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Are Investors Undervaluing GIII Apparel Group (GIII) Right Now?
ZACKS· 2024-07-15 14:41
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks. One company to watch right now is GIII Apparel Group (GIII) . GIII is currently holding a Zacks Rank of #1 (Strong Buy) and a Value grade of A. The stock holds a P/E ratio of 7.30, while its industry has an average P/E of 12.47. Over the past year, GIII's Forward P/E has bee ...
G-III Apparel (GIII) Gains 35.3% in a Year: How to Play Ahead?
ZACKS· 2024-07-09 14:10
Core Viewpoint - G-III Apparel is positioned for growth through strategic initiatives, digital transformation, and market expansion, indicating strong long-term value for investors [13]. Financial Performance - G-III Apparel's shares have increased by 35.3% over the past year, outperforming the Zacks Textile - Apparel industry, which saw a 7% decline [18]. - The company reported first-quarter fiscal 2025 wholesale segment net sales of $598 million and retail segment net sales of $31 million, despite store closures [7]. Valuation Metrics - G-III Apparel's shares are trading at a forward 12-month price-to-earnings ratio of 7.19, below the five-year median of 7.72 and the industry's average of 12.36, indicating attractive valuation [2]. - The stock has a Value Score of A, further validating its investment appeal [2]. Growth Estimates - The Zacks Consensus Estimate for G-III Apparel's current and next years' sales is $3.20 billion and $3.30 billion, respectively, suggesting year-over-year growth of 3.3% and 3.2% [4]. - The company reaffirms its fiscal 2025 net sales guidance of $3.2 billion, indicating 3% year-over-year growth driven by effective brand strategies and strategic investments [12]. Strategic Initiatives - G-III Apparel is enhancing its e-commerce platforms for DKNY and Karl Lagerfeld Paris, modernizing websites, improving CRM capabilities, and optimizing technical operations [3]. - The company is expanding into Europe through a partnership with AWWG and increasing brand awareness in North America through significant marketing investments [6]. Analyst Sentiment - Analysts have increased the earnings per share estimate for the current fiscal year by 8 cents to $3.63 and for the next fiscal year by 11 cents to $3.73 [14].
Here's Why G-III Apparel (GIII) is a Smart Investment Option
ZACKS· 2024-06-27 16:40
G-III Apparel Group, Ltd. (GIII) has shown remarkable resilience in the past year, with its shares jumping 36.4%. This growth stands in stark contrast to the 6.4% decline witnessed by the Zacks Textile - Apparel industry. The company's success can be attributed to its robust omnichannel strategies, expansive market reach and adept financial management. Notably, G-III Apparel has outpaced the S&P 500 index, which has risen 25.2% in the same period. With such strong momentum, the stock appears poised to surpa ...
Is GIII Apparel Group (GIII) Stock Undervalued Right Now?
ZACKS· 2024-06-27 14:40
Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels. One company value investors might notice is GIII Apparel Group (GIII) . GIII is currently holding a Zacks Rank of #1 (Strong Buy) and a Value grade of A. The stock is trading with P/E rat ...
ReGen III Invited to Prepare Part II Application for U.S. Department of Energy Loan Guarantee
Newsfile· 2024-06-19 07:01
. ReGen III Invited to Prepare Part II Application for U.S. Department of Energy Loan Guarantee June 19, 2024 3:01 AM EDT | Source: ReGen III Corp. Operating in an underserved segment of the base oil market, ReGen III aims to become the world's largest producer of sustainable Group III base oil. For more information on ReGen III or to subscribe to the Company's mailing list, please visit: www.regeniii.com/investors/corporate-presentations and www.regeniii.com/newsletter-subscription. For further information ...
Here's Why G-III Apparel (GIII) Marches Ahead of Its Industry
ZACKS· 2024-06-17 16:26
Brand development and marketing have also been robust for G-III Apparel. DKNY saw strong double-digit sales growth in the fiscal first quarter, driven by marketing campaigns and strategic partnerships like the one with the New York Yankees. International pop-up events bolstered European expansion. G-III Apparel is enhancing its e-commerce platforms, particularly for its DKNY and Karl Lagerfeld Paris brands. This includes updating the sites with modern aesthetics, expanding CRM capabilities and improving tec ...
ReGen III Announces Patent Update and Extension of Financing
Newsfile· 2024-06-14 20:00
Following the issuance of this patent, ReGen III has nineteen (19) patents issued, allowed, or accepted for the Company's ReGen™ process, in addition to thirteen (13) patents pending globally. The Company also announces that, further to its non-brokered private placement (the "Placement") of up to 2,000 Convertible Debenture Units (the "Units") announced on April 30, 2024 (see that news release for details), and the first tranche closing on May 31, 2024, the Company has received TSX Venture Exchange approva ...
