In yesterday’s Wall Street session, G-III Apparel Group Ltd. (NASDAQ:GIII) shares traded at $28.82, up 2.89% from the previous session.
GIII stock price is now 3.14% away from the 50-day moving average and 3.88% away from the 200-day moving average. The market capitalization of the company currently stands at $1.30B.
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With the price target reduced from $30 to $29, Telsey Advisory Group maintained Market Perform rating for G-III Apparel Group Ltd. (NASDAQ: GIII). On March 04, 2024, Barclays Downgraded its previous ‘Equal Weight’ rating to ‘Underweight’ on the stock reducing its target price from $30 to quote $23, while ‘Wells Fargo’ rates the stock as ‘Underweight’
In other news, NACKMAN NEAL, Chief Financial Officer/Treas sold 31,762 shares of the company’s stock on Dec 15 ’23. The stock was sold for $1,120,881 at an average price of $35.29. Upon completion of the transaction, the Chief Financial Officer/Treas now directly owns 55,977 shares in the company, valued at $1.61 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 16 ’23, Director POMERANTZ LAURA H sold 10,904 shares of the business’s stock. A total of $263,986 was realized by selling the stock at an average price of $24.21. This leaves the insider owning 20,166 shares of the company worth $0.58 million. A total of 13.30% of the company’s stock is owned by insiders.
During the past 12 months, G-III Apparel Group Ltd. has had a low of $15.83 and a high of $35.68. As of last week, the company has a debt-to-equity ratio of 0.42, a current ratio of 3.36, and a quick ratio of 2.30. The fifty day moving average price for GIII is $27.9848 and a two-hundred day moving average price translates $27.7814 for the stock.
The latest earnings results from G-III Apparel Group Ltd. (NASDAQ: GIII) was released for 2024-01-31. The net profit margin was 5.69% and return on equity was 12.00% for GIII. The company reported revenue of $764.78 million for the quarter, compared to $854.43 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -10.49 percent.
