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GIII G-III Apparel

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
Website
CEO
Morris Goldfarb
Employees
Incorporated
Location
Fiscal year end
Former names
ANTE CORP
SEC CIK
IRS number
411590959

GIII stock data

(
)

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

8 Jun 21
2 Aug 21
31 Jan 22
Quarter (USD)
Apr 21 Jan 21 Oct 20 Jul 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Jan 21 Jan 20 Jan 19 Jan 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 396.31M 396.31M 396.31M 396.31M 396.31M 396.31M
Cash burn (monthly) (positive/no burn) 18.32M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) n/a 57.39M n/a n/a n/a n/a
Cash remaining n/a 338.92M n/a n/a n/a n/a
Runway (months of cash) n/a 18.5 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
17 Jun 21 Feller Alan Common Stock, Par Value $.01 Per Share Sell Dispose S No No 31.85 10,000 318.5K 25,654
15 Jun 21 Morris Goldfarb Common Stock, Par Value $.01 Per Share Payment of exercise Dispose F No No 32.86 21,567 708.69K 2,628,496
15 Jun 21 Aaron Sammy Common Stock, Par Value $.01 Per Share Payment of exercise Dispose F No No 32.86 15,626 513.47K 538,665
15 Jun 21 Miller Wayne S Common Stock, Par Value $.01 Per Share Payment of exercise Dispose F No No 32.86 53,220 1.75M 184,261
15 Jun 21 Miller Wayne S Common Stock, Par Value $.01 Per Share Payment of exercise Dispose F No No 32.86 11,720 385.12K 237,481
15 Jun 21 Goldfarb Jeffrey David Common Stock, Par Value $.01 Per Share Payment of exercise Dispose F No No 32.86 5,392 177.18K 461,262

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

94.5% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 187 189 -1.1%
Opened positions 23 36 -36.1%
Closed positions 25 26 -3.8%
Increased positions 51 56 -8.9%
Reduced positions 83 68 +22.1%
13F shares
Current Prev Q Change
Total value 2.34B 1.1B +111.5%
Total shares 45.69M 46.5M -1.7%
Total puts 26.9K 70.7K -62.0%
Total calls 129.4K 198.6K -34.8%
Total put/call ratio 0.2 0.4 -41.6%
Largest owners
Shares Value Change
BLK Blackrock 7.54M $227.21M +6.0%
FMR 4.69M $141.29M +3.8%
Vanguard 4.55M $137.18M +7.1%
Dimensional Fund Advisors 3.47M $104.46M -0.9%
Cramer Rosenthal MCGLYNN 3.18M $95.81M -18.3%
IVZ Invesco 1.62M $48.93M +58.7%
STT State Street 1.47M $44.4M -8.7%
RY Royal Bank Of Canada 1.19M $35.94M -1.0%
D. E. Shaw & Co. 850.55K $25.64M -28.0%
Charles Schwab Investment Management 791.44K $23.85M +0.9%
Largest transactions
Shares Bought/sold Change
Cramer Rosenthal MCGLYNN 3.18M -714.12K -18.3%
Clearline Capital 606.09K +606.09K NEW
IVZ Invesco 1.62M +600.16K +58.7%
Norges Bank 0 -597.67K EXIT
BLK Blackrock 7.54M +427.68K +6.0%
Candlestick Capital Management 675K -425K -38.6%
D. E. Shaw & Co. 850.55K -331.5K -28.0%
Vanguard 4.55M +300.96K +7.1%
Schroder Investment Management 0 -237.68K EXIT
Lisanti Capital Growth 204.37K +204.37K NEW

Financial report summary

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Management Discussion
  • Net sales for the three months ended April 30, 2021 increased to $519.9 million from $405.1 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 $511.5 million for the three months ended April 30, 2021 from $378.9 million in the comparable period last year. This increase is primarily the result of a $47.7 million increase in net sales of Calvin Klein licensed products, a $42.8 million increase in net sales of Tommy Hilfiger licensed products, a $27.7 million increase in net sales of our DKNY and Donna Karan products and a $5.8 million increase in net sales of Karl Lagerfeld licensed products. In the prior year period, we experienced a significant decrease in net sales across substantially all of our brands primarily due to the effects of restrictions that began in March 2020 on business and personal activities imposed by governments in connection with the COVID-19 pandemic. As a result, most of our retail partners closed their stores in North America, beginning in mid-March, 2020. The governmental restrictions imposed in connection with the COVID-19 pandemic resulted in significant increases in unemployment, a reduction in business activity and a reduction in consumer spending on apparel and accessories, all of which contributed to the reduction of our net sales which occurred during the majority of fiscal 2021. During the three months ended April 30, 2021, substantially all stores operated by our retail partners were open and governmental restrictions were eased in most regions of the United States due to the reduction of the severity of the COVID-19 pandemic. The lessening of COVID-19 restrictions has resulted in an increase in business activity which has contributed to an increase in consumer spending on apparel and accessories.  
  • Net sales of our retail operations segment decreased to $19.4 million for the three months ended April 30, 2021 from $33.9 million in the same period last year. This decrease is primarily due to the significant reduction in our store count as a result of the restructuring of our retail operations segment that resulted in the closure of our Wilsons, G.H. Bass and Calvin Klein Performance stores during fiscal 2021. The number of retail stores operated by us decreased from 257 at April 30, 2020 to 50 at April 30, 2021. In addition, while the impact of the COVID-19 pandemic has lessened in this year’s first quarter compared to last year, reduced demand and store traffic, as well as domestic and international travel restrictions, continue to have a negative impact on net sales of our retail operations segment.
Content analysis
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