Last $97.04 USD
Change Today -1.19 / -1.21%
Volume 552.8K
GIII On Other Exchanges
Symbol
Exchange
Berlin
As of 5:20 PM 12/19/14 All times are local (Market data is delayed by at least 15 minutes).

g-iii apparel group ltd (GIII) Snapshot

Open
$97.98
Previous Close
$98.23
Day High
$97.98
Day Low
$95.19
52 Week High
12/18/14 - $98.36
52 Week Low
02/20/14 - $64.00
Market Cap
2.2B
Average Volume 10 Days
258.3K
EPS TTM
$4.06
Shares Outstanding
22.5M
EX-Date
--
P/E TM
23.9x
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. The company’s products include outerwear, dresses, sportswear, swimwear, women’s suits, and women’s performance wear. It also markets footwear and accessories, such as luggage, women’s handbags, small leather goods, and cold weather accessories. The company markets its apparel and other products under proprietary brands, including the Bass, G.H. Bass, Vilebrequin, Andrew Marc, Marc New York, Jessica Howard, Eliza J, Black Rivet, Wilsons G-III Sports by Carl Banks, and G-III for Her, as well as under various licensed and private label brands. G-III Apparel Group, Ltd. 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, 2014, it operated 426 retail stores, including 165 Wilsons Leather stores, 156 G.H. Bass stores, 5 Andrew Marc stores, and 70 Vilebrequin retail stores, as well as licensed Calvin Klein retail stores comprising 3 stores in the United States and 27 in China. 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.

6,631 Employees
Last Reported Date: 03/31/14
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
Senior Advisor and Director
Total Annual Compensation: $616.7K
Compensation as of Fiscal Year 2014.

g-iii apparel group ltd (GIII) Key Developments

G-III Apparel Group, Ltd. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended October 31, 2014; Revises Earnings Guidance for the Year Ending January 31, 2015

G-III Apparel Group, Ltd. reported unaudited consolidated earnings results for the third quarter and nine months ended October 31, 2014. For the quarter, the company’s net sales increased by 21% to $812.330 million from $668.702 million in the year-ago period. Operating profit was $113,280,000 compared to $98,330,000, last year. Income before taxes was $123,242,000 compared to $95,738,000, for the last year. The net income attributable to the company was $80,615,000, or $3.53 per diluted share, from $59,595,000, or $2.85 per diluted share, in the prior year's comparable period. Non-GAAP net income per diluted share of $3.09 compared to $2.88 in the prior year. Adjusted EBITDA increased by 16.6% to $119.7 million from $102.7 million last year. For the nine months, the company reported net sales of $1,602,532,000 compared to $1,245,476,000, last year. Operating profit was $128,567,000 compared to $108,970,000, last year. Income before taxes was $134,529,000 compared to $102,787,000, last year. Net income attributable to the company was $88,141,000, or $4.04 per diluted share, compared to $64,305,000, or $3.09 per diluted share. Non-GAAP net income per diluted share of $3.58 compared to $3.12 in the prior year. The company spent approximately $34 million on capital expenditures during the first nine months of fiscal year 2015. The company revised its prior guidance for the full fiscal year ending January 31, 2015 to reflect its strong third quarter financial performance. The company is forecasting net sales of approximately $2.13 billion compared to its previous guidance of $2.11 billion. It expects net income to be between $103.0 million and $106.0 million, or a range between $4.65 and $4.80 per diluted share, compared to its previous guidance of net income between $90.6 million and $93.9 million, or a range between $4.00 and $4.15 per diluted share. The company is forecasting non-GAAP net income per diluted share for the full 2015 fiscal year between $4.20 and $4.35 compared to $3.74 for the 2014 fiscal year. The company is projecting adjusted EBITDA for fiscal 2015 to increase between 20% and 24% to between $176.5 million and $181.5 million compared to adjusted EBITDA of $147.1 million in fiscal 2014 and increasing from its previous guidance of adjusted EBITDA of between approximately $174.0 million and $179.4 million. The company expects capital expenditures to be approximately $36 million for the fiscal year 2015. The company continues to expect that normalized effective tax rate will be slightly under 38% for the full year 2015.

G-III Apparel Seeks Acquisitions

G-III Apparel Group, Ltd. (NasdaqGS:GIII) will consider acquisitions. Morris Goldfarb, Chairman, President and Chief Executive Officer of G-III Apparel said, "We have a strong balance sheet that will enable organic growth as we continue to look for acquisitions to supplement that growth. Over the last several years our organic growth and acquisitions have enabled us to achieve compound growth rate of approximately 20% for our top and bottom line. We have the initiatives, the infrastructure, the balance sheet, and the organizational drive to sustain this kind of growth and the value it creates for our shareholders."

G-III Apparel Group, Ltd. to Report Q3, 2015 Results on Dec 03, 2014

G-III Apparel Group, Ltd. announced that they will report Q3, 2015 results at 9:00 AM, Eastern Standard Time on Dec 03, 2014

 

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GIII

Industry Average

Valuation GIII Industry Range
Price/Earnings 20.3x
Price/Sales 1.0x
Price/Book 2.9x
Price/Cash Flow 17.8x
TEV/Sales 0.9x
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