Shares of this apparel company were recently upgraded to ‘Buy’ at Stifel Nicolaus.
G-III Apparel Group, Ltd. (GIII)
From AlphaProfit Sector Investors’ Newsletter
Shares of G-III Apparel Group, Ltd. (GIII) are down 35% since September on fears of slowing product demand and tariffs impacting business in 2019. This is an opportunity for risk-tolerant investors. G-III’s products across private-label and premium brands including Donna Karan, Calvin Klein, and Tommy Hilfiger are selling well.
G-III topped analysts’ fiscal third-quarter EPS forecast by 4% and upped its 2019 sales & EPS guidance to imply 10% and 67% growth, respectively. Its shares appeal to growth-at-a-reasonable-price investors. They trade at 10.5X- forward EPS versus prospects for 18% EPS growth in the next 12 months. (Next earnings: ~ Mar. 21)
Sam Subramanian, PhD, AlphaProfit Sector Investors’ Newsletter, www.alphaprofit.com, 281-565-6963, January 2019
Stock price as of the previous day.
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