G-III Apparel Group Ltd (NASDAQ:GIII) has a beta value of -2.14% and has seen 697.4 shares traded in the last trading session. The company, currently valued at $951.00M, closed the last trade at $21.45 per share which meant it lost -$6.3 on the day or 21.96% during that session. The GIII stock price is -68.67% off its 52-week high price of $36.18 and 5.22% above the 52-week low of $20.33. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.47 million shares traded. The 3-month trading volume is 3.03 shares.
The consensus among analysts is that G-III Apparel Group Ltd (GIII) is Hold stock at the moment, with a recommendation rating of 34.22. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 3 out of 6 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight.
G-III Apparel Group Ltd (NASDAQ:GIII) trade information
Sporting 21.96% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the GIII stock price touched $21.45 or saw a rise of 5.26%. Year-to-date, G-III Apparel Group Ltd shares have moved -19.74%, while the 5-day performance has seen it change 3.34%. Over the past 30 days, the shares of G-III Apparel Group Ltd (NASDAQ:GIII) have changed -22.73%. Short interest in the company has seen 5.4 million shares shorted with days to cover at 13.65.
Wall Street analysts have a consensus price target for the stock at $27, which means that the shares’ value could jump 20.56% from current levels. The projected low price target is $27.0 while the price target rests at a high of $27.0. In that case, then, we find that the current price level is -25.87% off the targeted high while a plunge would see the stock gain -25.87% from current levels.
G-III Apparel Group Ltd (GIII) estimates and forecasts
The company’s shares have lost -37.15% over the past 6 months.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 1.19% 7.37% over the past 5 years. Earnings growth for 2025 is a modest -33.28% while over the next 5 years, the company’s earnings are expected to decrease by -10.32%.
GIII Dividends
G-III Apparel Group Ltd is expected to release its next earnings report on 2025-Jun-06 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
G-III Apparel Group Ltd (NASDAQ:GIII)’s Major holders
Insiders own 14.46% of the company shares, while shares held by institutions stand at 101.78% with a share float percentage of 118.98%. Investors are also buoyed by the number of investors in a company, with G-III Apparel Group Ltd having a total of 355.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 7.69 million shares worth more than $208.27 million. As of 2024-06-30, BLACKROCK INC. held 17.2622% of shares outstanding.
The other major institutional holder is PACER ADVISORS, INC., with the holding of over 5.27 million shares as of 2024-06-30. The firm’s total holdings are worth over $142.57 million and represent 11.8169% of shares outstanding.
