Correction imminent in G-III Apparel Group Ltd. (NASDAQ:GIII)?


Shares of G-III Apparel Group, Ltd. (NASDAQ:GIII) last traded at $22.92. The firm’s performance so far in this year is -22.46%. The 200-day simple moving average is -15.73%. It is considered a key indicator by market analysts and traders for determining the long-term trend. The price mark in a market that coincides with it is recognized as a key support when price moves above the 200-day SMA or resistance when stock price is below this level.

As per recent filings, G-III Apparel Group, Ltd. (NASDAQ:GIII) has an insider ownership of 10.00%.

G-III Apparel Group, Ltd. designs, manufactures, imports & markets an extensive range of leather & non-leather apparel including coats, jackets, pants, skirts & other sportswear items.

G-III Apparel Group, Ltd. (NASDAQ:GIII) has been storming Wall Street with promising press release. Recently, the firm reported that according to the March 2017 analysis commissioned by RetailMeNot and performed by Forrester Consulting, the firm’s mobile marketing solutions result in a 3-year, risk-adjusted ROI of 4.3x.

The Barchart Technical Opinion rating is a 8% Buy with a Average short term outlook on maintaining the current direction. Longer term, the trend strength is Minimum.

The Exponential Moving Average is a tool same as a simple moving average, with the only difference being a weighting factor used by EMA that exponentially declines from the recent data point. EMA analysis checks the averages for different period, including short term that is 5 days and 13 days, intermediate term for 20 days and long term of 50 days EMA. The bullish signals are received when they trade above trailing EMAs and below the prevailing price and vice versa. EMA signals include crossovers and EMA convergences The long term and short term EMA’s of 20.91 and 22.31 are lower than the current trading price suggesting a bullish pattern in both short term as well as long term. .

The relative strength index can be marked as a momentum oscillator that is able to read the velocity and magnitude of equity price changes. The current RSI is 59.39 suggesting a bullish price action.

G-III Apparel Group, Ltd. (NASDAQ:GIII) is all set to post its earnings on Jun 06/b. As per Zack’s analyst ratings, G-III Apparel Group, Ltd. (NASDAQ:GIII) presently has an average brokerage rating of 1.86. On a scale of 1 – 5, a rating of 2 or 1 would indicate a buy, and a 4 or 5 rating would signify a sell while a rating of 3 indicates a hold. The consensus target price on (NASDAQ:GIII) is $27 with a high of $41 and a low of $19.

As such, while we consider G-III Apparel Group, Ltd. (NASDAQ:GIII) represents a convincing growth story exposed to different attractive markets, it would be enticing to see what it brings for long-term investors.

G-III Apparel Group, Ltd. (NASDAQ:GIII) announced today that management will deliver a presentation on behalf of the company at the 37th Annual Piper Jaffray Consumer Conference being held at The New York Palace in New York City.

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