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

$24.26
+0.39 (+1.63%)
(As of 08/16/2022 11:05 AM ET)
Add
Compare
Today's Range
$24.09
$24.52
50-Day Range
$19.77
$27.09
52-Week Range
$19.38
$35.12
Volume
5,622 shs
Average Volume
361,059 shs
Market Capitalization
$1.17 billion
P/E Ratio
5.85
Dividend Yield
N/A
Price Target
$26.57

G-III Apparel Group MarketRank™ Forecast

Analyst Rating
Hold
2.43 Rating Score
Upside/​Downside
10.1% Upside
$26.57 Price Target
Short Interest
Bearish
9.78% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.50mentions of G-III Apparel Group in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
11.19%
From $4.38 to $4.87 Per Share

Overall MarketRank

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

2.46 out of 5 stars

Consumer Discretionary Sector

113th out of 292 stocks

Apparel, Finished Products From Fabrics & Similar Materials Industry

9th out of 13 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 brand names, including DKNY, Donna Karan, Vilebrequin, Eliza J, Jessica Howard, Andrew Marc, Marc New York, Sonia Rykiel, Black Rivet, G-III Sports by Carl Banks, and G-III for Her; and licensed brands, such as Calvin Klein, Tommy Hilfiger, Karl Lagerfeld Paris, Levi's, Guess?, Kenneth Cole, Cole Haan, Vince Camuto, and Dockers. It has licenses with the National Football League, Major League Baseball, 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. As of January 31, 2022, it operated 96 Vilebrequin retail stores; 60 DKNY and Karl Lagerfeld Paris stores; and 26 DKNY stores. The company also sells its products online. G-III Apparel Group, Ltd. was founded in 1956 and is headquartered in New York, New York.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. TheStreet downgraded G-III Apparel Group from a "b-" rating to a "c+" rating in a report on Tuesday, July 5th. StockNews.com downgraded G-III Apparel Group from a "buy" rating to a "hold" rating in a report on Wednesday, June 8th. Piper Sandler reaffirmed an "overweight" rating and set a $28.00 price target on shares of G-III Apparel Group in a report on Friday, July 22nd. KeyCorp assumed coverage on G-III Apparel Group in a report on Wednesday, July 20th. They set an "overweight" rating and a $27.00 price target for the company. Finally, B. Riley decreased their price target on G-III Apparel Group from $41.00 to $37.00 and set a "buy" rating for the company in a report on Wednesday, June 8th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $26.57.

G-III Apparel Group Price Performance

G-III Apparel Group stock traded down $0.18 during midday trading on Monday, reaching $23.87. The company's stock had a trading volume of 310,160 shares, compared to its average volume of 518,982. G-III Apparel Group has a fifty-two week low of $19.38 and a fifty-two week high of $35.12. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.36 and a current ratio of 3.58. The stock's 50 day simple moving average is $22.02 and its 200 day simple moving average is $25.15. The firm has a market capitalization of $1.15 billion, a PE ratio of 5.80 and a beta of 2.44.

G-III Apparel Group (NASDAQ:GIII - Get Rating) last released its earnings results on Tuesday, June 7th. The textile maker reported $0.72 EPS for the quarter, beating analysts' consensus estimates of $0.57 by $0.15. G-III Apparel Group had a return on equity of 14.09% and a net margin of 6.98%. The company had revenue of $688.80 million during the quarter, compared to the consensus estimate of $597.35 million. During the same quarter last year, the company earned $0.53 earnings per share. G-III Apparel Group's quarterly revenue was up 32.5% compared to the same quarter last year. On average, equities research analysts forecast that G-III Apparel Group will post 4.38 earnings per share for the current year.

