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The closing price of G-III Apparel Group Ltd. (NASDAQ: GIII) was $30.05 for the day, down -4.81% from the previous closing price of $31.57. In other words, the price has decreased by -$4.81 from its previous closing price. On the day, 0.58 million shares were traded. GIII stock price reached its highest trading level at $31.54 during the session, while it also had its lowest trading level at $29.82.
Ratios:
Our analysis of GIII’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.18 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 3.04. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Sep 24 ’24 when MORRIS GOLDFARB& ARLENE GOLDFA bought 100,000 shares for $31.59 per share.
NACKMAN NEAL sold 31,762 shares of GIII for $1,120,881 on Dec 15 ’23. The Chief Financial Officer/Treas now owns 55,977 shares after completing the transaction at $35.29 per share. On Oct 16 ’23, another insider, POMERANTZ LAURA H, who serves as the Director of the company, sold 10,904 shares for $24.21 each. As a result, the insider received 263,986 and left with 20,166 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 1318729216 and an Enterprise Value of 1534112512. As of this moment, G-III’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.49, and their Forward P/E ratio for the next fiscal year is 7.55. 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 0.87. Its current Enterprise Value per Revenue stands at 0.497 whereas that against EBITDA is 4.685.
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 9.84%, while the 200-Day Moving Average is calculated to be 3.58%.
Shares Statistics:
GIII traded an average of 571.93K shares per day over the past three months and 637110 shares per day over the past ten days. 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 101.31% stake in the company. Shares short for GIII as of 1724976000 were 3516609 with a Short Ratio of 7.61, compared to 1722384000 on 3473602. Therefore, it implies a Short% of Shares Outstanding of 3516609 and a Short% of Float of 12.41.
