GIII Stock Summary and Trading Ideas (G-Iii Apparel Group Ltd. | NASDAQ:GIII)

G-III Apparel Group Ltd is a textile company. It makes a wide range of apparel, footwear, and accessories that it sells under its own brands, licensed brands, and private-label brands. G-III has a substantial portfolio for licensed and proprietary brands, anchored by five global power brands: DKNY, Donna Karan, Calvin Klein, Tommy Hilfiger, and Karl Lagerfeld. The company has two reportable operations: Wholesale Operations and Retail Operations. The Wholesale operations segment includes sales of products under brands licensed by from third parties, as well as sales of products under its own brands and private label brands. The retail operations segment consists primarily of Wilsons Leather, G.H. Bass, and DKNY retail stores. It derives most of its revenues from Wholesale operations.

G-Iii Apparel Group Ltd. trades on the NASDAQ stock market under the symbol GIII.

As of April 19, 2024, GIII stock price climbed to $27.64 with 318,601 million shares trading.

GIII has a beta of 0.98, meaning it tends to be less sensitive to market movements. GIII has a correlation of 0.06 to the broad based SPY ETF.

GIII has a market cap of $1.26 billion. This is considered a Small Cap stock.

Last quarter G-Iii Apparel Group Ltd. reported $765 million in Revenue and $.76 earnings per share. This fell short of revenue expectation by $-53 million and exceeded earnings estimates by $.09.

In the last 3 years, GIII stock traded as high as $35.80 and as low as $11.60.

The top ETF exchange traded funds that GIII belongs to (by Net Assets): CALF, IJR, VTI, VB, IWM.

GIII has outperformed the market in the last year with a price return of +70.1% while the SPY ETF gained +21.2%. However, in the short term, GIII had mixed performance relative to the market. It has underperformed in the last 3 months, returning -9.0% vs +4.3% return in SPY. But in the last 2 weeks, GIII shares have fared better than the market returning -1.4% compared to SPY -3.5%.

GIII support price is $26.48 and resistance is $27.83 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GIII stock will trade within this expected range on the day.