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

8 Wall Street equities 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 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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8 Wall Street research analysts have issued 12-month price targets for G-III Apparel Group's stock. Their GIII share price forecasts range from $14.00 to $37.00. On average, they expect the company's share price to reach $19.38 in the next twelve months. This suggests a possible upside of 24.6% 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 shares have increased by 13.4% and is now trading at $15.55.
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G-III Apparel Group saw a increase in short interest in 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 trading volume of 682,600 shares, the days-to-cover ratio is currently 5.7 days. Approximately 9.3% of the shares of the 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) issued 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 had revenue of $854.20 million for the quarter, compared to analyst estimates of $769.28 million. G-III Apparel Group had a negative net margin of 4.12% and a positive trailing twelve-month return on equity of 9.08%. The company's revenue was up 14.2% compared to the same quarter last year. During the same period last year, the company posted $0.98 EPS.

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 shares 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 market closes 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 first quarter 2024 earnings guidance on Thursday, March, 16th. The company provided EPS guidance of -$0.15--$0.05 for the period, compared to the consensus EPS 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."

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 $15.55.

G-III Apparel Group (NASDAQ:GIII) has a market capitalization of $722.92 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, via email at ir@g-iii.com, or via fax at 212-403-0551.