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G-III Apparel Group Ltd. (NASDAQ: GIII) closed the day trading at $31.19 up 3.72% from the previous closing price of $30.07. In other words, the price has increased by $3.72 from its previous closing price. On the day, 0.55 million shares were traded. GIII stock price reached its highest trading level at $31.19 during the session, while it also had its lowest trading level at $30.41.
Ratios:
For a better understanding of GIII, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.30 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 3.16. For the most recent quarter (mrq), Quick Ratio is recorded 1.80 and its Current Ratio is at 2.92. In the meantime, Its Debt-to-Equity ratio is 0.42 whereas as Long-Term Debt/Eq ratio is at 0.37.
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 this company, Telsey Advisory Group on September 06, 2024, Reiterated its Market Perform rating but revised its target price to $32 from $29 previously.
On March 15, 2024, Telsey Advisory Group reiterated its Market Perform rating and also upped its target price recommendation from $30 to $29.
Barclays Downgraded its Equal Weight to Underweight on March 04, 2024, whereas the target price for the stock was revised from $30 to $23.
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 ’23 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 ’23. The Director now owns 20,166 shares after completing the transaction at $24.21 per share.
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 1368757632 and an Enterprise Value of 1584140928. As of this moment, G-III’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.78, and their Forward P/E ratio for the next fiscal year is 7.88. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.44 while its Price-to-Book (P/B) ratio in mrq is 0.90. Its current Enterprise Value per Revenue stands at 0.513 whereas that against EBITDA is 4.838.
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 $20.66. The 50-Day Moving Average of the stock is 17.73%, while the 200-Day Moving Average is calculated to be 7.92%.
Shares Statistics:
Over the past 3-months, GIII traded about 635.53K shares per day on average, while over the past 10 days, GIII traded about 890100 shares per day. A total of 45.73M shares are outstanding, with a floating share count of 37.94M. Insiders hold about 13.54% of the company’s shares, while institutions hold 101.24% stake in the company. Shares short for GIII as of 1724976000 were 3516609 with a Short Ratio of 5.53, compared to 1722384000 on 3473602. Therefore, it implies a Short% of Shares Outstanding of 3516609 and a Short% of Float of 12.41.
