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In the latest session, G-III Apparel Group Ltd. (NASDAQ: GIII) closed at $29.18 down -4.17% from its previous closing price of $30.45. In other words, the price has decreased by -$4.17 from its previous closing price. On the day, 0.52 million shares were traded. GIII stock price reached its highest trading level at $30.33 during the session, while it also had its lowest trading level at $29.025.
Ratios:
For a deeper understanding of G-III Apparel Group Ltd.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.09 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 2.96. 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Sep 24 ’24 when GOLDFARB MORRIS sold 100,000 shares for $31.59 per share. The transaction valued at 3,159,000 led to the insider holds 3,990,085 shares of the business.
GOLDFARB MORRIS sold 67,014 shares of GIII for $2,030,524 on Sep 26 ’24. The CEO now owns 3,923,071 shares after completing the transaction at $30.30 per share. On Sep 26 ’24, another insider, MORRIS GOLDFARB & ARLENE GOLDF, who serves as the Officer of the company, bought 67,014 shares for $30.29 each.
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 1337161856 and an Enterprise Value of 1495933056. As of this moment, G-III’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.27, and their Forward P/E ratio for the next fiscal year is 7.33. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.41 while its Price-to-Book (P/B) ratio in mrq is 0.85. Its current Enterprise Value per Revenue stands at 0.485 whereas that against EBITDA is 4.568.
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 5.14%, while the 200-Day Moving Average is calculated to be 0.77%.
Shares Statistics:
For the past three months, GIII has traded an average of 550.29K shares per day and 650870 over the past ten days. A total of 45.73M shares are outstanding, with a floating share count of 38.11M. Insiders hold about 13.17% of the company’s shares, while institutions hold 101.34% stake in the company. Shares short for GIII as of 1726185600 were 4349548 with a Short Ratio of 7.90, compared to 1723680000 on 3592962. Therefore, it implies a Short% of Shares Outstanding of 4349548 and a Short% of Float of 15.35.
