Morris Goldfarb - G III Chairman, CEO and Pres

GIII Stock  USD 29.22  0.66  2.31%   

Chairman

Mr. Morris Goldfarb serves as Chairman of the Board, Chief Executive Officer of GIII Apparel Group Ltd. Mr. Goldfarb has served as an executive officer of GIII and our predecessors since our formation in 1974. Mr. Goldfarb served as a director of RLJ Entertainment, Inc. from April 2012 to June 2015, Oppenheimer Holdings Inc. from May 2013 to May 2015 and of Christopher Banks Corporation from January 2011 to June 2013. Mr. Goldfarb has significant knowledge of all facets of our company. His long history with the Company, combined with his leadership skills and operating experience, makes him particularly wellsuited to be our Chairman and serve on our Board. since 2016.
Age 73
Tenure 8 years
Address 512 Seventh Avenue, New York, NY, United States, 10018
Phone212 403 0500
Webhttps://www.g-iii.com

Latest Insider Transactions

2024-09-26Disposed of 67014 shares @ 30.3View
2024-09-24Disposed of 100000 shares @ 31.59View
Goldfarb served as a director of Black Ridge Oil & Gas, Inc. from November 2010 until October 2012 and of Christopher & Banks Corporationration from January 2011 to June 2013.

G III Management Efficiency

The company has return on total asset (ROA) of 0.0696 % which means that it generated a profit of $0.0696 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.1279 %, meaning that it created $0.1279 on every $100 dollars invested by stockholders. G III's management efficiency ratios could be used to measure how well G III manages its routine affairs as well as how well it operates its assets and liabilities. The current Return On Tangible Assets is estimated to decrease to 0.02. The current Return On Capital Employed is estimated to decrease to 0.11. As of now, G III's Other Current Assets are increasing as compared to previous years. The G III's current Total Current Assets is estimated to increase to about 1.7 B, while Net Tangible Assets are projected to decrease to under 560.6 M.
G III Apparel Group currently holds 652.67 M in liabilities with Debt to Equity (D/E) ratio of 0.51, which is about average as compared to similar companies. G III Apparel has a current ratio of 2.25, suggesting that it is liquid enough and is able to pay its financial obligations when due. Note, when we think about G III's use of debt, we should always consider it together with its cash and equity.

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G-III Apparel Group, Ltd. designs, sources, and markets womens and mens apparel in the United States and internationally. G-III Apparel Group, Ltd. was founded in 1956 and is headquartered in New York, New York. G-III Apparel operates under Apparel Manufacturing classification in the United States and is traded on NASDAQ Exchange. It employs 2900 people. G III Apparel Group (GIII) is traded on NASDAQ Exchange in USA. It is located in 512 Seventh Avenue, New York, NY, United States, 10018 and employs 3,500 people. G III is listed under Apparel, Accessories & Luxury Goods category by Fama And French industry classification.

Management Performance

G III Apparel Leadership Team

Elected by the shareholders, the G III's board of directors comprises two types of representatives: G III inside directors who are chosen from within the company, and outside directors, selected externally and held independent of GIII. The board's role is to monitor G III's management team and ensure that shareholders' interests are well served. G III's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, G III's outside directors are responsible for providing unbiased perspectives on the board's policies.
Sammy Aaron, Vice Chairman of the Board
Wayne Miller, COO and Secretary
Marc Rothstein, Tommy Klein
Dana Perlman, Executive Officer
Neal Nackman, CFO, Principal Accounting Officer and Treasurer
Morris Goldfarb, Chairman, CEO and Pres
Bettina Havrilla, Senior Resources
Priya Trivedi, Senior Treasurer
Amy Kahn, President
Jonathan Elias, Tommy Klein
Jeffrey Goldfarb, Director of Bus. Devel. and Director

GIII Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is G III a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Currently Active Assets on Macroaxis

When determining whether G III Apparel offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of G III's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of G Iii Apparel Group Stock. Outlined below are crucial reports that will aid in making a well-informed decision on G Iii Apparel Group Stock:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in G III Apparel Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Is Apparel, Accessories & Luxury Goods space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of G III. If investors know GIII will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about G III listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.514
Earnings Share
3.98
Revenue Per Share
68.024
Quarterly Revenue Growth
(0.02)
Return On Assets
0.0696
The market value of G III Apparel is measured differently than its book value, which is the value of GIII that is recorded on the company's balance sheet. Investors also form their own opinion of G III's value that differs from its market value or its book value, called intrinsic value, which is G III's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because G III's market value can be influenced by many factors that don't directly affect G III's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between G III's value and its price as these two are different measures arrived at by different means. Investors typically determine if G III is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, G III's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.