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According to InvestingPro, the company has a high shareholder yield and its net income is expected to grow this year. Six analysts have revised their earnings upwards for the upcoming period, and the company has had a strong return over the last three months. This information is part of the InvestingPro Tips which provides a multitude of useful insights for investors.
The company’s robust strategies include global expansion, omnichannel capability enhancement, inventory rightsizing, and product diversification starting with jeanswear. Among the key initiatives that have contributed to this success is a long-term Nautica brand license, and a 25-year agreement with Xcel Brands for design and manufacture with an option to buy the brand later.
On Thursday, G-III Apparel announced a multi-year license agreement with Hanesbrands (NYSE:HBI) to manufacture an outerwear collection for the Champion brand which expands its heritage pieces. The first deliveries under this agreement are expected in fall 2024.
In addition to these strategic moves, G-III has also benefited from acquiring high-profile brands such as DKNY, Donna Karan, and Karl Lagerfeld. These acquisitions have further enhanced the company’s portfolio and market presence.
InvestingPro data indicates that the company has a market capitalization of 1110M USD and a negative P/E ratio of -6.25. The company’s revenue growth has been 4.63% with the total revenue standing at 3199.08M USD. The company has seen a large price uptick over the last six months, with a total return of 58.49%.
Looking forward, fiscal 2024 and 2025 sales and earnings estimates stand at $3.30 billion & $3.27 per share, and $3.37 billion & $3.41 per share respectively according to Zacks Consensus Estimate. Other top-ranked companies in the apparel industry include Royal Caribbean (NYSE:RCL), Lululemon Athletica (NASDAQ:LULU), and Ralph Lauren (NYSE:RL).
The company’s growth trajectory has garnered attention from industry watchers. G-III Apparel Group was recently featured in the article “5 Stocks Set to Double”. This recognition underscores the company’s successful performance in recent years and its potential for continued growth moving forward. According to InvestingPro, the company’s shares are currently priced at 24.78 USD, with a fair value estimated at 34.04 USD, indicating a potential for further growth.
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