Extremely significant positive changes in G III Apparel Group Ltd (NASDAQ: GIII) investment behavior have recently occurred: the stock’s recent price rise disrupted its longer term downtrend, and its longer term price trend turned up.
Recent meaningful positive changes in fundamentals have benefitted G III Apparel Group Ltd (NASDAQ: GIII). Positive developments: the consensus estimate for January, 2025 increased significantly, the consensus estimate for January, 2024 increased significantly, and significant quarterly earnings acceleration occurred. Negative development: significant quarterly sales deceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
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 (Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. G III Apparel Group has a good Appreciation Score of 72 but a slightly negative Power Rating of 39, and the Neutral Value Trend Rating results.
Recent Price Action
On 9/13/24, G III Apparel Group Ltd (NASDAQ: GIII) stock enjoyed a large increase of 3.7%, closing at $31.19. Trading volume in this advance was normal. Relative to the market the stock has been weak over the last nine months but has risen 2.1% during the last week.
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