Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for G III Apparel Group Ltd (NASDAQ: GIII) weakened during the last several trading days. GIII’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
On 12/13/24, G III Apparel Group Ltd (NASDAQ: GIII) stock enjoyed a large increase of 4.2%, closing at $36.10. Moreover, unusually high trading volume at 154% of normal accompanied the advance. The stock has risen 16.3% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
G III Apparel Group has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. G III Apparel Group has a neutral Power Rating of 57 and a slightly positive Appreciation Score of 69, resulting in the High Neutral Value Trend Rating.
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