While G-III Apparel Group Ltd. has overperformed by 1.59%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, GIII rose by 80.14%, with highs and lows ranging from $35.68 to $14.49, whereas the simple moving average jumped by 6.48% in the last 200 days.
On March 15, 2024, Telsey Advisory Group Reiterated G-III Apparel Group Ltd. (NASDAQ: GIII) to Market Perform. A report published by Barclays on March 04, 2024, Downgraded its rating to ‘Underweight’ for GIII. Wells Fargo also Downgraded GIII shares as ‘Underweight’, setting a target price of $24 on the company’s shares in a report dated January 16, 2024. Telsey Advisory Group Reiterated the rating as Market Perform on December 02, 2022, but set its price target from $22 to $14. Piper Sandler December 01, 2022d its ‘Overweight’ rating to ‘Neutral’ for GIII, as published in its report on December 01, 2022. CL King’s report from December 01, 2022 suggests a price prediction of $22 for GIII shares, giving the stock a ‘Neutral’ rating. Piper Sandler also rated the stock as ‘Overweight’.
Analysis of G-III Apparel Group Ltd. (GIII)
Further, the quarter-over-quarter decrease in sales is -10.49%, showing a negative trend in the upcoming months.
One of the most important indicators of G-III Apparel Group Ltd.’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 12.00% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.30, 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.
For any stock, average volume can also provide valuable insight into volatility, and GIII is recording 661.14K average volume. On a monthly basis, the volatility of the stock is set at 3.69%, whereas on a weekly basis, it is put at 2.33%, with a loss of -2.67% over the past seven days. Furthermore, long-term investors anticipate a median target price of $27.60, showing decline from the present price of $28.03, 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?
The Apparel Manufacturing market is dominated by G-III Apparel Group Ltd. (GIII) based in the USA. When comparing G-III Apparel Group Ltd. shares with other companies under Consumer Cyclical, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 7.42, there is a growth in quarterly earnings of 111.07%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. 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 98.10% 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 98.10% at present.
