NASDAQ:GIII

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

$15.29

+0.34 (+2.27%)

(As of 10/3/2022 12:00 AM ET)

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Today's Range: $15.05
▼
$15.55
50-Day Range: $14.95
▼
$24.92
52-Week Range: $14.37
▼
$33.40

Volume: 754,731 shs
Average Volume: 560,813 shs
Market Capitalization: $726.08 million

P/E Ratio: 3.40
Dividend Yield: N/A
Price Target: $25.00

G-III Apparel Group MarketRank™ Forecast

Analyst Rating: Hold
2.43 Rating Score
Upside/Downside: 63.5% Upside
$25.00 Price Target
Short Interest: Healthy
9.24% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.85
Based on 9 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 10.68%
From $3.65 to $4.04 Per Share

Overall MarketRank^™

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

3.32 out of 5 stars

Consumer Discretionary Sector

3rd out of 280 stocks

Apparel, Finished Products From Fabrics & Similar Materials Industry

1st out of 13 stocks

4.2

Analyst's Opinion

Consensus Rating
G-III Apparel Group has received a consensus rating of Hold. The company's average rating score is 2.43, and is based on 3 buy ratings, 4 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $25.00, G-III Apparel Group has a forecasted upside of 63.5% from its current price of $15.29.
Amount of Analyst Coverage
G-III Apparel Group has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
9.24% of the float of G-III Apparel Group has been sold short.
Short Interest Ratio / Days to Cover
G-III Apparel Group has a short interest ratio ("days to cover") of 6.6.
Change versus previous month
Short interest in G-III Apparel Group has recently decreased by 7.28%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
G-III Apparel Group does not currently pay a dividend.
Dividend Growth
G-III Apparel Group does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for GIII.

3.8

News and Social Media Coverage

News Sentiment
G-III Apparel Group has a news sentiment score of 0.85. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.57 average news sentiment score of Consumer Discretionary companies.
News Coverage This Week
MarketBeat has tracked 9 news articles for G-III Apparel Group this week, compared to 2 articles on an average week.
Search Interest
4 people have searched for GIII on MarketBeat in the last 30 days.
MarketBeat Follows
6 people have added G-III Apparel Group to their MarketBeat watchlist in the last 30 days. This is an increase of 500% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, G-III Apparel Group insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 9.60% of the stock of G-III Apparel Group is held by insiders.
Percentage Held by Institutions
88.68% of the stock of G-III Apparel Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

4.4

Earnings and Valuation

Earnings Growth
Earnings for G-III Apparel Group are expected to grow by 10.68% in the coming year, from $3.65 to $4.04 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of G-III Apparel Group is 3.40, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 122.93.
Price to Earnings Ratio vs. Sector
The P/E ratio of G-III Apparel Group is 3.40, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 10.06.
Price to Earnings Growth Ratio
G-III Apparel Group has a PEG Ratio of 0.27. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
G-III Apparel Group has a P/B Ratio of 0.49. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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.

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GIII Stock News Headlines

September 7, 2022 | marketbeat.com

Is G-III Apparel Group, Ltd. A Value Trap?

G-III Apparel is set up to underperform its peers over the next few quarters and may be a long-term value trap given the operating environment.

September 29, 2022 | americanbankingnews.com

G-III Apparel Group, Ltd. (NASDAQ:GIII) Receives $25.00 Consensus Price Target from Brokerages

September 27, 2022 | nasdaq.com

The Last 12 Months Of Insider Transactions At G-III Apparel Group

September 15, 2022 | finance.yahoo.com

The 7 Best Cheap Stocks to Buy Now

September 9, 2022 | investing.com

Is G-III Apparel Group A Value Trap?

September 9, 2022 | seekingalpha.com

G-III Apparel Group, Ltd. (GIII) Q2 2023 Earnings Call Transcript

September 7, 2022 | msn.com

G-III Apparel Group: Q2 Earnings Insights

September 7, 2022 | finance.yahoo.com

G-III Apparel Group (GIII) Misses Q2 Earnings Estimates

September 7, 2022 | finance.yahoo.com

G-III Apparel Posts Mixed Q2 Results; Cuts FY23 Guidance

September 7, 2022 | seekingalpha.com

G-III Apparel reports mixed Q2 results, sees outlook below consensus

September 6, 2022 | seekingalpha.com

G-III Apparel Group: From Overvalued To Attractive

September 6, 2022 | msn.com

6GIII : Preview: G-III Apparel Group's Earnings

September 5, 2022 | finance.yahoo.com

Here's How G-III Apparel (GIII) is Poised Before Q2 Earnings

September 2, 2022 | benzinga.com

Telsey Advisory Group Maintains Market Perform Rating for G-III Apparel Group: Here's What You Need To Know

September 2, 2022 | markets.businessinsider.com

Expert Ratings for G-III Apparel Group

August 23, 2022 | nasdaq.com

Here's Why We Think G-III Apparel Group (NASDAQ:GIII) Is Well Worth Watching

August 4, 2022 | nasdaq.com

Noteworthy Thursday Option Activity: QCOM, GIII, ECPG

August 4, 2022 | finance.yahoo.com

Rent-A-Center's (RCII) Q2 Earnings Beat Mark, 2022 View Cut

August 1, 2022 | finance.yahoo.com

Carter's (CRI) Q2 Earnings & Sales Miss Estimates, Fall Y/Y

July 28, 2022 | finance.yahoo.com

Here's Why Best Buy (BBY) Trims Comparable Sales Forecast

July 22, 2022 | nasdaq.com

Does G-III Apparel Group (NASDAQ:GIII) Have A Healthy Balance Sheet?

