Market Recap Check: G-III Apparel Group Ltd. (GIII)’s Negative Finish at 30.53, Up/Down -1.04

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The price of G-III Apparel Group Ltd. (NASDAQ: GIII) closed at $30.53 in the last session, down -1.04% from day before closing price of $30.85. In other words, the price has decreased by -$1.04 from its previous closing price. On the day, 0.96 million shares were traded. GIII stock price reached its highest trading level at $30.89 during the session, while it also had its lowest trading level at $29.82.

Ratios:

We take a closer look at GIII’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.23 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 3.09. 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:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 1354277248 and an Enterprise Value of 1555177088. As of this moment, G-III’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.61, and their Forward P/E ratio for the next fiscal year is 7.71. 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 0.89. Its current Enterprise Value per Revenue stands at 0.504 whereas that against EBITDA is 4.749.

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 16.18%, while the 200-Day Moving Average is calculated to be 5.77%.

Shares Statistics:

According to the various share statistics, GIII traded on average about 632.70K shares per day over the past 3-months and 831260 shares per day over the past 10 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 101.21% stake in the company. Shares short for GIII as of 1723680000 were 3592962 with a Short Ratio of 5.68, compared to 1721001600 on 3560205. Therefore, it implies a Short% of Shares Outstanding of 3592962 and a Short% of Float of 12.2.

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