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 Analyst Weigh In
Several research analysts recently issued reports on the stock. UBS Group dropped their price target on shares of G-III Apparel Group from $31.00 to $22.00 and set a "neutral" rating for the company in a research report on Friday, July 15th. KeyCorp assumed coverage on shares of G-III Apparel Group in a research report on Wednesday, July 20th. They issued an "overweight" rating and a $27.00 price target for the company. Wells Fargo & Company assumed coverage on shares of G-III Apparel Group in a research report on Monday, July 11th. They issued an "equal weight" rating and a $20.00 price target for the company. TheStreet lowered shares of G-III Apparel Group from a "b-" rating to a "c+" rating in a report on Tuesday, July 5th. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $28.00 price objective on shares of G-III Apparel Group in a report on Friday, July 22nd. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $26.57.
G-III Apparel Group Stock Performance
Shares of G-III Apparel Group stock opened at $24.65 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.58 and a quick ratio of 2.36. The firm has a market cap of $1.19 billion, a P/E ratio of 5.94 and a beta of 2.44. The firm has a 50 day simple moving average of $21.86 and a 200 day simple moving average of $25.11. G-III Apparel Group has a fifty-two week low of $19.38 and a fifty-two week high of $35.12.
G-III Apparel Group (NASDAQ:GIII - Get Rating) last issued its quarterly earnings results on Tuesday, June 7th. The textile maker reported $0.72 earnings per share for the quarter, beating analysts' consensus estimates of $0.57 by $0.15. The business had revenue of $688.80 million during the quarter, compared to analyst estimates of $597.35 million. G-III Apparel Group had a net margin of 6.98% and a return on equity of 14.09%. G-III Apparel Group's revenue for the quarter was up 32.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.53 earnings per share. Sell-side analysts predict that G-III Apparel Group will post 4.33 earnings per share for the current fiscal year.