G-III Apparel Group, Ltd. 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, Eliza J, Jessica Howard, Andrew Marc, Marc New York, Wilsons Leather, 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, 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, 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, 2021, it operated 98 Vilebrequin retail stores; 50 DKNY and Karl Lagerfeld Paris stores; and 13 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.
IPO Year: 1989
Exchange: NASDAQ
Website: giii.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/9/2024 | $36.00 | Buy | Guggenheim |
| 9/6/2024 | $29.00 → $32.00 | Market Perform | Telsey Advisory Group |
| 3/15/2024 | $30.00 → $29.00 | Market Perform | Telsey Advisory Group |
| 3/4/2024 | $30.00 → $23.00 | Equal Weight → Underweight | Barclays |
| 1/16/2024 | $30.00 → $24.00 | Equal Weight → Underweight | Wells Fargo |
| 12/2/2022 | $22.00 → $14.00 | Market Perform | Telsey Advisory Group |
| 12/1/2022 | $28.00 → $22.00 | Buy → Neutral | CL King |
| 12/1/2022 | $28.00 → $22.00 | Overweight → Neutral | Piper Sandler |
| 7/22/2022 | $28.00 | Overweight | Piper Sandler |
| 7/21/2022 | $27.00 | Overweight | KeyBanc Capital Markets |
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G-III Apparel Group, Ltd. (NASDAQ:GIII) a global leader in fashion, with expertise in design, sourcing, and manufacturing, today announced the appointment of Dana Perlman as Chief Growth and Operations Officer, effective January 8, 2024. In this newly created role, Ms. Perlman will draw on her over 20-year career in apparel, strategy and finance to drive innovation, optimize operations and identify new opportunities for G-III. As part of the company's leadership team, she will oversee Strategy, Finance, Communications, Information Technology, and other Operating functions. Most recently, Ms. Perlman spent over 10 years at PVH Corp. where she played a critical role in transforming the busi
Third Quarter GAAP and Non-GAAP Net Income Per Diluted Share Exceed Guidance Net Sales of $1.07 Billion for the Third Quarter Compared to $1.08 Billion Last Year Net Income Per Diluted Share of $2.74 for the Third Quarter Compared to $1.26 Last Year Non-GAAP Net Income Per Diluted Share of $2.78 for the Third Quarter Compared to $1.35 Last Year Raises GAAP and Non-GAAP Net Income Per Diluted Share Guidance for Fiscal Year 2024 Appoints Dana Perlman as Chief Growth and Operations Officer G-III Apparel Group, Ltd. (NASDAQ:GIII), a global leader in fashion with expertise in design, sourcing, and manufacturing, today announced results for the third quarter of fiscal 2024, end
Net Sales of $644.8 Million for the Second Quarter Compared to $659.8 Million Last YearSecond Quarter GAAP and Non-GAAP Net Income Per Diluted Share Exceed GuidanceRaises GAAP and Non-GAAP Net Income Per Diluted Share Guidance for Fiscal Year 2025Repaid $400 Million Senior Secured Notes Due August 2025Repurchased 1.2 Million Shares of the Company's Common Stock for $31.6 MillionAnnounces New Global Apparel License for the Converse Brand NEW YORK, Sept. 05, 2024 (GLOBE NEWSWIRE) -- G-III Apparel Group, Ltd. (NASDAQ:GIII) today reported results for the second quarter of fiscal 2025 ended July 31, 2024. Morris Goldfarb, G-III's Chairman and Chief Executive Officer, said, "We delivered a str
NEW YORK, Aug. 29, 2024 (GLOBE NEWSWIRE) -- G-III Apparel Group, Ltd. (NASDAQ:GIII) a global fashion leader with expertise in design, sourcing, and manufacturing, today announced that it will release its second quarter 2025 earnings before the market opens on Thursday, September 5, 2024. Management will host a conference call to discuss results at 8:30 a.m. ET that same day, followed by a question and answer session for the investment community. To participate via telephone, please register in advance at this link: https://register.vevent.com/register/BIe8da086db71f4117b2d89cdd1aea2ffc. Upon registration, all telephone participants will receive a confirmation email detailing how to join
