President and Co-Chief Investment Officer of Royce &
added G-III Apparel Group Ltd.
for 10.15% on Feb. 28, 2013. His total stake in the apparel giant
is currently 2,019,764 shares with a current price of $36.31, and
a 0% change from average. Known for his small cap strategy, Royce
manages 1,362 stocks, valued at $35 billion as of Dec. 31, 2012,
with a quarter-over-quarter turnover rate of 3%.
G-III Apparel Group Ltd. was formed as a Delaware Corporation in
1989 after a long history as G&N Sportswear begun in 1956 by
Aron Goldfarb. G-III Apparel Group, Ltd. designs, manufactures,
licenses and markets a wide range of outerwear, ready-to-wear and
sports apparel and accessories for many fashion brands
distributed by leading retailers. GIII also makes and markets its
own brands, including Andrew Marc, Marc New York, Marc Moto,
Jessica Howard, Eliza J, Black Rivet, G-III, G-III Sports by Carl
Banks, Winlit and others.
's Holding History of GIII:
GuruFocus did a financial and performance checkup on G-III
Apparel Group and found that its assets are growing faster than
its revenue. Another warning sign shows that G-III Apparel Group
Ltd. revenue growth slowed down over the past 12 months.
Additionally, the GIII price ($36.67) is close to a one-year high
of $38.05, and its P/S ratio (0.6) is close to one-year high of
0.6. Over the past three years, the company issued $97.896
million of new debt, but overall, its debt level is acceptable.
Finally, the company shows an operating loss over the past three
G-III Apparel Group Ltd. has a market cap $750 million, a P/E of
13.8, a P/S of 0.5721 and a P/B of1.8.
See a detailed analysis of GIII.
Other investor Gurus who initiated small positions in GIII are
Jim Simons, Bruce Kovner, Paul Tudor Jones, Steven Cohen and Joel
Greenblatt, all buying new holdings since June 30, 2012. See
Insider Trades here.
Here's a summary of Chuck Royce's top buys, top sells and top
GuruFocus "Real Time Picks" reports the stock purchases and sales
that Gurus have made within the prior 2 weeks. The report time
lag can be as short as 2 days after the date of the transaction.
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