Guess: Potential Undervaluation With Attractive Rag & Bone Acquisition [Seeking Alpha]
G-III Apparel Group, LTD. (GIII)
Last g-iii apparel group, ltd. earnings: 3/19 07:00 am
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Source: Seeking Alpha
The company has underlined some growth prospects in the ICR Conference, but I still keep my organic growth estimates low due to Guess' past. Guess recently announced plans to acquire rag & bone at an attractive valuation, potentially creating an avenue for growth with Guess' global distribution. With the attractive acquisition & improved profitability, Guess' stock seems to have some undervaluation unless the company reverts to a pre-pandemic performance. Founded in 1981, Guess?, Inc. ( NYSE: GES ) sells women's and men's apparel, underwear, footwear, eyewear, and watches among other items through the Guess brand. The company has a global footprint with a bit over half of Guess' 1015 directly operated stores operating in the EU and Middle East. Guess hasn't grown its operations very much in the past decade, and the stock price reflects the mature operations– in the past ten years, the stock has stayed nearly stable. Guess does pay out a good dividend due to a low need for gro
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GIII
News
- G-III Apparel Group (NASDAQ:GIII) shareholder returns have been respectable, earning 89% in 1 year [Yahoo! Finance]Yahoo! Finance
- DKNY STEPS UP TO THE PLATE WITH AN ICONIC BILLBOARD AT YANKEE STADIUM [Yahoo! Finance]Yahoo! Finance
- DKNY STEPS UP TO THE PLATE WITH AN ICONIC BILLBOARD AT YANKEE STADIUMPR Newswire
- G-III Apparel Group Full Year 2024 Earnings: Misses Expectations [Yahoo! Finance]Yahoo! Finance
- G-III Apparel Group, Ltd. (NASDAQ: GIII) had its "market perform" rating re-affirmed by analysts at Telsey Advisory Group. They now have a $29.00 price target on the stock.MarketBeat
GIII
Earnings
- 3/14/24 - Beat
GIII
Sec Filings
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- GIII's page on the SEC website