G-III Apparel Group Ltd. (NASDAQ: GIII) closed the day trading at $26.34 up 0.57% from the previous closing price of $26.19. In other words, the price has increased by $+0.15 from its previous closing price. On the day, 1254702 shares were traded.
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 2.37 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 2.34. 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 0.42 whereas as Long-Term Debt/Eq ratio is at 0.42.
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 March 15, 2024, Reiterated its Market Perform rating but revised its target price to $29 from $30 previously.
On March 04, 2024, Barclays Downgraded its rating to Underweight which previously was Equal Weight and also lowered its target price recommendation from $30 to $23.
Wells Fargo Downgraded its Equal Weight to Underweight on January 16, 2024, whereas the target price for the stock was revised from $30 to $24.
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. On Sep 11 ’23, 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 1.20B and an Enterprise Value of 1.71B. As of this moment, G-III’s Price-to-Earnings (P/E) ratio for their current fiscal year is 6.98, and their Forward P/E ratio for the next fiscal year is 7.22. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.39 while its Price-to-Book (P/B) ratio in mrq is 0.80. Its current Enterprise Value per Revenue stands at 0.54 whereas that against EBITDA is 5.80.
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 30.86, while the 200-Day Moving Average is calculated to be 25.84.
Shares Statistics:
Over the past 3-months, GIII traded about 653.02K shares per day on average, while over the past 10 days, GIII traded about 1.15M shares per day. 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 97.43% stake in the company. Shares short for GIII as of Feb 29, 2024 were 5.21M with a Short Ratio of 7.98, compared to 4.75M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 11.39% and a Short% of Float of 18.63%.
Earnings Estimates
Current recommendations for the stock of the company come from 6 analysts. On average, analysts expect EPS of -$0.02 for the current quarter, with a high estimate of $0.05 and a low estimate of -$0.05, while EPS last year was $0.13. The consensus estimate for the next quarter is $0.35, with high estimates of $0.41 and low estimates of $0.26.
Analysts are recommending an EPS of between $3.7 and $3.43 for the fiscal current year, implying an average EPS of $3.56. EPS for the following year is $3.7, with 6 analysts recommending between $3.98 and $3.29.
Revenue Estimates
A total of 6 analysts have provided revenue estimates for GIII’s current fiscal year. The highest revenue estimate was $3.2B, while the lowest revenue estimate was $3.09B, resulting in an average revenue estimate of $3.17B. In the same quarter a year ago, actual revenue was $3.1B, up 2.30% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $3.2B in the next fiscal year. The high estimate is $3.34B and the low estimate is $2.96B. The average revenue growth estimate for next year is up 1.00% from the average revenue estimate for this year.