NEW YORK, Aug. 19, 2024 /PRNewswire/ -- In a bold move that captures the spirit of today's generation, DKNY announces that Kaia Gerber will continue as the face of the brand, bringing an authentic edge to the Fall 2024 Campaign. This past spring, DKNY began a new chapter, channeling iconic American style inspired by the New York energy that keeps the brand timeless. Turning the page to Fall 2024, DKNY deepens its storytelling, exploring the city's endless capacity to inspire. From iconic classic literature to music from every genre, New York breathes creativity into every corn
NEW YORK, Aug. 15, 2024 /PRNewswire/ -- Continuing its iconic revival, Donna Karan New York unveils its Fall 2024 Campaign, "Reflections on Women," with a powerful message that celebrates the multi-faceted nature of modern women. This past spring, Donna Karan New York relaunched the brand with the "In Women We Trust" campaign, breathing new life into its story and legacy. The campaign featured multiple generations of women as brand storytellers, resonating deeply with a broad audience and giving the brand immediate relevance. Building on its success this past spring, Donna Ka
- Partnership Accelerates the International Expansion of G-III's Owned Brands - G-III Apparel Group, Ltd. (NASDAQ:GIII) ("G-III" or the "Company"), a global leader in fashion, today announced an increased investment in All We Wear Group ("AWWG" or "Group"), which owns the iconic brands Pepe Jeans London, Hackett, and Façonnable. The previously disclosed strategic partnership for an ownership stake of 12%, now increases to approximately 19%. Madrid-based AWWG, which is owned by M1 Group, LCatterton and founder Carlos Ortega, is a premier platform for international brands and generates over $650 million in revenues across over 3,500 points of sale in over 86 countries. As part of the prev
Accelerates the International Expansion of G-III's Owned Brands G-III Apparel Group, Ltd. (NASDAQ:GIII) ("G-III" or the "Company"), a global leader in fashion, today announced a strategic partnership and investment in All We Wear Group ("AWWG" or "Group"), for an ownership stake of approximately 12%. AWWG now becomes the Agent for DKNY, Donna Karan and Karl Lagerfeld across Spain and Portugal. Madrid-based AWWG, which is owned by M1 Group, LCatterton and founder Carlos Ortega, is a premier platform for international brands including Hackett, Pepe Jeans and Façonnable, and generates over $650 million in revenues across over 3,500 points of sale in over 86 countries. The Group, which also
Net Sales of $609.7 Million for the First Quarter Compared to $606.6 Million Last Year First Quarter GAAP and Non-GAAP Net Income Per Diluted Share Exceed Guidance Raises GAAP and Non-GAAP Net Income Per Diluted Share Guidance for Fiscal Year 2025 Invests in All We Wear Group (AWWG) to Accelerate European Expansion Amends and Upsizes ABL Credit Facility to $700 Million and Extends Maturity to 2029 G-III Apparel Group, Ltd. (NASDAQ:GIII) today reported results for the first quarter of fiscal 2025, ended April 30, 2024. Morris Goldfarb, G-III's Chairman and Chief Executive Officer, said, "We had a strong start to fiscal 2025, delivering first quarter earnings per diluted sha
G-III Apparel Group, Ltd. (NASDAQ:GIII) a global fashion leader with expertise in design, sourcing, and manufacturing, today announced that it will release its first quarter 2025 earnings before the market opens on Thursday, June 6, 2024. Management will host a conference call to discuss results at 8:30 a.m. ET that same day, followed by a question and answer session for the investment community. To participate via telephone, please register in advance at this link: https://register.vevent.com/register/BI2aec4c88a18342fa85a4e4151982764f. Upon registration, all telephone participants will receive a confirmation email detailing how to join the conference call, including the dial-in number a
New York's Fashion Brand is Revealed as a Proud Partner of the New York Yankees NEW YORK, April 2, 2024 /PRNewswire/ -- DKNY, the iconic New York brand that was founded to celebrate the energy of New York, has entered a multi-faceted, long-term partnership with the team that is the pride of the city — the New York Yankees. DKNY will once again have a presence in Yankee Stadium with a larger than life billboard in right field featuring the new DKNY logo. In 2010, the brand made history as the first fashion brand to advertise on this scale at Yankee Stadium. DKNY has always had
