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 97.20% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
GIII shares are owned by institutional investors to the tune of 97.20% at present.
