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

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

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.

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.

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.

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 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.
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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 $23.87.

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.

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.