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G-III: Dressed for Success
04/17/2014 7:00 am EST
Our latest featured stock idea is a company that provides apparel under recognized brands to a cross section of leading retailers, notes small-cap expert Jim Oberweis, Jr. in The Oberweis Report.
G-III Apparel Group, Ltd. (GIII) designs, manufactures, and markets an extensive range of apparel, as well as luggage and women’s handbags, small leather goods, and cold weather accessories.
It sells its products under its own proprietary brands, including Vilebrequin, Andrew Marc, and Jessica Howard. G-III also sells products under well-known licensed brands including Calvin Klein, Kenneth Cole, Guess?, Cole Haan, and Tommy Hilfiger.
Products are distributed through a diverse mix and a large number of retailers at a variety of price points—such as Macy’s, Bloomingdale’s, Nordstrom, Neiman Marcus, Dillards, and Kohl’s—as well as through its own Wilson’s and Vilebrequin retail stores.
Last November, the company completed the acquisition of the GH Bass brand and its stores from PVH Corp. for $50 million.
In the company’s latest reported fourth quarter, sales increased approximately 26% to $472.8 million from $375.3 million in the fourth quarter of last year. G-III Apparel Group reported earnings per share of $.62 in the latest reported fourth quarter versus $.40 in the same quarter of last year.
During the quarter, the company derived 33% of its sales from its own retail stores, 54% of sales from wholesale licensed products, and 19% of sales from wholesale non-licensed products.
Clients of Oberweis Asset Management own approximately 226,000 shares. These shares may be appropriate for risk oriented investors.
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