With 0.83 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.49 million shares. The 52-week range on GIII shows that it touched its highest point at $36.18 and its lowest point at $20.66 during that stretch. It currently has a 1-year price target of $36.40. Beta for the stock currently stands at 2.09.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of GIII was down-trending over the past week, with a drop of -8.03%, but this was down by -17.06% over a month. Three-month performance dropped to -8.66% while six-month performance rose 0.57%. The stock lost -19.68% in the past year, while it has lost -18.18% so far this year. A look at the trailing 12-month EPS for GIII yields 3.82 with Next year EPS estimates of 4.13. For the next quarter, that number is 0.96. This implies an EPS growth rate of 2.79% for this year and -0.61% for next year. EPS is expected to decline by -1.18% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 6.42%.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GIII since 6 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $4.00057 being high and $3.94057 being low. For GIII, this leads to a yearly average estimate of $3.97057. Based on analyst estimates, the high estimate for the next quarter is $0.12 and the low estimate is $0.01. The average estimate for the next quarter is thus $0.08.
