While G-III Apparel Group Ltd. has underperformed by -0.81%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, GIII rose by 26.74%, with highs and lows ranging from $35.68 to $20.66, whereas the simple moving average jumped by 9.86% in the last 200 days.
On September 06, 2024, Telsey Advisory Group Reiterated G-III Apparel Group Ltd. (NASDAQ: GIII) to Market Perform. A report published by Telsey Advisory Group on March 15, 2024, Reiterated its previous ‘Market Perform’ rating for GIII. Barclays also Downgraded GIII shares as ‘Underweight’, setting a target price of $23 on the company’s shares in a report dated March 04, 2024. Wells Fargo January 16, 2024d the rating to Underweight on January 16, 2024, and set its price target from $30 to $24. Telsey Advisory Group resumed its ‘Market Perform’ rating for GIII, as published in its report on December 02, 2022. Piper Sandler’s report from December 01, 2022 suggests a price prediction of $22 for GIII shares, giving the stock a ‘Neutral’ rating. CL King also rated the stock as ‘Neutral’.
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Analysis of G-III Apparel Group Ltd. (GIII)
Further, the quarter-over-quarter decrease in sales is -2.27%, showing a negative trend in the upcoming months.
To gain a thorough understanding of G-III Apparel Group Ltd.’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of 12.89% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.80, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and GIII is recording an average volume of 623.80K. On a monthly basis, the volatility of the stock is set at 4.08%, whereas on a weekly basis, it is put at 3.06%, with a gain of 4.02% over the past seven days. Furthermore, long-term investors anticipate a median target price of $30.60, showing decline from the present price of $31.80, which can serve as yet another indication of whether GIII is worth investing in or should be passed over.
How Do You Analyze G-III Apparel Group Ltd. Shares?
A leading company in the Apparel Manufacturing sector, G-III Apparel Group Ltd. (GIII) is based in the USA. When comparing G-III Apparel Group Ltd. shares with other companies under Consumer Cyclical, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 7.93, there is a growth in quarterly earnings of 50.79%.
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 13.54%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 101.24% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
GIII shares are owned by institutional investors to the tune of 101.24% at present.