Net Sales of $3.10 Billion for Fiscal Year 2024 Compared to $3.23 Billion Last Year Net Income Per Diluted Share of $3.75 for Fiscal Year 2024 Compared to a Net Loss of $(2.79) Per Share Last Year and Meets Guidance Non-GAAP Net Income Per Diluted Share of $4.04 for Fiscal Year 2024 Compared to $2.85 Last Year and Exceeds Guidance Ended Fiscal Year 2024 in a Net Cash Position of $90.0 Million With Over $1.00 Billion in Liquidity Inventories Decreased 27% Compared to Last Year G-III Apparel Group, Ltd. (NASDAQ:GIII) today reported results for the fourth quarter and full fiscal year ended January 31, 2024. Morris Goldfarb, G-III's Chairman and Chief Executive Officer, said,
NEW YORK, Aug. 29, 2024 (GLOBE NEWSWIRE) -- G-III Apparel Group, Ltd. (NASDAQ:GIII) a global fashion leader with expertise in design, sourcing, and manufacturing, today announced that it will release its second quarter 2025 earnings before the market opens on Thursday, September 5, 2024. Management will host a conference call to discuss results at 8:30 a.m. ET that same day, followed by a question and answer session for the investment community. To participate via telephone, please register in advance at this link: https://register.vevent.com/register/BIe8da086db71f4117b2d89cdd1aea2ffc. Upon registration, all telephone participants will receive a confirmation email detailing how to join
G-III Apparel Group, Ltd. (NASDAQ:GIII) a global fashion leader with expertise in design, sourcing, and manufacturing, today announced that it will release its first quarter 2025 earnings before the market opens on Thursday, June 6, 2024. Management will host a conference call to discuss results at 8:30 a.m. ET that same day, followed by a question and answer session for the investment community. To participate via telephone, please register in advance at this link: https://register.vevent.com/register/BI2aec4c88a18342fa85a4e4151982764f. Upon registration, all telephone participants will receive a confirmation email detailing how to join the conference call, including the dial-in number a
G-III Apparel Group, Ltd. (NASDAQ:GIII) a global leader in fashion with expertise in design, sourcing, and marketing, today announced that it will release its fourth quarter and full fiscal year 2024 earnings before the market opens on Thursday, March 14, 2024. Management will host a conference call to discuss results at 8:30 a.m. ET that same day, followed by a question and answer session for the investment community. To participate via telephone, please register in advance at this link: https://register.vevent.com/register/BI62c91198b3ad4fff9ef72fd9c828cb98. Upon registration, all telephone participants will receive a confirmation email detailing how to join the conference call, includi
G-III Apparel Group, Ltd. (NASDAQ:GIII) a global leader in fashion with expertise in design, sourcing, and manufacturing, today announced that it will release its third quarter 2024 earnings before the market opens on Tuesday, December 5, 2023. Management will host a conference call to discuss results at 8:30 a.m. ET that same day, followed by a question and answer session for the investment community. To participate via telephone, please register in advance at this link: https://register.vevent.com/register/BIa6c35439832b42ed8c558693b039ec47. Upon registration, all telephone participants will receive a confirmation email detailing how to join the conference call, including the dial-in nu
G-III Apparel Group, Ltd. (NASDAQ:GIII) a global leader in fashion with expertise in design, sourcing, and manufacturing, today announced that it will release its second quarter 2024 earnings before the market opens on Thursday, September 7, 2023. Management will host a conference call to discuss results at 8:30 a.m. ET that same day, followed by a question and answer session for the investment community. To participate via telephone, please register in advance at this link: https://register.vevent.com/register/BI8b02cfc9c2234f88bca999c86f2f7952.Upon registration, all telephone participants will receive a confirmation email detailing how to join the conference call, including the dial-in
