G III Apparel Group Ltd (NASDAQ: GIII) has reported E.P.S. of $0.54 for its second fiscal quarter (ending July 31) versus $0.36 for the same period a year ago — an increase of 50%. For the latest four quarters through July 31, E.P.S. were $4.09 versus $-3.82 for the same period a year ago.
Recent Price Action
G III Apparel Group Ltd (NASDAQ: GIII) stock enjoyed a major increase of 22.0% on 9/5/24. The shares closed at $30.55. Moreover, exceptionally high trading volume at 453% of normal accompanied the advance. The stock has been weak relative to the market over the last nine months but has risen 16.2% during the last week.
Current PriceTarget Research Rating
GIII’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
G III Apparel Group has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. G III Apparel Group has a good Appreciation Score of 79 but a very low Power Rating of 13, leading to the Low Neutral Value Trend Rating.
Rating Review
In light of this new information and very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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