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

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for G-III Apparel Group in the last twelve months. There are currently 6 hold ratings and 2 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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8 Wall Street research analysts have issued 12 month target prices for G-III Apparel Group's stock. Their GIII share price forecasts range from $14.00 to $37.00. On average, they anticipate the company's stock price to reach $19.38 in the next twelve months. This suggests a possible upside of 26.5% from the stock's current price.
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G-III Apparel Group's stock was trading at $13.71 on January 1st, 2023. Since then, GIII stock has increased by 11.7% and is now trading at $15.3150.
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G-III Apparel Group saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 3,870,000 shares, an increase of 7.2% from the February 28th total of 3,610,000 shares. Based on an average daily volume of 682,600 shares, the days-to-cover ratio is presently 5.7 days. Currently, 9.3% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, June 6th 2023.
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G-III Apparel Group, Ltd. (NASDAQ:GIII) released its quarterly earnings results on Thursday, March, 16th. The textile maker reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by $0.05. The textile maker earned $854.20 million during the quarter, compared to the consensus estimate of $769.28 million. G-III Apparel Group had a positive trailing twelve-month return on equity of 8.79% and a negative net margin of 4.12%. The company's revenue was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.98 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), Invesco S&P SmallCap Consumer Discretionary ETF (PSCD), Syntax Stratified SmallCap ETF (SSLY) and Invesco S&P SmallCap 600 Revenue ETF (RWJ).Invesco S&P SmallCap 600 Equal Weight ETF (EWSC) and

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 created shares were distributed 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 first quarter 2024 earnings guidance on Thursday, March, 16th. The company provided earnings per share guidance of -$0.15--$0.05 for the period, compared to the consensus estimate of $0.57. The company issued revenue guidance of $560.00 million-$560.00 million, compared to the consensus revenue estimate of $694.88 million.

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 institutional and retail investors. Top institutional investors include Dimensional Fund Advisors LP (6.24%), Madison Avenue Partners LP (3.95%), Morgan Stanley (2.14%), Charles Schwab Investment Management Inc. (1.84%), Geode Capital Management LLC (1.75%) and LSV Asset Management (1.62%). 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 $15.32.

G-III Apparel Group (NASDAQ:GIII) has a market capitalization of $727.31 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 ($2.92) 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.