Do investors need to be concerned about G-III Apparel Group Ltd. (GIII)?

While G-III Apparel Group Ltd. has overperformed by 2.67%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, GIII rose by 27.52%, with highs and lows ranging from $35.68 to $20.66, whereas the simple moving average jumped by 5.52% in the last 200 days.

On Oct-10-24, Guggenheim started tracking G-III Apparel Group Ltd. (NASDAQ: GIII) recommending Buy. A report published by Telsey Advisory Group on September 06, 2024, Reiterated its previous ‘Market Perform’ rating for GIII. Telsey Advisory Group also reiterated GIII shares as ‘Market Perform’, quoting a target price of $29 on the company’s shares in a report dated March 15, 2024. Barclays March 04, 2024d the rating to Underweight on March 04, 2024, and set its price target from $30 to $23. Wells Fargo January 16, 2024d its ‘Equal Weight’ rating to ‘Underweight’ for GIII, as published in its report on January 16, 2024. Telsey Advisory Group’s report from December 02, 2022 suggests a price prediction of $14 for GIII shares, giving the stock a ‘Market Perform’ rating. Piper Sandler also rated the stock as ‘Neutral’.

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Analysis of G-III Apparel Group Ltd. (GIII)

Further, the quarter-over-quarter decrease in sales is -2.27%, 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 12.89% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.80, 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 552.52K. On a monthly basis, the volatility of the stock is set at 3.20%, whereas on a weekly basis, it is put at 3.29%, with a gain of 4.18% over the past seven days. Furthermore, long-term investors anticipate a median target price of $31.50, showing growth from the present price of $30.40, 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?

Apparel Manufacturing giant G-III Apparel Group Ltd. (GIII) is based in the USA and is one of the largest companies in the market. 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 7.58, there is a growth in quarterly earnings of 50.79%.

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 13.50%. 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 101.15% 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 101.15% at present.

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