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 4 hold ratings and 3 buy ratings 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 brokerages have issued 1 year price objectives for G-III Apparel Group's stock. Their GIII share price forecasts range from $18.00 to $37.00. On average, they predict the company's share price to reach $25.00 in the next twelve months. This suggests a possible upside of 15.6% from the stock's current price.
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G-III Apparel Group's stock was trading at $27.64 at the start of the year. Since then, GIII shares have decreased by 21.7% and is now trading at $21.63.
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G-III Apparel Group saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 3,130,000 shares, an increase of 8.3% from the October 31st total of 2,890,000 shares. Based on an average daily volume of 688,500 shares, the days-to-cover ratio is currently 4.5 days. Currently, 7.6% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, December 7th 2022.
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G-III Apparel Group will be holding an earnings conference call on Thursday, December 1st at 10:30 AM Eastern. Interested parties can register for or listen to the call using this link.

G-III Apparel Group, Ltd. (NASDAQ:GIII) posted its earnings results on Wednesday, September, 7th. The textile maker reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.47 by $0.08. The textile maker earned $605.20 million during the quarter, compared to analyst estimates of $592.53 million. G-III Apparel Group had a net margin of 7.26% and a trailing twelve-month return on equity of 13.61%. The company's revenue for the quarter was up 25.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.39 earnings per share.

Shares of G-III Apparel Group split on the morning of 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 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 FY 2023 earnings guidance on Thursday, December, 1st. The company provided earnings per share (EPS) guidance of $2.90-$3.00 for the period, compared to the consensus estimate of $3.58. The company issued revenue guidance of $3.15 billion-$3.15 billion, compared to the consensus revenue estimate of $3.12 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 many different institutional and retail investors. Top institutional investors include BlackRock Inc. (16.08%), Vanguard Group Inc. (10.04%), Dimensional Fund Advisors LP (7.02%), State Street Corp (3.50%), Royal Bank of Canada (2.77%) and Tributary Capital Management LLC (1.32%). Insiders that own company stock include Alan Feller, Bokhorst Willem Van, 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 $21.63.

G-III Apparel Group (NASDAQ:GIII) has a market capitalization of $1.03 billion and generates $2.77 billion in revenue each year. The textile maker earns $200.59 million in net income (profit) each year or $4.50 on an earnings per share basis.

The company employs 3,600 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 or via fax at 212-403-0551.