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NASDAQ:GIII

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

$24.08
+0.10 (+0.42%)
(As of 09/25/2023 ET)
Compare
Today's Range
$23.69
$24.24
50-Day Range
$18.70
$25.24
52-Week Range
$11.60
$25.99
Volume
371,347 shs
Average Volume
570,465 shs
Market Capitalization
$1.10 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$23.14

G-III Apparel Group MarketRank™ Forecast

Analyst Rating
Hold
2.14 Rating Score
Upside/​Downside
3.9% Downside
$23.14 Price Target
Short Interest
Healthy
9.02% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.73mentions of G-III Apparel Group in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$4.77 M Sold Last Quarter
Proj. Earnings Growth
4.28%
From $3.27 to $3.41 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.09 out of 5 stars

Consumer Discretionary Sector

183rd out of 272 stocks

Apparel, Finished Products From Fabrics & Similar Materials Industry

9th out of 14 stocks


GIII stock logo

About G-III Apparel Group (NASDAQ:GIII) Stock

G-III Apparel Group, Ltd. designs, sources, and markets women's and men's apparel in the United States and internationally. The company operates through two segments, Wholesale Operations and Retail Operations. Its products include outerwear, dresses, sportswear, swimwear, women's suits, and women's performance wear; and women's handbags, footwear, small leather goods, cold weather accessories, and luggage. The company markets apparel and other products under the proprietary brands, including DKNY, Donna Karan, Karl Lagerfeld, Karl Lagerfeld Paris, Vilebrequin, G.H. Bass, Eliza J, Jessica Howard, Andrew Marc, Marc New York, Wilsons Leather, Sonia Rykiel, and G-III Sports by Carl Banks; and licensed brands, such as Calvin Klein, Tommy Hilfiger, Levi's, Guess?, Kenneth Cole, Cole Haan, Vince Camuto, Margaritaville, and Dockers. It has licenses with the National Football League, National Basketball Association, Major League Baseball, and National Hockey League, as well as approximately 150 U.S. colleges and universities. The company offers its products to department, specialty, and mass merchant retail stores. It also sells its products online. G-III Apparel Group, Ltd. was founded in 1956 and is based in New York, New York.

GIII Price History

GIII Stock News Headlines

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66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
G-III Apparel Q2 2024 Earnings Preview
G-III Apparel Group Earnings Preview
See More Headlines
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GIII Company Calendar

Last Earnings
9/07/2023
Today
9/25/2023
Next Earnings (Estimated)
11/29/2023
Fiscal Year End
1/31/2024

Industry, Sector and Symbol

Industry
Apparel, finished products from fabrics & similar materials
Sub-Industry
Apparel Accessories & Luxury Goods
Current Symbol
NASDAQ:GIII
CUSIP
36237H10
Employees
4,700
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$23.14
High Stock Price Forecast
$26.00
Low Stock Price Forecast
$17.00
Forecasted Upside/Downside
-4.2%
Consensus Rating
Hold
Rating Score (0-4)
2.14
Research Coverage
7 Analysts

Profitability

Net Income
$-133,060,000.00
Pretax Margin
-6.27%

Debt

Sales & Book Value

Annual Sales
$3.23 billion
Cash Flow
$3.53 per share
Book Value
$29.17 per share

Miscellaneous

Free Float
40,372,000
Market Cap
$1.10 billion
Optionable
Optionable
Beta
2.67

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Key Executives

  • Mr. Morris Goldfarb (Age 72)
    Chairman & CEO
    Comp: $1.29M
  • Mr. Sammy Aaron (Age 64)
    Vice Chairman & Pres
    Comp: $1.01M
  • Mr. Neal S. Nackman (Age 63)
    CFO & Treasurer
    Comp: $1.52M
  • Mr. Jeffrey D. Goldfarb (Age 46)
    Exec. VP, Director of Strategic Planning & Director
    Comp: $2.59M
  • Ms. Amy Taub Kahn
    Pres
  • Ms. Priya Trivedi
    Sr. VP of Investor Relations & Treasurer
  • Ms. Bettina Havrilla
    Sr. VP of HR
  • Mr. Wayne S. MillerMr. Wayne S. Miller (Age 65)
    Sr. Strategic Advisor
  • Mr. Jonathan Elias
    Group Pres of the Calvin Klein, Tommy Hilfiger, DKNY & Karl Lagerfeld brands
  • Mr. Marc Rothstein
    Group Pres of the Calvin Klein, Tommy Hilfiger, DKNY & Karl Lagerfeld Paris Brands













GIII Stock - Frequently Asked Questions

Should I buy or sell G-III Apparel Group stock right now?

