G-III Apparel Group Ltd. was formed as a Delaware Corporation in 1989 after a long history as G&N Sportswear begun in 1956 by Aron Goldfarb. G-III Apparel Group, Ltd. designs, manufactures, licenses and markets a wide range of outerwear, ready-to-wear and sports apparel and accessories for many fashion brands distributed by leading retailers. GIII also makes and markets its own brands, including Andrew Marc, Marc New York, Marc Moto, Jessica Howard, Eliza J, Black Rivet, G-III, G-III Sports by Carl Banks, Winlit and others.
Chuck Royce’s Holding History of GIII:
GuruFocus did a financial and performance checkup on G-III Apparel Group and found that its assets are growing faster than its revenue. Another warning sign shows that G-III Apparel Group Ltd. revenue growth slowed down over the past 12 months. Additionally, the GIII price ($36.67) is close to a one-year high of $38.05, and its P/S ratio (0.6) is close to one-year high of 0.6. Over the past three years, the company issued $97.896 million of new debt, but overall, its debt level is acceptable. Finally, the company shows an operating loss over the past three years.
G-III Apparel Group Ltd. has a market cap $750 million, a P/E of 13.8, a P/S of 0.5721 and a P/B of1.8.
See a detailed analysis of GIII.
Other investor Gurus who initiated small positions in GIII are Jim Simons, Bruce Kovner, Paul Tudor Jones, Steven Cohen and Joel Greenblatt, all buying new holdings since June 30, 2012. See Insider Trades here.
Here’s a summary of Chuck Royce’s top buys, top sells and top holdings.
GuruFocus "Real Time Picks" reports the stock purchases and sales that Gurus have made within the prior 2 weeks. The report time lag can be as short as 2 days after the date of the transaction. This feature is for Premium Members only. If you are not a Premium Member, we invite you for a 7-day Free Trial.
Also check out:
- Chuck Royce Undervalued Stocks
- Chuck Royce Top Growth Companies
- Chuck Royce High Yield stocks, and
- Stocks that Chuck Royce keeps buying