G-III Apparel carries an eye-catching forward multiple of 14.0x and a near-zero earnings growth multiple, but the stock has essentially reached its resistance target with only 3.4% headroom and an unfavorable reward-to-risk ratio of 0.49. High short interest at 23% and a put/call ratio of 4.43 signal substantial market skepticism, and revenue has declined 8% over the past year, leaving the valuation story dependent on a revenue recovery that has not yet materialized.
Thesis pillars
- High Short Interest Options Pressure↓Deteriorating
- Cheap Multiple Declining Revenue→Stable
- Unfavorable Risk Reward Geometry→Stable
- +1 more pillar — see the Why tab for full reasoning
Pillars as of Jul 3, 2026, based on the 10-K filed Mar 24, 2026
G-III Apparel Group, LTD. (GIII) Stock Analysis
Recovery setup · Inst Constrain edge
Consumer Cyclical · Apparel Manufacturing
Hold if already holding. Not a fresh buy at $29.25, but acceptable to hold if already in. Reasons: Concentration risk — Customer: top ten customers (67.6%); Concentration risk — Product: owned brands (57.0%).
G-III Apparel Group designs, sources, and markets apparel and accessories under more than 30 owned and licensed brands, led by owned brands DKNY, Donna Karan, Karl Lagerfeld, and Vilebrequin, plus licensed brands Calvin Klein and Tommy Hilfiger. Owned brands generated about 57%... Read more
Hold if already holding. Not a fresh buy at $29.25, but acceptable to hold if already in. Reasons: Concentration risk — Customer: top ten customers (67.6%); Concentration risk — Product: owned brands (57.0%). Chart setup: Death cross but MACD improving, RSI 80. Multiple concerning factors. Consider reducing position. | News modifier +1 (SELL_IF_HOLDING → HOLD_IF_HOLDING) Score 5.8/10, high confidence.
Passes 6/8 gates (positive momentum, clean insider activity, no SEC red flags, earnings proximity 39d clear, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: aggressive.
About G-III Apparel Group, LTD.
About G-III Apparel Group, LTD.
G-III Apparel Group markets apparel, outerwear, handbags, and footwear under more than 30 owned and licensed brands, with owned labels -- led by DKNY, Donna Karan, Karl Lagerfeld, and Vilebrequin -- generating approximately 57% of net sales in fiscal 2026 (year ended January 31, 2026), up from 47% two years earlier, while licensed brands such as Calvin Klein and Tommy Hilfiger contributed the remaining 43%. Distribution runs through wholesale department-store and off-price accounts alongside owned digital platforms and more than 70 DKNY and 200-plus Karl Lagerfeld retail doors worldwide.
G-III earns the large majority of its revenue through wholesale sales to department stores and off-price retailers rather than direct-to-consumer channels, and that customer base is concentrated: the ten largest customers, all department-store or off-price accounts, accounted for approximately 67.6% of fiscal 2026 net sales, with the Macy's Inc. group (Macy's and Bloomingdale's) alone contributing 20.6%, TJX Companies 11.4%, and Ross Stores 11.0%. On the licensing side, G-III's Calvin Klein licenses -- which once generated over $1 billion in annual net sales -- expire on a staggered basis through December 2027, as do its Tommy Hilfiger licenses, and license agreements generally require the company to meet minimum net-sales and royalty thresholds set by outside licensors such as PVH-owned brands, Levi's, and Authentic Brands Group's Nautica. Owned-brand licensing, by contrast, is a growing royalty-income stream as G-III licenses DKNY, Donna Karan, and Karl Lagerfeld into categories such as fragrance, eyewear, and home goods that it does not produce itself.
Show full overview
G-III's dependence on companies it does not control cuts two ways. On the customer side, the 10-K states the company has significant customer concentration and that reductions in purchases by its largest retail accounts could adversely affect results; on the licensing side, it depends on sales of licensed products for 43.0% of net sales and warns that a licensor could reposition a brand, decline to renew a license, or produce competing products itself. Both the Calvin Klein and Tommy Hilfiger licenses -- among G-III's largest -- expire on a staggered basis through December 2027, meaning renewal terms with PVH will be renegotiated within the horizon most investors are pricing today.
See also: Consumer Cyclical · Apparel Manufacturing
From G-III Apparel Group, LTD.'s most recent 10-K filing, extracted July 6, 2026.
Recent developments
updated 2026-10-29Recent Developments — G-III Apparel Group, LTD.
