After finishing at $33.24 in the prior trading day, G-III Apparel Group Ltd. (NASDAQ: GIII) closed at $29.73, down -10.56%. In other words, the price has decreased by -$3.51 from its previous closing price. On the day, 1324289 shares were traded.
Ratios:
Our goal is to gain a better understanding of GIII by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.89 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 2.64. For the most recent quarter (mrq), Quick Ratio is recorded 1.86 and its Current Ratio is at 2.84. In the meantime, Its Debt-to-Equity ratio is 0.47 whereas as Long-Term Debt/Eq ratio is at 0.39.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Barclays on March 04, 2024, Downgraded its rating to Underweight and sets its target price to $23 from $30 previously.
On January 16, 2024, Wells Fargo Downgraded its rating to Underweight which previously was Equal Weight and also lowered its target price recommendation from $30 to $24.
Telsey Advisory Group reiterated its Market Perform rating for the stock on December 02, 2022, while the target price for the stock was revised from $22 to $14.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 15 when NACKMAN NEAL sold 31,762 shares for $35.29 per share. The transaction valued at 1,120,881 led to the insider holds 55,977 shares of the business.
POMERANTZ LAURA H sold 10,904 shares of GIII for $263,986 on Oct 16. The Director now owns 20,166 shares after completing the transaction at $24.21 per share. On Sep 11, another insider, FELLER ALAN, who serves as the Director of the company, sold 10,000 shares for $24.04 each. As a result, the insider received 240,400 and left with 29,357 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, GIII now has a Market Capitalization of 1.52B and an Enterprise Value of 2.02B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.43 while its Price-to-Book (P/B) ratio in mrq is 0.90. Its current Enterprise Value per Revenue stands at 0.63 whereas that against EBITDA is 6.87.
Stock Price History:
Over the past 52 weeks, GIII has reached a high of $35.68, while it has fallen to a 52-week low of $13.59. The 50-Day Moving Average of the stock is 31.91, while the 200-Day Moving Average is calculated to be 25.18.
Shares Statistics:
The stock has traded on average 647.27K shares per day over the past 3-months and 628.7k shares per day over the last 10 days, according to various share statistics. A total of 46.72M shares are outstanding, with a floating share count of 40.05M. Insiders hold about 12.42% of the company’s shares, while institutions hold 97.21% stake in the company. Shares short for GIII as of Feb 15, 2024 were 4.77M with a Short Ratio of 7.37, compared to 5.1M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 10.44% and a Short% of Float of 17.07%.
Earnings Estimates
Its stock is currently analyzed by 6 different market analysts. On average, analysts expect EPS of $0.65 for the current quarter, with a high estimate of $0.72 and a low estimate of $0.56, while EPS last year was $0.41. The consensus estimate for the next quarter is $0.11, with high estimates of $0.17 and low estimates of $0.05.
Analysts are recommending an EPS of between $4.01 and $3.85 for the fiscal current year, implying an average EPS of $3.95. EPS for the following year is $3.96, with 6 analysts recommending between $4.12 and $3.73.
Revenue Estimates
6 analysts predict $818.5M in revenue for the current quarter. It ranges from a high estimate of $846M to a low estimate of $799.46M. As of the current estimate, G-III Apparel Group Ltd.’s year-ago sales were $854.43M, an estimated decrease of -4.20% from the year-ago figure.
A total of 6 analysts have provided revenue estimates for GIII’s current fiscal year. The highest revenue estimate was $3.18B, while the lowest revenue estimate was $3.13B, resulting in an average revenue estimate of $3.15B. In the same quarter a year ago, actual revenue was $3.23B, down -2.30% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $3.23B in the next fiscal year. The high estimate is $3.33B and the low estimate is $3.17B. The average revenue growth estimate for next year is up 2.60% from the average revenue estimate for this year.
