An Evaluation Of G-III Apparel Group Ltd. (NASDAQ: GIII) Prospects

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Earlier, Yahoo Finance discussed this stock as it revealed G-III Apparel Group Appoints Dana Perlman as its New Chief Growth and Operations Officer.

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Stocks Info

GIII belongs to the Consumer Cyclical sector of the NASDAQ while operating in the Apparel Manufacturing industry. At the end of the last regular session, the stock closed at $30.90 and fluctuated between $30.98 as its day high and $30.07 as its day low. The current market capitalization of G-III Apparel Group Ltd. is $1.41B. A total of 0.55 million shares were traded on the day, compared to an average of 625.82K shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, GIII has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 15 BUYs and 10 SELLs from insiders. Insiders purchased 323,786 shares during that period but sold 662,444.

In the most recent transaction, NACKMAN NEAL sold 31,762 shares of GIII for 35.29 per share on Dec 15. After the transaction, the Chief Financial Officer/Treas now owns 55,977 company shares. In a previous transaction on Oct 16, POMERANTZ LAURA H sold 10,904 shares at 24.21 per share. GIII shares that Director owns now total 20,166.

Among the insiders who sold shares, FELLER ALAN disposed of 10,000 shares on Sep 11 at a per-share price of $24.04. This resulted in the Director holding 29,357 shares of GIII after the transaction. In another insider transaction, POMERANTZ LAURA H sold 10,904 shares at $20.42 per share on Jul 12. Company shares held by the Director now total 31,070.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for GIII in the last 3 months, the mean price target is $30.33 with high estimates of $36.00 and low estimates of $24.00. In terms of 52-week highs and lows, GIII has a high of $35.68 and a low of $13.59.

As of this writing, GIII has an earnings estimate of $GREEN GLOBE INTERNATIONAL INC per share for the current quarter. EPS was calculated based on a consensus of GLOBAL TECH INDUSTRIES GROUP IN estimates, with a high estimate of $Information Services Group, Inc per share and a lower estimate of $G-III Apparel Group, LTD.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. GIII’s latest balance sheet shows that the firm has $465.98M in Cash & Short Term Investments as of fiscal 2022. There were $705.21M in debt and $510.81M in liabilities at the time. Its Book Value Per Share was $32.87, while its Total Shareholder’s Equity was $1.52B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for GIII is Buy with a score of 3.00.

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