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NASDAQ:GIII

G-III Apparel Group Stock Forecast, Price & News

$22.03
+0.05 (+0.23%)
(As of 06/28/2022 11:07 AM ET)
Add
Compare
Today's Range
$21.97
$22.60
50-Day Range
$20.74
$29.59
52-Week Range
$20.14
$35.12
Volume
3,446 shs
Average Volume
618,560 shs
Market Capitalization
$1.06 billion
P/E Ratio
5.31
Dividend Yield
N/A
Price Target
$29.67
30 days | 90 days | 365 days | Advanced Chart

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GIII Stock Forecast (MarketRank)

Overall MarketRank

2.54 out of 5 stars

Consumer Discretionary Sector

108th out of 404 stocks

Apparel, Finished Products From Fabrics & Similar Materials Industry

10th out of 14 stocks

Analyst Opinion: 3.2Community Rank: 4.5Dividend Strength: 0.0Insider Behavior: 2.5Valuation: 2.5 5 -4 -3 -2 -1 -
G-III Apparel Group logo

About G-III Apparel Group (NASDAQ:GIII)

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.

GIII Stock News Headlines

Two Retailers The Analysts Are Buying  (GIII)
The retail sector has had a hard time of it the last few months but now there are some opportunities emerging. Companies like Skechers (NYSE: SKX) and G-III Apparel (NASDAQ: GIII) corrected more than 35% on mounting fears of narrowing margins and slowing sales but those fears were misplaced.
Don’t Rush Out To Buy G-III Apparel 
G-III Apparel (NASDAQ: GIII) had a great Q1 but we see enormous risk in the outlook. While the company is well-positioned as a DTC and eCommerce merchant it is also heavily exposed to the wholesale market. After Target’s recent warning, we see a very large chance that orders for wholesale items will slow, and that will have an impact on both the top and bottom lines.
G-III Apparel Q1 Profit Increases; Raises Guidance
See More Headlines

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

Company Calendar

Last Earnings
6/07/2022
Today
6/28/2022
Next Earnings (Estimated)
9/01/2022
Fiscal Year End
1/31/2023

Price Target and Rating

Average Stock Price Forecast
$29.67
High Stock Price Forecast
$37.00
Low Stock Price Forecast
$22.00
Forecasted Upside/Downside
+34.7%
Consensus Rating
Hold
Rating Score (0-4)
2.33333333333333
Research Coverage
3 Analysts

Profitability

Net Income
$200.59 million
Pretax Margin
9.33%

Debt

Sales & Book Value

Annual Sales
$2.77 billion
Cash Flow
$4.70 per share
Book Value
$31.29 per share

Miscellaneous

Free Float
43,595,000
Market Cap
$1.06 billion
Optionable
Optionable
Beta
2.52

Social Links















G-III Apparel Group Frequently Asked Questions

Should I buy or sell G-III Apparel Group stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for G-III Apparel Group in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" G-III Apparel Group stock. 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 analyst ratings for G-III Apparel Group
or view top-rated stocks.

What is G-III Apparel Group's stock price forecast for 2022?

3 brokers have issued 12 month target prices for G-III Apparel Group's shares. Their GIII stock forecasts range from $22.00 to $37.00. On average, they predict G-III Apparel Group's stock price to reach $29.67 in the next year. This suggests a possible upside of 34.3% from the stock's current price.
View analysts' price targets for G-III Apparel Group
or view top-rated stocks among Wall Street analysts.

How has G-III Apparel Group's stock price 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 20.1% and is now trading at $22.09.
View the best growth stocks for 2022 here
.

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

G-III Apparel Group is scheduled to release its next quarterly earnings announcement on Thursday, September 1st 2022.
View our earnings forecast for G-III Apparel Group
.

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 the consensus estimate of $0.58 by $0.14. The textile maker had revenue of $688.80 million for the quarter, compared to analysts' expectations 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 quarterly revenue was up 32.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.53 EPS.
View G-III Apparel Group's earnings history
.

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

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 issued to shareholders after the closing bell on Friday, May 1st 2015. An investor that had 100 shares of G-III Apparel Group 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, June, 28th. The company provided earnings per share (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.

Who are G-III Apparel Group's key executives?

G-III Apparel Group's management team includes the following people:
  • Mr. Morris Goldfarb, Chairman & CEO (Age 71, Pay $8.78M)
  • Mr. Sammy Aaron, Vice Chairman & Pres (Age 63, Pay $8.05M)
  • Mr. Neal S. Nackman, CFO & Treasurer (Age 62, Pay $1.57M)
  • Ms. Jeanette Nostra-Katz, Sr. Advisor & Director (Age 70)
  • Mr. Wayne S. Miller, Sr. Strategic Advisor (Age 64, Pay $1.34M)
  • Mr. Jeffrey D. Goldfarb, Exec. VP, Director of Strategic Planning & Director (Age 45, Pay $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

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

76 employees have rated G-III Apparel Group CEO Morris Goldfarb on Glassdoor.com. Morris Goldfarb has an approval rating of 63% among G-III Apparel Group'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), (CATB), 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 many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (15.61%), Vanguard Group Inc. (10.12%), Dimensional Fund Advisors LP (6.85%), State Street Corp (3.41%), Royal Bank of Canada (2.48%) and Wasatch Advisors Inc. (2.22%). Company insiders that own G-III Apparel Group 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 for G-III Apparel Group
.

Which major investors are selling G-III Apparel Group stock?

GIII stock was sold by a variety of institutional investors in the last quarter, including Invesco Ltd., Goldman Sachs Group Inc., Chartwell Investment Partners LLC, Arrowstreet Capital Limited Partnership, Penn Capital Management Company LLC, Engineers Gate Manager LP, Royal Bank of Canada, and JPMorgan Chase & Co.. Company insiders that have sold G-III Apparel Group company stock in the last two years include Alan Feller, Laura H Pomerantz, Neal Nackman, Sammy Aaron, Thomas Brosig, and Wayne S Miller.
View insider buying and selling activity for G-III Apparel Group
or view top insider-selling stocks.

Which major investors are buying G-III Apparel Group stock?

GIII stock was acquired by a variety of institutional investors in the last quarter, including Wasatch Advisors Inc., Vanguard Group Inc., Fuller & Thaler Asset Management Inc., Assenagon Asset Management S.A., BlackRock Inc., Phocas Financial Corp., Pacer Advisors Inc., and Raymond James & Associates.
View insider buying and selling activity for G-III Apparel Group
or or view top insider-buying stocks.

How do I buy shares of G-III Apparel Group?

Shares of GIII 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 $22.09.

How much money does G-III Apparel Group make?

G-III Apparel Group (NASDAQ:GIII) has a market capitalization of $1.07 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?

G-III Apparel Group 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 G-III Apparel Group 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 6/28/2022 by MarketBeat.com Staff

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