Is GIII Apparel Group (GIII) a Great Value Stock Right Now?
ZACKS· 2024-06-11 14:40
Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels. These are only a few of the key metrics included in GIII Apparel Group's strong Value grade, but they help show that the stock is likely undervalued right now. When ...
G-III Apparel: Q1 2025 Was Good For Its Brands, The Stock Is More Attractive Now
Seeking Alpha· 2024-06-08 11:42
Core Viewpoint - G-III Apparel Group reported flat revenues in 1Q25, missing consensus estimates, leading to a 15% decline in stock price, but the underlying performance of proprietary brands showed strong growth of 16% YoY, indicating potential for future profitability [2][3][4] Financial Performance - The company missed consensus revenues by approximately 1% and reported flat sales, with licensed segment sales down 13% due to poor performance of key brands [3][4] - Proprietary brands grew by 16.7% in the quarter, indicating strong demand and resilience in a challenging wholesale market [3] - Gross margins increased by 130 basis points, while operating margins fell slightly by 30 basis points to 2.2% due to increased SG&A expenses [4] - Inventories decreased by 22% despite flat sales, reflecting efficient inventory management [4] Brand Developments - G-III's proprietary brands are expanding, with Karl Lagerfeld launching new product categories and Vilebrequin planning to open 15 beach clubs [6] - DKNY's fall collection features a campaign with influencer Kaia Gerber, while Donna Karan's relaunch includes a campaign with notable legacy models [6] - The company made a $54 million investment in AWWG Group for a 12% equity stake, which is expected to enhance growth in Europe [6] Valuation and Future Outlook - G-III has a market cap of $1.22 billion, with an enterprise value of $1.15 billion, reflecting stable fundamentals despite stock price fluctuations [7] - The company projects revenues of $3.2 billion for the year, with proprietary brands expected to account for 70% of sales [7] - An operating margin of 7.3% on proprietary brands is deemed achievable, given current performance metrics and historical data [7] - The licensed business is viewed as a temporary asset, allowing for a more favorable valuation of the proprietary brand segment [7]
G-III Apparel (GIII) Q1 Earnings Beat Estimates, Sales Rise Y/Y
ZACKS· 2024-06-07 12:30
Core Viewpoint - G-III Apparel Group, Ltd. reported first-quarter fiscal 2025 earnings that exceeded expectations but showed a year-over-year decline, with sales missing consensus estimates yet improving compared to the previous year [1][3][12]. Financial Performance - Adjusted earnings were 12 cents per share, surpassing the Zacks Consensus Estimate of a loss of 5 cents, but down from 13 cents in the same quarter last year [3]. - Net sales for the wholesale segment reached $598 million, up from $587 million year-over-year, while the retail segment saw net sales of $31 million, an increase from $30 million despite nine store closures [4]. - Total net sales increased by 0.5% year-over-year to $609.7 million, falling short of the consensus estimate of $615 million [12]. - Gross profit rose by 3.6% year-over-year to $258.9 million, with gross margin expanding by 130 basis points to 42.5% [13]. Expenses and Profitability - SG&A expenses increased by 3.8% year-over-year to $236.6 million, representing 38.8% of net sales, an increase of 120 basis points [5]. - Operating profit for the fiscal first quarter was $13.5 million, down from $15.3 million in the prior year [5]. Future Outlook - The company anticipates adjusted net income between $170 million and $175 million, with adjusted earnings projected between $3.58 and $3.68 per share, compared to $189.8 million and $4.04 per share in fiscal 2024 [7]. - For the full fiscal year 2025, G-III expects net sales of approximately $3.2 billion, reflecting a growth of about 3% from the previous year, driven by its own brands and new initiatives [15]. - For the fiscal second quarter, net sales are expected to be around $650 million, down from $659.8 million in the prior year, with adjusted net income projected between $10 million and $15 million [19]. Strategic Initiatives - The company is focusing on leveraging design and merchandising strengths to drive profitable sales growth through innovative products and collections, expanding its European presence, enhancing omnichannel capabilities, and investing in marketing to boost global brand awareness [11]. - G-III aims to reduce reliance on PVH brands and expand in fast-growing markets like India and China [11]. Financial Position - At the end of the fiscal first quarter, the company had net cash of $80 million and over $1 billion in liquidity [14]. - Cash and cash equivalents stood at $508.4 million, with total debt of $426.4 million and total stockholders' equity of $1.52 billion [18]. - Inventory decreased by 23.9% year-over-year to $479.7 million [18].