G-III Apparel (GIII)

G-III designs, sources and markets apparel and accessories under owned, licensed and private label brands. G-III's substantial portfolio of more than 30 licensed and proprietary brands is anchored by five global power brands: DKNY, Donna Karan, Calvin Klein, Tommy Hilfiger and Karl Lagerfeld Paris. G-III's owned brands include DKNY, Donna Karan, Vilebrequin, G.H. Bass, Eliza J, Jessica Howard, Andrew Marc and Marc New York. G-III has fashion licenses under the Calvin Klein, Tommy Hilfiger, Karl Lagerfeld Paris, Kenneth Cole, Cole Haan, Guess?, Vince Camuto, Levi's and Dockers brands. Through its team sports business, G-III has licenses with the National Football League, National Basketball Association, Major League Baseball, National Hockey League and over 150 U.S. colleges and universities. G-III also distributes directly to consumers through its DKNY, Karl Lagerfeld Paris and Vilebrequin stores and its digital channels for the DKNY, Donna Karan, Vilebrequin, Karl Lagerfeld Paris, Andrew Marc, Wilsons Leather and G.H. Bass brands.

Company profile

Ticker

GIII

Exchange

NASDAQ

Website

www.g-iii.com

CEO

Morris Goldfarb

Incorporated

Delaware

Location

New York

Fiscal year end

Jan 31

Sector

Manufacturing > Hosiery and Sock Mills

Industry (SIC)

Apparel & Other Finished Prods of Fabrics & Similar Matl

Levi Strauss & Co. Cls A • Carters • Columbia Sportswear • Under Armour • Compass Group Diversified • Lululemon Athletica • Sequential Brands • Allbirds • Centric Brands • Ever-Glory International ...

Former names

ANTE CORP

SEC CIK

0000821002

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

G-III Leather Fashions, Inc. • AM Retail Group, Inc. • CK Outerwear LLC • G-III Apparel Canada ULC • G-III Hong Kong Limited • Kostroma Limited • Hangzhou G-III Apparel Trading Co., Ltd • G-III License Company, LLC • Riviera Sun, Inc. • G-III Brands, Ltd. ...

IRS number

411590959

GIII stock data

1M 1Y 5Y

News

From Benzinga Pro

Benzinga's Top Ratings Upgrades, Downgrades For July 21, 2022

21 Jul 22

Upgrades

Where G-III Apparel Group Stands With Analysts

21 Jul 22

Over the past 3 months, 5 analysts have published their opinion on G-III Apparel Group (NASDAQ:GIII) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.

Keybanc Initiates Coverage On G-III Apparel Group with Overweight Rating, Announces Price Target of $27

21 Jul 22

Keybanc analyst Noah Zatzkin initiates coverage on G-III Apparel Group (NASDAQ:GIII) with a Overweight rating and announces Price Target of $27.

UBS Maintains Neutral on G-III Apparel Group, Lowers Price Target to $22

15 Jul 22

Benzinga's Top Ratings Upgrades, Downgrades For July 11, 2022

11 Jul 22

Press releases

From Benzinga Pro

G-III Apparel Group, Ltd. Announces First Quarter Fiscal 2023 Results

7 Jun 22

— Net Sales and Net Income Per Diluted Share for the First Quarter Exceeded Expectations — — Net Sales for the First Quarter were $688.8 Million Compared to $519.9 Million Last Year — — Net Income Per Diluted Share

G-III Apparel Group Announces Date for First Quarter Fiscal 2023 Results

31 May 22

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 fiscal 2023 earnings before the market opens

Analyst ratings and price targets

Last 3 months

Average target

$25.60

Low target

$20.00

High target

$37.00

Investment data

Data from SEC filings

Securities sold

Number of investors

Calendar

7 Jun 22

13 Aug 22

31 Jan 23

Financial summary

Financial statements Chart GIII financial data

Quarter (USD)	Apr 22	Jan 22	Oct 21	Jul 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Jan 22	Jan 21	Jan 20	Jan 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	438.41M	438.41M	438.41M	438.41M	438.41M	438.41M
Cash burn (monthly)	9.19M	(no burn)	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	31.78M	n/a	n/a	n/a	n/a	n/a
Cash remaining	406.63M	n/a	n/a	n/a	n/a	n/a
Runway (months of cash)	44.2	n/a	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Recent insider trades

GIII insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
15 Jun 22	Morris Goldfarb	Common Stock, Par Value $.01 Per Share	Payment of exercise	Dispose F	No	No	22.2	13,539	300.57K	1,844,964
15 Jun 22	Aaron Sammy	Common Stock, Par Value $.01 Per Share	Payment of exercise	Dispose F	No	No	22.2	9,778	217.07K	453,012
15 Jun 22	Nackman Neal	Common Stock, Par Value $.01 Per Share	Payment of exercise	Dispose F	No	No	22.2	1,259	27.95K	94,366
15 Jun 22	Goldfarb Jeffrey David	Common Stock, Par Value $.01 Per Share	Payment of exercise	Dispose F	No	No	22.2	3,554	78.9K	472,631
9 Jun 22	Robert L Johnson	Common Stock, Par Value $.01 Per Share	Grant	Acquire A	No	No	0	5,086	0	15,191

