Alert: Positive Investment/Fundamental Signals (12/15/23)-G III Apparel Group Ltd (NASDAQ: GIII)


G III Apparel Group Ltd (NASDAQ: GIII) has benefited from important positive changes in fundamentals: the consensus estimate for January, 2024 increased significantly, the consensus estimate for January, 2023 increased significantly, and significant quarterly earnings acceleration occurred.

Recent notable positive changes in investment behavior have benefitted G III Apparel Group Ltd (NASDAQ: GIII): the stock rose on very heavy volume.

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

GIII’s future returns on capital are forecasted to be above 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 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 76 and a very high Power Rating of 99, producing the Highest Value Trend Rating.

Recent Price Action

On 12/15/23, G III Apparel Group Ltd (NASDAQ: GIII) stock increased 1.1%, closing at $35.41. Moreover, trading volume in this advance was exceptionally high at 613% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 17.8% during the last week.

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