GIII - Why G-III Apparel's Wholesale Exposure Remains A Concern Despite Strong Q2 Earnings | Benzinga
Telsey Advisory Group analyst Dana Telsey reiterated the Market Perform rating on G-III Apparel Group, LTD. (NASDAQ: GIII) with the same price target of $22.
The analyst applauds GIII's efforts to increase its higher-margin owned-brand exposure, grow its DTC penetration, and strengthen its owned brand portfolio.
While Telsey remains concerned about GIII losing CK and TH (~50% of sales) by 2027, the expansion of the DK brand, the growth of Karl Lagerfeld, as well as the Nautica, Halston, and now Champion licensing agreements should help offset the CK and TH losses, while helping to ...