Headquartered in New York, NY·Fiscal year ends January·NASDAQ: GIII·giii.com
About G-III Apparel Group
G-III Apparel Group, Ltd. is a global fashion company with expertise in design, sourcing, distribution, and marketing. The company owns and licenses a portfolio of more than 30 brands, including ten owned brands such as Marc Jacobs, DKNY, Donna Karan, Karl Lagerfeld, Sonia Rykiel, and Vilebrequin. It also licenses over 20 brands including Levi's, Halston, Champion, Converse, Cole Haan, BCBG, French Connection, Calvin Klein, Tommy Hilfiger, and Starter, as well as major sports leagues such as the NFL, NBA, NHL, and MLB. The company is currently undergoing a strategic transformation, transitioning away from its historical reliance on Calvin Klein and Tommy Hilfiger licensed product (approximately $460 million in annual sales being lost) toward a portfolio centered on its owned brands and newly acquired properties. G-III recently completed the acquisition of Marc Jacobs from LVMH through a 50/50 joint venture with WHP Global, with G-III operating the wholesale, retail, and e-commerce business under a long-term license. The company targets $1 billion in long-term annual revenue for Marc Jacobs. Updated
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G-III Apparel Group, Ltd. is a global fashion company with expertise in design, sourcing, distribution, and marketing. The company owns and licenses a portfolio of more than 30 brands, including ten owned brands such as Marc Jacobs, DKNY, Donna Karan, Karl Lagerfeld, Sonia Rykiel, and Vilebrequin.
What is the GIII stock price target?
The Wall Street consensus 12-month price target for GIII is $34.75.