Latest news
- NEWS G-III Apparel Declares Quarterly Cash Dividend to Shareholders - TipRanks — TipRanks positive
- NEWS G-III Apparel Group Declares Quarterly Dividend - Yahoo Finance — Yahoo Finance positive
- NEWS AlphaQuest LLC Acquires 50,279 Shares of G-III Apparel Group, LTD. $GIII - MarketBeat — MarketBeat neutral
- NEWS G-III Apparel sets Sept 2 date for Q2FY27 earnings release - scanx.trade — scanx.trade positive
- NEWS Zacks Industry Outlook Ralph Lauren, Crocs, Columbia and G-III Apparel - easternprogress.com — easternprogress.com positive
Generated 2026-10-29T11:14:32Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHCustomertop ten customers68%10-K Item 1A: 'Our ten largest customers, all of which are department stores or off price accounts, accounted for approximately 67.6% of our net sales in fiscal 2026'
- LOWCustomerMacy's Inc. group21%10-K Item 1A: 'the Macy's Inc. group (which includes sales to Macy's and Bloomingdale's store chains) accounting for approximately 20.6% of our net sales in fiscal 2026'
- LOWCustomerTJX Companies11%10-K Item 1A: 'TJX Companies accounted for approximately 11.4% of our net sales in fiscal 2026.'
- LOWCustomerRoss Stores11%10-K Item 1A: 'sales to Ross Stores accounted for an aggregate of 11.0% of our net sales in fiscal 2026.'
- MEDIUMcounterpartylicensed brands43%10-K Item 1A: 'In fiscal 2026, net sales of licensed product accounted for 43.0% of our net sales compared to 48.0% of our net sales in fiscal 2025'
- HIGHProductowned brands57%10-K Item 1: 'Our owned brands accounted for approximately 57% of our net sales in fiscal 2026, 52% of our net sales in fiscal 2025 and 47% of our net sales in fiscal 2024.'
Material Events(8-K, last 90d)
- 2026-05-04Item 1.01LOWOn April 30, 2026, the Compensation Committee awarded performance share units under the 2023 Long-Term Incentive Plan to named executive officers (Morris Goldfarb, Sammy Aaron, Jeffrey Goldfarb, Dana Perlman, Neal Nackman), vesting on three-year Adjusted EBIT and ROIC targets for fiscal 2027-2029.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
Show full disclosure ▾Hide full disclosure ▴
About TrendMatrix. TrendMatrix is a publisher of general securities research and market commentary. We publish on a regular schedule. All content is the same for every subscriber in a tier — we do not provide personalized investment advice and we do not take into account any individual subscriber's financial situation, investment objectives, risk tolerance, tax situation, or holdings.
Not investment advice. TrendMatrix is not a registered investment adviser. Our content is for informational and educational purposes only. Consult your own licensed investment adviser, broker, or tax professional before making any investment decision.
Conflicts and positions. People who build TrendMatrix, or entities they control, may hold positions, long or short, in securities it covers, and may trade them at any time. Positions are not disclosed individually. Verdicts are generated by an automated model applied by the same rules to every covered stock, and are not adjusted for any position held by the people who build TrendMatrix. We do not accept payment from issuers for coverage.
No paid promotion. TrendMatrix does not accept payment from any issuer, broker, or third party in exchange for coverage of any security.
No fiduciary duty. No fiduciary, advisory, or agency relationship is created between you and TrendMatrix by reading our content or subscribing to our service.
Performance. Past performance is not indicative of future results. Performance figures reflect the published model only and do not reflect any individual subscriber's actual results.
Rating Breakdown
1 floor-breaker
Technicals below the gate floor. Component breakdown shows what dragged the score down.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Hold if already holding. Not a fresh buy at $29.25, but acceptable to hold if already in. Reasons: Concentration risk — Customer: top ten customers (67.6%); Concentration risk — Product: owned brands (57.0%). Chart setup: Death cross but MACD improving, RSI 80. Multiple concerning factors. Consider reducing position. | News modifier +1 (SELL_IF_HOLDING → HOLD_IF_HOLDING) Analyst target $29.54 (+1.0%), stop $27.83 (−5.1%), A.R:R 0.1:1. Score 5.8/10, high confidence.
Analyst target: $29.54 (+1.0% upside). Analyst target $29.54 (+1.0%), stop $27.83 (−5.1%), A.R:R 0.1:1. Stop-loss: $27.83.
Concentration risk — Customer: top ten customers (67.6%); Concentration risk — Product: owned brands (57.0%); Analyst target reached - limited upside remaining.
G-III Apparel Group, LTD. trades at a P/E of 9.5 (forward 12.2). TrendMatrix value score: 8.3/10. Verdict: Hold.
9 analysts cover GIII with a consensus score of 4.1/5. Average price target: $35.
What does G-III Apparel Group, LTD. do?G-III Apparel Group designs, sources, and markets apparel and accessories under more than 30 owned and licensed brands,...
G-III Apparel Group designs, sources, and markets apparel and accessories under more than 30 owned and licensed brands, led by owned brands DKNY, Donna Karan, Karl Lagerfeld, and Vilebrequin, plus licensed brands Calvin Klein and Tommy Hilfiger. Owned brands generated about 57% of fiscal 2026 net sales versus 43% from licensed products, and the company's ten largest customers accounted for approximately 67.6% of net sales, with Macy's Inc. alone representing 20.6%.