In the last trading session, 1.1 million shares of the G-III Apparel Group Ltd (NASDAQ:GIII) were traded, and its beta was 1.47. Most recently the company’s share price was $21.46, and it changed around $0.92 or 4.48% from the last close, which brings the market valuation of the company to $929.34M. GIII currently trades at a discount to its 52-week high of $36.18, offering almost -68.59% off that amount. The share price’s 52-week low was $20.37, which indicates that the current value has risen by an impressive 5.08% since then.
G-III Apparel Group Ltd stock received a consensus recommendation rating of Hold, based on a mean score of 3.00. If we narrow it down even further, the data shows that 0 out of 4 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 2 recommended GIII as a Hold, whereas 1 deemed it a Buy, and 1 rated it as Underweight. G-III Apparel Group Ltd is expected to report earnings per share of 0.09 for the current quarter.
G-III Apparel Group Ltd (NASDAQ:GIII) trade information
Instantly GIII has showed a green trend with a performance of 4.48% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 22.54 on recent trading dayincreased the stock’s daily price by 4.79%. The company’s shares are currently down -34.21% year-to-date, but still down -3.16% over the last five days. On the other hand, G-III Apparel Group Ltd (NASDAQ:GIII) is -23.03% down in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $27, which translates to bulls needing to increase their stock price by 20.52% from its current value. Analyst projections state that GIII is forecast to be at a low of $27 and a high of $27.
G-III Apparel Group Ltd (GIII) estimates and forecasts
The year-over-year growth rate is expected to be -1.75%, down from the previous year.
Consensus estimates provided by 3 financial analysts predict the company will bring in an average of 568.67M in revenue for the current quarter. 3 analysts expect G-III Apparel Group Ltd to make 1.1B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 644.75M and 1.09B respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -11.80%. Forecasts for the next quarter put sales growth at 1.21%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 7.37%. G-III Apparel Group Ltd earnings are expected to increase by -33.28% in 2025, but the outlook is negative -10.32% per year for the next five years.
GIII Dividends
G-III Apparel Group Ltd’s next quarterly earnings report is expected to be released in July.
PACER ADVISORS, INC., with 11.8169% or 5.27 million shares worth $142.57 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
