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Last $113.21 USD
Change Today +2.03 / 1.83%
Volume 132.4K
GIII On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 8:10 PM 05/1/15 All times are local (Market data is delayed by at least 15 minutes).

g-iii apparel group ltd (GIII) Snapshot

Open
$111.14
Previous Close
$111.18
Day High
$114.50
Day Low
$111.14
52 Week High
05/1/15 - $114.50
52 Week Low
05/7/14 - $34.23
Market Cap
2.5B
Average Volume 10 Days
328.3K
EPS TTM
$4.50
Shares Outstanding
22.5M
EX-Date
--
P/E TM
25.2x
Dividend
--
Dividend Yield
--
Current Stock Chart for G-III APPAREL GROUP LTD (GIII)

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g-iii apparel group ltd (GIII) Details

G-III Apparel Group, Ltd. designs, manufactures, and markets women’s and men’s apparel. It operates through three segments: Licensed Products, Non-Licensed Products, and Retail Operations. The company’s products include outerwear, dresses, sportswear, swimwear, women’s suits, and women’s performance wear. It also markets footwear, luggage and women’s handbags, small leather goods, and cold weather accessories. The company markets its apparel and other products under proprietary brands, such as the Andrew Marc, Marc New York, Vilebrequin, Bass, G.H. Bass, Black Rivet, Wilsons, Eliza J, Jessica Howard, G-III Sports by Carl Banks, and G-III for Her. G-III Apparel Group, Ltd. also licenses its products under the Calvin Klein, ck Calvin Klein, Guess, Guess?, Kenneth Cole NY, Reaction Kenneth Cole, Cole Haan, Levi's, Vince Camuto, Tommy Hilfiger, Jessica Simpson, Ivanka Trump, Jones New York, Ellen Tracy, Kensie, Dockers, and Mac & Jac brands, as well as have licenses with the National Football League, Major League Baseball, National Basketball Association, National Hockey League, Touch by Alyssa Milano, Collegiate Licensing Company, Major League Soccer, and colleges and universities. The company offers its products to department, specialty, and mass merchant retail stores, as well as upper tier stores and catalogs primarily in the United States, Canada, Europe, and the Far East. As of January 31, 2015, it operated 185 Wilsons Leather stores, 156 G.H. Bass stores, and 5 Calvin Klein performance stores. In addition, the company sells its products through Wilson’s Leather, G.H. Bass, Andrew Marc, and Vilebrequin Websites. G-III Apparel Group, Ltd. was founded in 1956 and is based in New York, New York.

6,641 Employees
Last Reported Date: 03/30/15
Founded in 1956

g-iii apparel group ltd (GIII) Top Compensated Officers

Chairman of the Board, Chief Executive Office...
Total Annual Compensation: $8.7M
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $925.0K
Chief Operating Officer and Secretary
Total Annual Compensation: $2.5M
Compensation as of Fiscal Year 2014.

g-iii apparel group ltd (GIII) Key Developments

G-III Apparel Group, Ltd. Revised Earnings Guidance for the Fiscal Year Ending January 31, 2016

G-III Apparel Group, Ltd. announced that as the Board of Directors has approved a two-for-one-stock split of the company's common stock to be paid as a stock dividend. The company previously provided guidance for its fiscal year ending January 31, 2016 regarding net income per diluted share. On a split-adjusted basis, the company expects net income to be between $2.53 and $2.63 per diluted share, compared to net income between $5.05 and $5.25 per diluted share on a pre-split basis.

G-III Apparel Group, Ltd. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended January 31, 2015; Provides Earnings Guidance for the First Fiscal Quarter Ending April 30, 2015 and Year Ending January 31, 2016

G-III Apparel Group, Ltd. reported unaudited consolidated earnings results for the fourth quarter and full year ended January 31, 2015. For the quarter, the company reported net sales of $514,323,000 compared to $472,755,000 a year ago. Operating profit was $36,328,000 compared to $21,856,000 a year ago. Income before taxes was $33,912,000 compared to $19,441,000 a year ago. Net income attributable to the company was $22,220,000 or $0.96 per diluted share compared to $13,055,000 or $0.62 per diluted share a year ago. Non-GAAP diluted net income per common share was $0.98 compared to $0.62 a year ago. For the year, the company reported net sales of $2,116,855,000 compared to $1,718,231,000 a year ago. Operating profit was $164,895,000 compared to $130,827,000 a year ago. Income before taxes was $168,441,000 compared to $122,228,000 a year ago. Net income attributable to the company was $110,361,000 or $4.97 per diluted share compared to $77,360,000 or $3.71 per diluted share a year ago. Non-GAAP diluted net income per common share was $4.54 compared to $3.74 a year ago. For the fiscal year ended January 31, 2015, adjusted EBITDA increased by 27% to $186.6 million from $146.5 million in the prior fiscal year. In fiscal 2015, the company spent approximately $43 million on capital expenditures, primarily for leasehold improvements for new and existing retail stores, fixturing costs at department stores, the integration of the G.H. Bass business onto the distribution platform and leasehold improvements at the corporate office. The company provided earnings guidance for the first fiscal quarter ending April 30, 2015 and year ending January 31, 2016. For the first fiscal quarter ending April 30, 2015, the company is forecasting net sales of approximately $406 million and net income between $1.1 million and $3.5 million, or between $0.05 and $0.15 per diluted share. This compares to net sales of $366.2 million and net income of $1.3 million, or $0.06 per diluted share, in the first fiscal quarter of last year. For fiscal 2016, the company is forecasting net sales of approximately $2.37 billion and net income between $116 million and $122 million or between $5.05 and $5.25 per diluted share. The company is also projecting adjusted EBITDA for fiscal 2016 to be between $214 million and $224 million. Depreciation and amortization expects to be $24,000,000. The company expects effective tax rate to be under 37%.

G-III Apparel Mulls Acquisitions

G-III Apparel Group, Ltd. (NasdaqGS:GIII) is seeking acquisitions. Morris Goldfarb, G-III's Chairman, Chief Executive Officer and President, said, "We will continue on our strategic path, which incorporates a combination of organic and acquisition-related growth. Our overall strategy is designed to drive continued growth and support our ability to consistently deliver superior levels of value to our shareholders."

 

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Industry Analysis

GIII

Industry Average

Valuation GIII Industry Range
Price/Earnings 22.8x
Price/Sales 1.2x
Price/Book 3.3x
Price/Cash Flow 19.5x
TEV/Sales 1.1x
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