G-III Apparel Group, Ltd. (NASDAQ:GIII) a global fashion leader with expertise in design, sourcing, and manufacturing, today announced that it will release its fourth quarter and full fiscal year 2023 earnings before the market opens on Tuesday, June 6, 2023. Management will host a conference call to discuss results at 8:30 a.m. ET that same day, followed by a question and answer session for the investment community. To participate via telephone, please register in advance at this link: https://register.vevent.com/register/BIfe2037b7b9d043d880530bbc163c761a.Upon registration, all telephone participants will receive a confirmation email detailing how to join the conference call, including
G-III Apparel Group, Ltd. (NASDAQ:GIII) a global fashion leader with expertise in design, sourcing, and manufacturing, today announced that it will release its fourth quarter and full fiscal year 2023 earnings before the market opens on Thursday, March 16, 2023. Management will host a conference call to discuss results at 8:30 a.m. ET that same day, followed by a question and answer session for the investment community. To participate via telephone, please register in advance at this link: https://register.vevent.com/register/BI96ba13ae615c4b20902087e14056ac60. Upon registration, all telephone participants will receive a confirmation email detailing how to join the conference call, includi
G-III Apparel Group, Ltd. (NASDAQ:GIII) a global fashion leader with expertise in design, sourcing, and manufacturing, today announced that it will release its third quarter fiscal 2023 earnings before the market opens on Thursday, December 1, 2022. Management will host a conference call to discuss results at 10:30 a.m. ET that same day, followed by a question and answer session for the investment community. To participate via telephone, please register in advance at this link: https://register.vevent.com/register/BI767b8007f2aa49e693003e31be5714b9. Upon registration, all telephone participants will receive a confirmation email detailing how to join the conference call, including the dial-
G-III Apparel Group, Ltd. (NASDAQ:GIII) a global fashion leader with expertise in design, sourcing, and manufacturing, today announced that it will release its second quarter fiscal 2023 earnings before the market opens on Wednesday, September 7, 2022. Management will host a conference call to discuss results at 8:30 a.m. ET that same day, followed by a question and answer session for the investment community. To participate via telephone, please register in advance at this link: https://register.vevent.com/register/BI2fa3c005c3514032ae4ae9b3167d4944. Upon registration, all telephone participants will receive a confirmation email detailing how to join the conference call, including the dia
G-III Acquires Remaining 81% Stake to Become Sole Owner of Renowned International Fashion Brand G-III Apparel Group, Ltd. (NASDAQ:GIII) ("G-III" or the "Company"), a global fashion leader with expertise in design, sourcing, and manufacturing, today announced that it completed its previously announced acquisition of the remaining 81% interest in famed fashion brand Karl Lagerfeld for €200 million (approximately $214 million USD), subject to certain adjustments. G-III purchased the remaining stake in the brand, that it did not previously own, from a group of private and public investors, led by Fred Gehring of Amlon Capital BV. The transaction was funded by G-III with cash on hand. As a resu
Guggenheim initiated coverage of G-III Apparel with a rating of Buy and set a new price target of $36.00
Telsey Advisory Group reiterated coverage of G-III Apparel with a rating of Market Perform and set a new price target of $32.00 from $29.00 previously
Telsey Advisory Group reiterated coverage of G-III Apparel with a rating of Market Perform and set a new price target of $29.00 from $30.00 previously
Barclays downgraded G-III Apparel from Equal Weight to Underweight and set a new price target of $23.00 from $30.00 previously
Wells Fargo downgraded G-III Apparel from Equal Weight to Underweight and set a new price target of $24.00 from $30.00 previously
Telsey Advisory Group reiterated coverage of G-III Apparel with a rating of Market Perform and set a new price target of $14.00 from $22.00 previously
