G-III Apparel Group (GIII) Stock Forecast, Price & News

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for G-III Apparel Group in the last year. There are currently 6 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" GIII shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GIII, but not buy additional shares or sell existing shares.
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7 brokers have issued 12-month target prices for G-III Apparel Group's stock. Their GIII share price forecasts range from $14.00 to $23.00. On average, they anticipate the company's share price to reach $19.14 in the next twelve months. This suggests that the stock has a possible downside of 5.9%.
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G-III Apparel Group's stock was trading at $13.71 at the beginning of 2023. Since then, GIII stock has increased by 48.4% and is now trading at $20.35.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, September 6th 2023.
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G-III Apparel Group, Ltd. (NASDAQ:GIII) announced its earnings results on Tuesday, June, 6th. The textile maker reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.23. The textile maker had revenue of $606.60 million for the quarter, compared to the consensus estimate of $558.33 million. G-III Apparel Group had a positive trailing twelve-month return on equity of 7.22% and a negative net margin of 5.10%. The firm's revenue was down 11.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.72 EPS.

ETFs with the largest weight of G-III Apparel Group (NASDAQ:GIII) stock in their portfolio include Invesco S&P SmallCap 600 Pure Value ETF (RZV), Invesco S&P SmallCap Consumer Discretionary ETF (PSCD), Invesco S&P SmallCap 600 Revenue ETF (RWJ).Syntax Stratified SmallCap ETF (SSLY),

G-III Apparel Group's stock split on Monday, May 4th 2015. The 2-1 split was announced on Tuesday, April 7th 2015. The newly issued shares were issued to shareholders after the market closes on Friday, May 1st 2015. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

G-III Apparel Group updated its FY 2024 earnings guidance on Wednesday, June, 7th. The company provided EPS guidance of $2.80-$2.90 for the period, compared to the consensus earnings per share estimate of $2.54. The company issued revenue guidance of $3.29 billion-$3.29 billion, compared to the consensus revenue estimate of $3.19 billion.

116 employees have rated G-III Apparel Group Chief Executive Officer Morris Goldfarb on Glassdoor.com. Morris Goldfarb has an approval rating of 63% among the company's employees. This puts Morris Goldfarb in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. 53.0% of employees surveyed would recommend working at G-III Apparel Group to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other G-III Apparel Group investors own include Bank of America (BAC), Ciena (CIEN), Energy Transfer (ET), Boston Scientific (BSX), Advanced Micro Devices (AMD), Alibaba Group (BABA), Carnival Co. & (CCL), Gilead Sciences (GILD) and Intelsat (I).

G-III Apparel Group trades on the NASDAQ under the ticker symbol "GIII."

G-III Apparel Group's stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (15.06%), Madison Avenue Partners LP (7.57%), Dimensional Fund Advisors LP (6.77%), State Street Corp (3.73%), Charles Schwab Investment Management Inc. (2.15%) and Arrowstreet Capital Limited Partnership (1.95%). Insiders that own company stock include Alan Feller, Amigo Victor Herrero, Jeffrey David Goldfarb, Laura H Pomerantz, Morris Goldfarb, Neal Nackman, Sammy Aaron, Thomas Brosig and Wayne S Miller.
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Shares of GIII stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of GIII stock can currently be purchased for approximately $20.35.

G-III Apparel Group (NASDAQ:GIII) has a market capitalization of $927.76 million and generates $3.23 billion in revenue each year. The textile maker earns $-133,060,000.00 in net income (profit) each year or ($3.47) on an earnings per share basis.

The company employs 4,700 workers across the globe.

G-III Apparel Group's mailing address is 512 SEVENTH AVE, NEW YORK NY, 10018. The official website for the company is www.giii.com. The textile maker can be reached via phone at (212) 403-0500, via email at ir@g-iii.com, or via fax at 212-403-0551.