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G-III Apparel Group, Ltd. (GIII) designs, sources, and markets women's and men's apparel in the United States and internationally.
The company operates in two segments, Wholesale Operations and Retail Operations.
Its products include outerwear, dresses, sportswear, swimwear, women's suits, and women's performance wear; and women's handbags, footwear, small leather goods, cold weather accessories, and luggage.
The company markets apparel and other products under the proprietary brand names, including DKNY, Donna Karan, Vilebrequin, G.H. Bass, Andrew Marc, Marc New York, Black Rivet, Wilsons, Eliza J, Jessica Howard, G-III Sports by Carl Banks, and G-III for Her; and licensed brands, such as Calvin Klein, Tommy Hilfiger, Karl Lagerfeld Paris, Guess?, Kenneth Cole, Cole Haan, Levi's, Vince Camuto, Kensie, and Dockers.
It has licenses with the National Football League, Major League Baseball, National Basketball Association, National Hockey League, Touch by Alyssa Milano, Hands High, Collegiate Licensing Company, Starter, and Alliance of American Football, as well as approximately 150 U.S. colleges and universities.
The company offers its products to department, specialty, and mass merchant retail stores.
As of January 31, 2019, it operated 308 leased retail stores, which included 139 Wilsons Leather stores, 111 G.H. Bass stores, 42 DKNY stores, 11 Karl Lagerfeld Paris stores, and 5 Calvin Klein Performance stores.
On June 6, G-III reported 1st Quarter April 2019 earnings of $0.25 per share on revenue of $633.6 million. The consensus earnings estimate was $0.22 per share on revenue of $650.4 million.
Shares have moved above their 30-day moving average, shown in brown. Yesterday, in a regulatory filing, G-III Apparel CEO Morris Goldfarb disclosed the acquisition of 40,000 common shares of the company at a price of $26.47 per share. We expect some good news from the company. Most likely the company should guide higher.
Entry Point: $27.00
Trading Range: $23.34 - $50.83
Stop Loss: $25.65
Target Price: $29.70
GIII closed at $22
