Market Overview

G-III Apparel Group Drops Near 20% In One Day

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G-III Apparel Group, Ltd. (NASDAQ: GIII) shares fell 19.4 percent on Tuesday after an earnings miss and weak guidance before the market open.

Outside of the company's conference call, investors should also take a look at the metrics.

G-III's price-to-earnings-to-growth ratio is 1.00 times, better than the industry average. Wall Street's consensus price target is $65.44; shares ranged between $39.50 and $73.93 during the 52-week period.

G-III Apparel Group gained 24.79% in the year-to-date period before the day’s loss. While the quarterly performance indicated 19.4% gain, the monthly performance suggested 13.6% gain. However, the stock is trading down the 20-day, 50-day and 200-day moving averages by 18.72%, 11.59% and 25.44% respectively.

Posted-In: G-IIIMovers

 

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