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 brokerages have issued 1-year price targets for G-III Apparel Group's stock. Their GIII share price forecasts range from $13.00 to $37.00. On average, they expect the company's stock price to reach $19.00 in the next twelve months. This suggests a possible upside of 18.2% from the stock's current price.
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G-III Apparel Group's stock was trading at $13.71 at the beginning of the year. Since then, GIII shares have increased by 17.3% and is now trading at $16.08.
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G-III Apparel Group saw a decline in short interest in the month of January. As of January 15th, there was short interest totaling 2,680,000 shares, a decline of 13.3% from the December 31st total of 3,090,000 shares. Based on an average daily trading volume, of 1,180,000 shares, the days-to-cover ratio is currently 2.3 days. Currently, 6.5% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, March 16th 2023.
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G-III Apparel Group, Ltd. (NASDAQ:GIII) announced its quarterly earnings data on Wednesday, November, 30th. The textile maker reported $1.35 EPS for the quarter, missing the consensus estimate of $1.85 by $0.50. The textile maker had revenue of $1.08 billion for the quarter, compared to analysts' expectations of $1.07 billion. G-III Apparel Group had a trailing twelve-month return on equity of 10.70% and a net margin of 5.66%.

G-III Apparel Group's stock 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 distributed 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 issued an update on its FY 2023 earnings guidance on Saturday, December, 31st. The company provided earnings per share (EPS) guidance of $2.90-$3.00 for the period, compared to the consensus EPS estimate of $3.58. The company issued revenue guidance of $3.15 billion-$3.15 billion, compared to the consensus revenue estimate of $3.12 billion.

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 number of retail and institutional investors. Top institutional investors include Ziegler Capital Management LLC (0.57%), Scout Investments Inc. (0.57%), Assenagon Asset Management S.A. (0.36%), Exchange Traded Concepts LLC (0.07%), Yousif Capital Management LLC (0.06%) and Maryland State Retirement & Pension System (0.04%). 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 $16.08.

G-III Apparel Group (NASDAQ:GIII) has a market capitalization of $763.62 million and generates $2.77 billion in revenue each year. The textile maker earns $200.59 million in net income (profit) each year or $3.60 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.