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Sally Jones
Sally Jones
Articles (580) 

Chuck Royce Adds G-III Apparel Group

March 13, 2013 | About:

President and Co-Chief Investment Officer of Royce & Associates Chuck Royce added G-III Apparel Group Ltd. (NASDAQ:GIII) for 10.15% on Feb. 28, 2013. His total stake in the apparel giant is currently 2,019,764 shares with a current price of $36.31, and a 0% change from average. Known for his small cap strategy, Royce manages 1,362 stocks, valued at $35 billion as of Dec. 31, 2012, with a quarter-over-quarter turnover rate of 3%.

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.

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About the author:

Sally Jones
Sally Jones writes about Real Time Picks. She says, "I truly enjoy watching the Gurus in realtime and telling their story."

Rating: 3.3/5 (3 votes)


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GuruFocus has detected 6 Warning Signs with G-III Apparel Group Ltd $GIII.
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