G-III Apparel Group Ltd (NASDAQ:GIII) price on Friday, February 28, rose 2.62% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $27.07.
A look at the stock’s price movement, the close in the last trading session was $26.38. The PE ratio in trailing twelve months stood at 7.08. Turning to its 52-week performance, $36.18 and $20.66 were the 52-week high and 52-week low respectively. Overall, GIII moved -16.63% over the past month.
G-III Apparel Group Ltd’s market cap currently stands at around $1.19 billion, with investors looking forward to this quarter’s earnings report slated for in April.
Analysts have a consensus estimate of 807.11M for the company’s revenue for the quarter, with a low and high estimate of 802.74M and 809.9M respectively. The average forecast suggests up to a 5.54% 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 3.15B, representing a 1.62% jump 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 Hold 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 -6.71% and -12.78% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 32.97, while 7-day volatility ratio is 6.25% and 3.98% in the 30-day chart. Further, G-III Apparel Group Ltd (GIII) has a beta value of 2.10, and an average true range (ATR) of 1.21. Analysts have given the company’s stock an average 52-week price target of $36, forecast between a low of $36 and high of $36. Looking at the price targets, the low is -32.99% off current price level while to achieve the yearly target high, price needs to move -32.99%. Nonetheless, investors will most likely welcome a -32.99% jump to $36 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 503.25K over the past 3 months. The company’s latest data on shares outstanding shows there are 43.88 million shares.
The 13.00% of G-III Apparel Group Ltd’s shares are in the hands of company insiders while institutional holders own 99.80% of the company’s shares. Current price change has pushed the stock -17.01% 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.
