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 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%.
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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 76.1% and is now trading at $24.15.
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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.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 29th 2023.
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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.

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).

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.

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.

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 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.
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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 $24.15.

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.

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.