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.
View GIII analyst ratings
or view top-rated stocks.

What is G-III Apparel Group's stock price forecast for 2023?

7 equities research analysts have issued 12 month target prices for G-III Apparel Group's stock. Their GIII share price forecasts range from $17.00 to $26.00. On average, they predict the company's stock price to reach $23.14 in the next twelve months. This suggests that the stock has a possible downside of 4.2%.
View analysts price targets for GIII
or view top-rated stocks among Wall Street analysts.

How have GIII shares performed in 2023?

G-III Apparel Group's stock was trading at $13.71 at the beginning of 2023. Since then, GIII stock has increased by 76.1% and is now trading at $24.15.
View the best growth stocks for 2023 here
.

Are investors shorting G-III Apparel Group?

G-III Apparel Group saw a decline in short interest in the month of August. As of August 31st, there was short interest totaling 3,630,000 shares, a decline of 9.3% from the August 15th total of 4,000,000 shares. Based on an average daily trading volume, of 473,800 shares, the days-to-cover ratio is presently 7.7 days. Approximately 9.0% of the shares of the company are short sold.
View G-III Apparel Group's Short Interest
.

When is G-III Apparel Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 29th 2023.
View our GIII earnings forecast
.

How were G-III Apparel Group's earnings last quarter?

G-III Apparel Group, Ltd. (NASDAQ:GIII) issued its quarterly earnings data on Thursday, September, 7th. The textile maker reported $0.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.01 by $0.39. The textile maker earned $659.80 million during the quarter, compared to the consensus estimate of $591.39 million. G-III Apparel Group had a negative net margin of 5.64% and a positive trailing twelve-month return on equity of 7.63%. The company's revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.39 earnings per share.

What ETFs hold G-III Apparel Group's stock?

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).WisdomTree U.S. SmallCap Earnings Fund (EES).

When did G-III Apparel Group's stock split?

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

What guidance has G-III Apparel Group issued on next quarter's earnings?

G-III Apparel Group issued an update on its FY24 earnings guidance on Thursday, September, 7th. The company provided EPS guidance of $3.20-3.30 for the period, compared to the consensus earnings per share estimate of $2.80. The company issued revenue guidance of ~$3.30 billion, compared to the consensus revenue estimate of $3.26 billion.

What is Morris Goldfarb's approval rating as G-III Apparel Group's CEO?

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.

What other stocks do shareholders of G-III Apparel Group own?

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).

What is G-III Apparel Group's stock symbol?

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

Who are G-III Apparel Group's major shareholders?

G-III Apparel Group's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (14.62%), Dimensional Fund Advisors LP (6.20%), State Street Corp (3.64%), Towle & Co. (2.89%), Royal Bank of Canada (2.85%) and Charles Schwab Investment Management Inc. (2.32%). 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.
View institutional ownership trends
.

How do I buy shares of G-III Apparel Group?

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.
Compare Top Brokerages Here.

What is G-III Apparel Group's stock price today?

One share of GIII stock can currently be purchased for approximately $24.15.

How much money does G-III Apparel Group make?

G-III Apparel Group (NASDAQ:GIII) has a market capitalization of $1.10 billion and generates $3.23 billion in revenue each year. The textile maker earns $-133,060,000.00 in net income (profit) each year or ($3.86) on an earnings per share basis.

How many employees does G-III Apparel Group have?

The company employs 4,700 workers across the globe.

How can I contact G-III Apparel Group?

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.

This page (NASDAQ:GIII) was last updated on 9/25/2023 by MarketBeat.com Staff

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