Extremely important positive changes in investment behavior have recently occurred for G III Apparel Group Ltd (NASDAQ: GIII): positive upside/downside volume developed, the stock’s recent price rise disrupted its longer term downtrend, and its shorter term price trend turned up.
Slight positive changes in fundamentals have recently occurred for G III Apparel Group Ltd (NASDAQ: GIII): significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to 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 B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. G III Apparel Group has a slightly positive Power Rating of 61 and a good Appreciation Score of 72, leading to the Positive Value Trend Rating.
Recent Price Action
On 5/28/24, G III Apparel Group Ltd (NASDAQ: GIII) stock enjoyed a large increase of 3.1%, closing at $29.70. NORMAL trading volume accompanied the advance. The stock has been strong relative to the market over the last nine months and has risen 7.0% during the last week.
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