Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate G-III Apparel Group Ltd before investing.

In this article, we go over a few key elements for understanding G-III Apparel Group Ltd’s stock price such as:

• G-III Apparel Group Ltd’s current stock price and volume
• Why G-III Apparel Group Ltd’s stock price changed recently
• Upgrades and downgrades for GIII from analysts
• GIII’s stock price momentum as measured by its relative strength

About G-III Apparel Group Ltd (GIII)

Before we jump into G-III Apparel Group Ltd’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

G-III Apparel Group, Ltd. designs, sources and markets a range of apparel, including outerwear, dresses, sportswear, swimwear, women’s suits and women’s performance wear, as well as women’s handbags, footwear, small leather goods, cold weather accessories and luggage. Its segments include wholesale operations and retail operations. The wholesale operations segment includes sales of products to retailers under owned, licensed and private label brands, as well as sales related to the Vilebrequin and Karl Lagerfeld businesses, other than sales of products under the Karl Lagerfeld Paris brand from its retail stores and digital outlets. The retail operations segment consists primarily of direct sales to consumers through its Company-operated stores and through digital channels. Its Company-operated retail channels consist primarily of DKNY and Karl Lagerfeld Paris stores, as well as the digital channels for DKNY, Donna Karan, Karl Lagerfeld Paris, G.H. Bass, Andrew Marc and Wilsons Leather.

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G-III Apparel Group Ltd’s Stock Price as of Market Close

As of September 05, 2024, 4:00 PM, CST, G-III Apparel Group Ltd’s stock price was $30.55.

G-III Apparel Group Ltd is up 22% from its previous closing price of $25.04.

During the last market session, G-III Apparel Group Ltd’s stock traded between $24.83 and $25.34. Currently, there are 45.48 million shares of G-III Apparel Group Ltd stock available for purchase.

G-III Apparel Group Ltd’s price-earnings (P/E) ratio is currently at 6.5, which is low compared to the Apparel & Accessories industry median of 18.4. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

G-III Apparel Group Ltd Stock Price History

G-III Apparel Group Ltd’s (GIII) price is currently up 15.41% so far this month.

During the month of September, G-III Apparel Group Ltd’s stock price has reached a high of $32.10 and a low of $24.83.

Over the last year, G-III Apparel Group Ltd has hit prices as high as $35.68 and as low as $19.00. Year to date, G-III Apparel Group Ltd’s stock is up 122.83%.

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What Caused G-III Apparel Group Ltd Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of September 04, 2024, there were 0 analysts who downgraded G-III Apparel Group Ltd’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate G-III Apparel Group Ltd’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on G-III Apparel Group Ltd’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

G-III Apparel Group Ltd’s current valuation based on AAII’s Value Grade is a A, which means it is considered to be Deep Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about G-III Apparel Group Ltd (GIII) by visiting AAII Stock Evaluator.

Relative Price Strength of G-III Apparel Group Ltd

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of September 04, 2024, G-III Apparel Group Ltd has a weighted four-quarter relative price strength of -0.81%, which translates to a Momentum Score of 61 and is considered to be Strong.

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G-III Apparel Group Ltd Stock Price: Bottom Line

As of September 5, 2024, G-III Apparel Group Ltd’s stock price is $30.55, which is up 22% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like G-III Apparel Group Ltd stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.