On 3/4/24, G III Apparel Group Ltd (NASDAQ: GIII) stock suffered a major decline of -10.6%, closing at $29.73. Moreover, this decline was accompanied by exceptionally high trading volume at 236% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -10.5% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, GIII is expected to continue to be a Value Builder.
G III Apparel Group has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. G III Apparel Group has a good Appreciation Score of 78 and a very high Power Rating of 99, producing the Highest Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
Be the first to comment