A Basic Overview: G-III Apparel Group Ltd. (GIII)

G-III Apparel Group Ltd.’s stock (NASDAQ:GIII) has been rated as Market Perform by Cowen. This latest rating was contained in a recent research note published by the firm on March 24, 2020 and has set a $8 price target for the stock. Some experts on Wall Street have also posted a report on G-III Apparel Group Ltd. (GIII) stock.

Telsey Advisory Group rated the stock as a Market Perform in a research noted published on March 20, 2020. Wells Fargo rated the stock as a Overweight in a research note published on January 02, 2020.

As it stands, a total of 11 analysts are covering GIII stock, with 6 of them rating it as a Buy while 1 of them rating it as Overweight. 4 analysts meanwhile advised investors to Hold, 0 rated it as Underweight while the 0 rated it as a Sell. A look at the overall ratings means that G-III Apparel Group Ltd. (GIII) stock has an average rating of Overweight.

G-III Apparel Group Ltd. (GIII) which is currently valued at 525.49 million. In recent quarter, the company recorded a revenue of 468.39 million, which was lower than the forecast of 633.6 million made by some analysts. For that same quarter, G-III Apparel Group Ltd. (GIII) posted $0.25 earnings per share (EPS) which was above the analyst consensus estimate of $0.22 by $0.03, which represents an increase by 13.60%.

The stock market has a tendency to become sophisticated sometimes, even for seasoned investors and traders. Even when a trader got what he/she had expected, the market sometimes decides to move in the opposite direction. This volatility sometimes leads to some traders doubting and second-guessing their moves. This is why getting to know historical price performance, as well as both long-term and short-term trends, is very important. Over the past one week, GIII price has surged by 33.29%. A look at its price performance over the past three months sees the stock go down by -60.56%, while it has lost -55.50% over the past six months and -73.23% since the start of the year.

Let us now look at some of its likely support and resistance level. Recent research on G-III Apparel Group Ltd. (GIII) has seen its stock trading -62.25% below its three-month high price. A look at the other side also sees stock trading +282.77% above its three-month low. A wider look sees GIII trading -62.25% below its 52-week high and 282.77% above from its 52-week low price.

Shareholders of the company sometimes like to find out how their investments are growing. G-III Apparel Group Ltd. (GIII) has so far given an ROE of 11.70%. When the ROE is low, it means that the company isn’t generating enough profits. The Return on Assets (ROA) ratio meanwhile is an indication of how profitable a company is relative to the total asset it owns. G-III Apparel Group Ltd. (GIII)’s ROA at the moment stands at 5.40%. Any company that is managing its assets better will have a higher return while one that manages assets poorly would result in low returns.

G-III Apparel Group Ltd. (GIII) has a return on investment (ROI) of 11.20%. The higher the ROI percentage, the higher the profit exceeds the costs, thus analysts consider such investments as an overall gain. A negative ROI, however, means that the cost is higher than the profits, a scenario analysts consider as a net loss.

Let us now take a look at G-III Apparel Group Ltd. (GIII)’s trading volatility. Its 7-day volatility is around 11.09%, while it has a monthly volatility of 13.23%. GIII has an ATR (Average True Range) of 1.19 and a beta factor of 2.24. The volatility of a stock is an indication of the stock’s drop or gain in case the wider market drops or surges. A beta score higher than 1 means that a stock is highly volatile while below 1 means that the volatility of a stock is low.

The price of GIII lifted by $0.08 during the normal trading session on Thursday to trade at $11.33. The G-III Apparel Group Ltd. (GIII) stock has a trading volume of 1.75 million shares, which is high, compared to its average daily volume of 1.25M shares.