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

GIII institutional ownership history Ownership history

91.7% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	227	219	+3.7%
Opened positions	36	43	-16.3%
Closed positions	28	14	+100.0%
Increased positions	82	61	+34.4%
Reduced positions	69	75	-8.0%

13F shares	Current	Prev Q	Change
Total value	1.2B	1.23B	-2.7%
Total shares	44.23M	44.55M	-0.7%
Total puts	216.36K	60.9K	+255.3%
Total calls	112.6K	54.7K	+105.9%
Total put/call ratio	1.9	1.1	+72.6%

Largest owners	Shares	Value	Change
BLK Blackrock	7.58M	$205.14M	+3.0%
Vanguard	4.87M	$131.86M	+7.3%
Dimensional Fund Advisors	3.3M	$89.27M	+1.1%
FMR	2.36M	$63.94M	-36.1%
Cramer Rosenthal MCGLYNN	1.94M	$52.49M	-28.0%
STT State Street	1.65M	$44.51M	+2.7%
RY Royal Bank Of Canada	1.19M	$32.3M	-3.6%
Wasatch Advisors	1.07M	$28.89M	NEW
Candlestick Capital Management	1M	$27.05M	0.0%
GS Goldman Sachs	896.96K	$24.26M	-23.5%

Largest transactions	Shares	Bought/sold	Change
FMR	2.36M	-1.33M	-36.1%
Wasatch Advisors	1.07M	+1.07M	NEW
Cramer Rosenthal MCGLYNN	1.94M	-755.55K	-28.0%
IVZ Invesco	572.71K	-553.4K	-49.1%
Millennium Management	616.47K	+542.3K	+731.1%
Norges Bank	0	-429.87K	EXIT
Vanguard	4.87M	+332.87K	+7.3%
Fuller & Thaler Asset Management	331.54K	+331.54K	NEW
Assenagon Asset Management	324.87K	+287.19K	+762.2%
GS Goldman Sachs	896.96K	-275.12K	-23.5%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

Management Discussion

Net sales for the three months ended April 30, 2022 increased to $688.8 million from $519.9 million in the same period last year. Net sales of our segments are reported before intercompany eliminations.
Net sales of our wholesale operations segment increased to $680.9 million for the three months ended April 30, 2022 from $511.5 million in the comparable period last year. This increase is primarily the result of a $67.0 million increase in net sales of Calvin Klein licensed products, a $27.9 million increase in net sales of our DKNY and Donna Karan products, a $20.9 million increase in net sales of Karl Lagerfeld Paris licensed products and a $14.8 million increase in net sales of Tommy Hilfiger licensed products. The increase in sales of Calvin Klein products was primarily related to dresses, women’s suits, handbags and jeanswear. The increase in sales of DKNY/Donna Karan products was primarily related to dresses, handbags and swimwear. The increase in sales of Karl Lagerfeld Paris products was primarily related to handbags, men’s outerwear and sportswear. The increase in sales of Tommy Hilfiger products was primarily related to jeanswear and dresses.
Net sales of our retail operations segment increased to $27.9 million for the three months ended April 30, 2022 from $19.4 million in the same period last year. This increase is primarily due to an increase in our store count in the current year. The number of retail stores operarted by us increased from 50 at April 30, 2021 to 60 at April 30, 2022. In addition, the continued recovery from the COVID-19 pandemic resulted in increased store traffic and comparable store sales during the three months ended April 30, 2022 compared to the same period last year.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. sophomore Avg

New words: Additionally, aforementioned, agreed, ASU, Bloomingdale, broader, burden, cargo, carrier, cease, channel, civil, commerce, creative, efficient, enhance, food, footprint, fuel, growth, hand, hedging, heightened, indexed, indirect, influential, innovative, intensified, jeanswear, key, led, legacy, logistical, London, macroeconomic, men, met, military, ofApril, operarted, opportunity, Overnight, presence, pursue, recovery, reliance, Russia, Scope, severly, SOFR, threat, Ukraine, unfavorable, unrest, viable, volatility, wholly, Zalando

Removed: accrual, application, apply, calculate, calculated, closure, commencing, confirmed, consisted, contest, contributor, declined, eased, efficacy, evidence, forward, governmental, Historically, imposed, impractical, lack, leasing, lessening, matching, occurred, personal, practice, precision, preferability, preferable, principle, profitable, prospectively, provision, realized, receipt, recording, rest, restructured, restructuring, retained, retrospectively, reversal, reviewed, September, shopping, unemployment, vaccinate, vigorously

From filing 10-Q 2022 Q1

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