G III Apparel Group Ltd (NASDAQ: GIII) has reported earnings for its third fiscal quarter (ending October 31) of $2.79 versus $1.29 for the same period a year ago — an increase of 116%. E.P.S. were $-2.33 for the latest four quarters through October 31 versus $3.68 for the same period a year ago — a decline of -163%.
Recent Price Action
On 12/5/23, G III Apparel Group Ltd (NASDAQ: GIII) stock declined modestly by -1.3%, closing at $29.24. Moreover, trading volume in this decline was exceptionally high at 260% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 3.1% during the last week.
Current PriceTarget Research Rating
GIII is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
G III Apparel Group has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. G III Apparel Group has a good Appreciation Score of 80 and a very high Power Rating of 98, leading to the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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