While G-III Apparel Group Ltd has underperformed by -1.16%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, GIII fell by -21.28%, with highs and lows ranging from $36.18 to $20.66, whereas the simple moving average fell by -10.16% in the last 200 days.
On December 11, 2024, Telsey Advisory Group Reiterated G-III Apparel Group Ltd (NASDAQ: GIII) to Market Perform. A report published by Guggenheim on October 09, 2024, Initiated its previous ‘Buy’ rating for GIII. Telsey Advisory Group also reiterated GIII shares as ‘Market Perform’, quoting a target price of $32 on the company’s shares in a report dated September 06, 2024. Telsey Advisory Group Reiterated the rating as Market Perform on March 15, 2024, but set its price target from $30 to $29. Barclays March 04, 2024d its ‘Equal Weight’ rating to ‘Underweight’ for GIII, as published in its report on March 04, 2024. Wells Fargo’s report from January 16, 2024 suggests a price prediction of $24 for GIII shares, giving the stock a ‘Underweight’ rating. Telsey Advisory Group also rated the stock as ‘Market Perform’.
Analysis of G-III Apparel Group Ltd (GIII)
Further, the quarter-over-quarter increase in sales is 1.84%, showing a positive trend in the upcoming months.
One of the most important indicators of G-III Apparel Group Ltd’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 11.02% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.75, 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.
For any stock, average volume can also provide valuable insight into volatility, and GIII is recording 499.25K average volume. On a monthly basis, the volatility of the stock is set at 3.86%, whereas on a weekly basis, it is put at 6.47%, with a loss of -8.56% over the past seven days. Furthermore, long-term investors anticipate a median target price of $36.40, showing growth from the present price of $26.38, 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?
The Apparel Manufacturing market is dominated by G-III Apparel Group Ltd (GIII) 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 6.90, there is a growth in quarterly earnings of -6.87%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. 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 13.00%. 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 99.80% 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 99.80% at present.
