G-III Apparel Group, Ltd. designs, sources, and markets women's and men's apparel in the United States and internationally. The company operates through 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, Eliza J, Jessica Howard, Andrew Marc, Marc New York, Sonia Rykiel, Black Rivet, G-III Sports by Carl Banks, and G-III for Her; and licensed brands, such as Calvin Klein, Tommy Hilfiger, Karl Lagerfeld Paris, Levi's, Guess?, Kenneth Cole, Cole Haan, Vince Camuto, and Dockers. It has licenses with the National Football League, Major League Baseball, National Basketball Association, Major League Baseball, and National Hockey League, 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, 2022, it operated 96 Vilebrequin retail stores; 60 DKNY and Karl Lagerfeld Paris stores; and 26 DKNY stores. The company also sells its products online. G-III Apparel Group, Ltd. was founded in 1956 and is headquartered in New York, New York.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on the company. TheStreet downgraded G-III Apparel Group from a "b-" rating to a "c+" rating in a report on Tuesday, July 5th. StockNews.com downgraded G-III Apparel Group from a "buy" rating to a "hold" rating in a report on Wednesday, June 8th. Piper Sandler reaffirmed an "overweight" rating and set a $28.00 price target on shares of G-III Apparel Group in a report on Friday, July 22nd. KeyCorp assumed coverage on G-III Apparel Group in a report on Wednesday, July 20th. They set an "overweight" rating and a $27.00 price target for the company. Finally, B. Riley decreased their price target on G-III Apparel Group from $41.00 to $37.00 and set a "buy" rating for the company in a report on Wednesday, June 8th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $26.57.
G-III Apparel Group Price Performance
G-III Apparel Group stock traded down $0.18 during midday trading on Monday, reaching $23.87. The company's stock had a trading volume of 310,160 shares, compared to its average volume of 518,982. G-III Apparel Group has a fifty-two week low of $19.38 and a fifty-two week high of $35.12. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.36 and a current ratio of 3.58. The stock's 50 day simple moving average is $22.02 and its 200 day simple moving average is $25.15. The firm has a market capitalization of $1.15 billion, a PE ratio of 5.80 and a beta of 2.44.
G-III Apparel Group (NASDAQ:GIII - Get Rating) last released its earnings results on Tuesday, June 7th. The textile maker reported $0.72 EPS for the quarter, beating analysts' consensus estimates of $0.57 by $0.15. G-III Apparel Group had a return on equity of 14.09% and a net margin of 6.98%. The company had revenue of $688.80 million during the quarter, compared to the consensus estimate of $597.35 million. During the same quarter last year, the company earned $0.53 earnings per share. G-III Apparel Group's quarterly revenue was up 32.5% compared to the same quarter last year. On average, equities research analysts forecast that G-III Apparel Group will post 4.38 earnings per share for the current year.