G-III Apparel Group Ltd (NASDAQ:GIII) price on Friday, April 11, fall -0.48% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $24.67.
A look at the stock’s price movement, the close in the last trading session was $24.79, moving within a range at $24.0 and $24.7. The beta value (5-Year monthly) was 1.634 while the PE ratio in trailing twelve months stood at 5.77. Turning to its 52-week performance, $36.18 and $20.66 were the 52-week high and 52-week low respectively. Overall, GIII moved -5.48% over the past month.
G-III Apparel Group Ltd’s market cap currently stands at around $1.08 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Mar-12.
Analysts have a consensus estimate of 579.48M for the company’s revenue for the quarter, with a low and high estimate of 578.24M and 580.2M respectively. The average forecast suggests down to a -4.96% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 3.11B, representing a -2.36% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that GIII is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
6 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 3 analyst(s) rate the stock as a Hold, 2 recommend GIII as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
GIII’s current price about -5.90% and -9.66% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 41.92, while 7-day volatility ratio is 9.03% and 5.50% in the 30-day chart. Further, G-III Apparel Group Ltd (GIII) has a beta value of 1.41, and an average true range (ATR) of 1.58. Analysts have given the company’s stock an average 52-week price target of $23, forecast between a low of $13 and high of $36. Looking at the price targets, the low is 47.3% off current price level while to achieve the yearly target high, price needs to move -45.93%. Nonetheless, investors will most likely welcome a 6.77% jump to $23 which is the analysts’ median price.
If we refocus on G-III Apparel Group Ltd (NASDAQ:GIII), historical trading data shows that trading volumes averaged 0.89 over the past 10 days and 614.58K over the past 3 months. The company’s latest data on shares outstanding shows there are 43.89 million shares.
The 14.04% of G-III Apparel Group Ltd’s shares are in the hands of company insiders while institutional holders own 100.41% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 4.92 million on 2025-03-14, giving us a short ratio of 8.04. The data shows that as of 2025-03-14 short interest in G-III Apparel Group Ltd (GIII) stood at 1734.9999999999998 of shares outstanding, with shares short rising to 4.57 million registered in 2025-02-14. Current price change has pushed the stock -24.37% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the GIII stock continues to rise going into the next quarter.
