G III Apparel Group Ltd (NASDAQ: GIII). Notable positive changes in fundamentals have recently occurred: the consensus estimate for January, 2024 increased significantly, the consensus estimate for January, 2023 increased significantly, and significant quarterly earnings acceleration occurred.
Significant positive changes in investment behavior have recently occurred for G III Apparel Group Ltd (NASDAQ: GIII): the stock’s recent price rise disrupted its longer term downtrend.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above 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 79 and a very high Power Rating of 99, resulting in the Highest Value Trend Rating.
Recent Price Action
G III Apparel Group Ltd (NASDAQ: GIII) stock closed at $32.31 on 1/3/24 after a decline of -3.7%. NORMAL trading volume accompanied the decline. The stock has been exceptionally strong relative to the market over the last nine months but has declined -3.7% during the last week.
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