CL King downgraded G-III Apparel from Buy to Neutral and set a new price target of $22.00 from $28.00 previously
Piper Sandler downgraded G-III Apparel from Overweight to Neutral and set a new price target of $22.00 from $28.00 previously
Piper Sandler resumed coverage of G-III Apparel with a rating of Overweight and set a new price target of $28.00
KeyBanc Capital Markets initiated coverage of G-III Apparel with a rating of Overweight and set a new price target of $27.00
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Brian Shannon, a veteran stock trader and author, joined Benzinga's PreMarket Prep Wednesday morning to share his thoughts on the current market, as well as offering tips for newer investors that are looking to get involved in the market. Shannon relies heavily on technical analysis, or reading stock charts, to understand when to enter and exit positions.And while the vast majority of retail investors who attempt to day-trade lose money, Shannon offered expert advice on which indicators to use and how to gain knowledge in the markets without losing large amounts of money."My first book is ‘Technical Analysis Using Multiple Timeframes' and that really allows you to look at what you're looking
Shares of G-III Apparel Group, Ltd. (NASDAQ:GIII) fell sharply during Thursday's session after the company reported worse-than-expected quarterly sales results. G-III Apparel Group posted adjusted earnings of 13 cents per share, according to data from Benzinga Pro. The company's quarterly sales came in at $609.747 million, missing market estimates of $616.286 million. G-III Apparel Group shares dipped 13.4% to $27.12 on Thursday. Here are some other stocks moving in today’s mid-day session. Gainers Virax Biolabs Group Limited (NASDAQ:VRAX) shares jumped 139.4% to $2.5390. American Oncology Network, Inc. (NASDAQ:AONC) gained 102% to $4.52. American Oncology Network expanded
Gainers China Liberal Education (NASDAQ:CLEU) shares rose 31.7% to $1.87 during Thursday's regular session. The market value of their outstanding shares is at $6.2 million. Jiuzi Hldgs (NASDAQ:JZXN) shares rose 19.6% to $0.4. The market value of their outstanding shares is at $47.2 million. LightInTheBox Holding (NYSE:LITB) stock moved upwards by 15.81% to $0.74. The company's market cap stands at $82.3 million. Xponential Fitness (NYSE:XPOF) stock increased by 14.21% to $11.25. The market value of their outstanding shares is at $355.3 million. Visionary Holdings (NASDAQ:GV) shares moved upwards by 13.54% to $4.61. The market value of their outstanding shares is at $15.8 million. Jeffs
G-III Apparel Group, Ltd. (NASDAQ:GIII) shares are trading lower after the company reported first-quarter FY25 results. Sales of $609.7 million missed the consensus estimate of $616.3 million. The gross profit rose to $258.9 million from $249.8 million a year ago. Operating profit declined to $13.504 million from $15.264 million in the prior year quarter. Adjusted EPS stood at $0.12 versus $0.13 in the prior year quarter and above the consensus loss of $0.03. The company held $508.4 million in cash and equivalents as of April-end. Outlook: G-III continues to see FY25 sales of $3.20 billion (consensus $3.189 billion) and raised adjusted EPS to $3.58-$3.68 (from $3.50 – $3.60 earli
Telsey Advisory Group analyst Dana Telsey maintains G-III Apparel Group (NASDAQ:GIII) with a Market Perform and maintains $29 price target.
Early indications from the futures market suggest caution after Wednesday’s exhilarating run. Earnings news continues to be positive, reinforcing the strength in corporate profit growth. The rate-cut premise based on which the market has been rallying could be put to the test with a couple of labor market readings due Thursday. After the Bank of Canada became the first G-7 central bank to cut rates, the first one in about four years, all eyes would be on its counterpart from across the Atlantic. The European Central Bank is widely expected to begin lowering rates despite inflation remaining an irritant. A cut by the bank could provide a further thrust to Wall Street ahead of next week’s
G-III Apparel Expects Fiscal 2025 Adjusted EBITDA Of $295M-$300M Compared To Prior Guidance Of $290M-$295M