July 21, 2022 | nasdaq.com

Inter Parfums (IPAR) Partners With G-III Apparel to Fuel Growth

July 18, 2022 | finance.yahoo.com

Shareholders in G-III Apparel Group (NASDAQ:GIII) are in the red if they invested a year ago

July 13, 2022 | finance.yahoo.com

Implied Volatility Surging for G-III Apparel (GIII) Stock Options

July 6, 2022 | finance.yahoo.com

Top 5 Value Picks Amid Concerns of Slowing U.S. Economy

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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GIII Company Calendar

Last Earnings: 9/07/2022
Today: 10/04/2022
Next Earnings (Estimated): 12/07/2022
Fiscal Year End: 1/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Apparel, finished products from fabrics & similar materials
Sub-Industry: Apparel Accessories & Luxury Goods
Sector: Consumer Discretionary
Current Symbol: NASDAQ:GIII
CUSIP: 36237H10
CIK: 821002
Web: www.giii.com
Phone: (212) 403-0500
Fax: 212-403-0551
Employees: 3,600
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $25.00
High Stock Price Forecast: $37.00
Low Stock Price Forecast: $18.00
Forecasted Upside/Downside: +63.5%
Consensus Rating: Hold
Rating Score (0-4): 2.43
Research Coverage: 7 Analysts

Profitability

EPS (Most Recent Fiscal Year): $4.50
Trailing P/E Ratio: 3.40
Forward P/E Ratio: 4.19
P/E Growth: 0.27
Net Income: $200.59 million
Net Margins: 7.26%
Pretax Margin: 9.64%
Return on Equity: 13.61%
Return on Assets: 7.43%

Debt

Debt-to-Equity Ratio: 0.31
Current Ratio: 2.29
Quick Ratio: 0.94

Sales & Book Value

Annual Sales: $2.77 billion
Price / Sales: 0.26
Cash Flow: $4.81 per share
Price / Cash Flow: 3.18
Book Value: $31.29 per share
Price / Book: 0.49

Miscellaneous

Outstanding Shares: 47,487,000
Free Float: 42,928,000
Market Cap: $726.08 million
Optionable: Optionable
Beta: 2.45

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

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

GIII Stock - Frequently Asked Questions

Should I buy or sell G-III Apparel Group stock right now?: 7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for G-III Apparel Group in the last twelve months. There are currently 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street 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 analysts have issued 1-year price targets for G-III Apparel Group's shares. Their GIII share price forecasts range from $18.00 to $37.00. On average, they predict the company's stock price to reach $25.00 in the next year. This suggests a possible upside of 63.5% 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 stock has decreased by 44.7% and is now trading at $15.29.
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 Wednesday, December 7th 2022.
View our GIII earnings forecast.
How were G-III Apparel Group's earnings last quarter?: G-III Apparel Group, Ltd. (NASDAQ:GIII) posted its quarterly earnings results on Wednesday, September, 7th. The textile maker reported $0.39 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.47 by $0.08. The textile maker had revenue of $605.20 million for the quarter, compared to analyst estimates of $592.53 million. G-III Apparel Group had a net margin of 7.26% and a trailing twelve-month return on equity of 13.61%. The business's revenue for the quarter was up 25.3% on a year-over-year basis. During the same period last year, the business earned $0.39 earnings per share.
When did G-III Apparel Group's stock split?: Shares of G-III Apparel Group split before market open on 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.

What guidance has G-III Apparel Group issued on next quarter's earnings?: G-III Apparel Group issued an update on its third quarter 2023 earnings guidance on Thursday, September, 29th. The company provided earnings per share (EPS) guidance of $1.80-$1.90 for the period, compared to the consensus estimate of $2.15. The company issued revenue guidance of $1.07 billion-$1.07 billion, compared to the consensus revenue estimate of $1.11 billion.
What is Morris Goldfarb's approval rating as G-III Apparel Group's CEO?: 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.
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."
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 $15.29.
How much money does G-III Apparel Group make?: G-III Apparel Group (NASDAQ:GIII) has a market capitalization of $726.08 million and generates $2.77 billion in revenue each year. The textile maker earns $200.59 million in net income (profit) each year or $4.50 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 10/4/2022 by MarketBeat.com Staff

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

G-III Apparel Group MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows