One of the most dreaded feelings for an investor is when the stock they just bought is overvalued, or they missed out on an undervalued opportunity by not acting fast enough.

But what if you had the insights to effectively evaluate a company like G-III Apparel Group Ltd before investing? Investing requires a certain perspective to avoid being overly confident in a company or worried about cyclical changes. A smart way to take the guesswork out of knowing when to buy or sell G-III Apparel Group Ltd’s stock is to have the right tools and resources as well as a clear monitoring process.

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

• Current stock price and volume
• Stock price history
• Upgrades and downgrades from analysts
• 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 07, 2023, 4:00 PM CST, G-III Apparel Group Ltd’s stock price was $23.98.

G-III Apparel Group Ltd is up 24.25% from its previous closing price of $19.30.

During the last market session, G-III Apparel Group Ltd’s stock traded between $19.00 and $19.53. Currently, there are 46.29 million shares of G-III Apparel Group Ltd stock available for purchase.

Unfortunately, G-III Apparel Group Ltd’s P/E ratio is not significant enough to use for stock price evaluation. We recommend investors evaluate other financial metrics to understand its overall valuation.

G-III Apparel Group Ltd Stock Price History

G-III Apparel Group Ltd’s (GIII) price is currently up 20.81% so far this month.

During the month of September, G-III Apparel Group Ltd’s stock price has reached a high of $24.47 and a low of $19.00.

Over the last year, G-III Apparel Group Ltd has hit prices as high as $22.47 and as low as $11.60. Year to date, G-III Apparel Group Ltd’s stock is down 13.24%.

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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?

One of the most common factors that can drastically impact a stock’s price is analyst upgrades and downgrades. 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 06, 2023, 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. It is possible for a stock to appear cheap based on one valuation metric but appear expensive on another. It is also possible for one valuation ratio to be associated with outperforming stocks during certain periods of time but not others.

Therefore, AAII developed a composite valuation to help resolve such issues. AAII’s Value Grade analyzes six distinct variables: price-to-sales (P/S) ratio, price-earnings (P/E) ratio, the ratio of enterprise value to earnings before interest, taxes, depreciation and amortization (EV/EBITDA), shareholder yield, price-to-book-value (P/B) ratio and price-to-free-cash-flow (P/FCF) ratio.

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 addresses the relationship between a stock price’s trend and the price trend of the market. This ratio is expressed as a percentage and helps investors understand a company’s momentum as well as its value. You can use relative price strength to select investments that have been outperforming the market or a specific benchmark.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. The weighted four-quarter relative price strength rank is the relative price change for each of the past four quarters. The most recent quarterly price change is given a weight of 40%, and each of the three previous quarters are given a weighting of 20%.

As of September 06, 2023, G-III Apparel Group Ltd has a weighted four-quarter relative price strength of -1.68%, which translates to a Momentum Score of 62 and is considered to be Strong.

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G-III Apparel Group Ltd Stock Price: Bottom Line

As of September 7, 2023, G-III Apparel Group Ltd’s stock price is $23.98, which is up 24.25% from its previous closing price.

At AAII, we stress that investors should never buy or sell a stock solely based on its stock price. Past returns do not guarantee future performance. Therefore, you should consider multiple ratios, fundamentals and analytics before making a decision. Whether you decide it’s a good time to buy or sell G-III Apparel Group Ltd’s stock based on its stock price forecast is ultimately up to you.

It’s important to understand that stock prices are driven by a variety of factors, but ultimately the price at any given moment is due to the supply and demand in the market. Stock price overviews, like the one you just read, only give you a small snapshot of a company’s performance, value and momentum.

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