G III Apparel Group Ltd (NASDAQ: GIII) has reported earnings for its fourth fiscal quarter (ending January 31) of $0.63 versus a loss $-5.54 for the same period a year ago. Relative to the consensus estimate of $0.65, this was a shortfall of $-0.02. For the latest four quarters through January 31, E.P.S. were $3.84 compared to $-2.79 a year ago.
Recent Price Action
G III Apparel Group Ltd (NASDAQ: GIII) stock closed at $26.67 on 3/14/24 after a major decline of -12.1%. Moreover, exceptionally high trading volume at 371% of normal accompanied the decline. The stock has been exceptionally strong relative to the market over the last nine months but has declined -9.0% 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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. G III Apparel Group has a good Appreciation Score of 83 and a very high Power Rating of 91, leading to the Highest Value Trend Rating.
Rating Review
In light of this new information and highly negative price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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