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GIII Stock News Headlines

G-III Apparel Q1 Profit Increases; Raises Guidance
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GIII Company Calendar

Last Earnings
6/07/2022
Today
8/16/2022
Next Earnings (Estimated)
9/01/2022
Fiscal Year End
1/31/2023

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
3,600
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$26.57
High Stock Price Forecast
$37.00
Low Stock Price Forecast
$20.00
Forecasted Upside/Downside
+9.5%
Consensus Rating
Hold
Rating Score (0-4)
2.43
Research Coverage
7 Analysts

Profitability

Net Income
$200.59 million
Pretax Margin
9.33%

Debt

Sales & Book Value

Annual Sales
$2.77 billion
Cash Flow
$4.74 per share
Book Value
$31.29 per share

Miscellaneous

Free Float
43,595,000
Market Cap
$1.17 billion
Optionable
Optionable
Beta
2.44

Social Links


Key Executives

  • Mr. Morris Goldfarb (Age 71)
    Chairman & CEO
    Comp: $8.78M
  • Mr. Sammy Aaron (Age 63)
    Vice Chairman & Pres
    Comp: $8.05M
  • Mr. Neal S. Nackman (Age 62)
    CFO & Treasurer
    Comp: $1.57M
  • Mr. Wayne S. Miller (Age 64)
    Sr. Strategic Advisor
    Comp: $1.34M
  • Mr. Jeffrey D. Goldfarb (Age 45)
    Exec. VP, Director of Strategic Planning & Director
    Comp: $2.78M
  • Ms. Amy Taub Kahn
    Pres
  • Ms. Priya Trivedi
    Sr. VP of Investor Relations & Treasurer
  • Ms. Bettina Havrilla
    Sr. VP of HR
  • 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 equities 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 equities 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 2022?

7 brokerages have issued 1-year price targets for G-III Apparel Group's shares. Their GIII share price forecasts range from $20.00 to $37.00. On average, they expect the company's stock price to reach $26.57 in the next twelve months. This suggests a possible upside of 11.3% from the stock's current price.
View analysts price targets for GIII
or view top-rated stocks among Wall Street analysts.

How have GIII shares performed in 2022?

G-III Apparel Group's stock was trading at $27.64 at the beginning of 2022. Since then, GIII shares have decreased by 13.6% and is now trading at $23.87.
View the best growth stocks for 2022 here
.

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

The company is scheduled to release its next quarterly earnings announcement on Thursday, September 1st 2022.
View our GIII earnings forecast
.

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

G-III Apparel Group, Ltd. (NASDAQ:GIII) announced its earnings results on Tuesday, June, 7th. The textile maker reported $0.72 EPS for the quarter, beating analysts' consensus estimates of $0.57 by $0.15. The textile maker had revenue of $688.80 million for the quarter, compared to the consensus estimate of $597.35 million. G-III Apparel Group had a trailing twelve-month return on equity of 14.09% and a net margin of 6.98%. The company's revenue was up 32.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.53 earnings per share.

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

G-III Apparel Group shares split before market open on Monday, May 4th 2015. The 2-1 split was announced on Tuesday, April 7th 2015. The newly issued shares were payable 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 updated its FY 2023 earnings guidance on Tuesday, July, 5th. The company provided EPS guidance of $4.40-$4.50 for the period, compared to the consensus earnings per share estimate of $4.08. The company issued revenue guidance of $3.24 billion-$3.24 billion, compared to the consensus revenue estimate of $3.02 billion.

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

76 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.

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 retail and institutional investors. Top institutional shareholders include State Street Corp (3.47%), FMR LLC (1.67%), Point72 Asset Management L.P. (1.51%), Tributary Capital Management LLC (1.31%), JPMorgan Chase & Co. (1.13%) and Northern Trust Corp (0.98%). 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.
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 $23.87.

How much money does G-III Apparel Group make?

G-III Apparel Group (NASDAQ:GIII) has a market capitalization of $1.15 billion and generates $2.77 billion in revenue each year. The textile maker earns $200.59 million in net income (profit) each year or $4.15 on an earnings per share basis.

How many employees does G-III Apparel Group have?

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

This page (NASDAQ:GIII) was last updated on 8/16/2022 by MarketBeat.com Staff

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