GIII Stock Forecast & Price Target

G-III Apparel Group is viewed positively because its broad portfolio of over 30 owned and licensed brands, anchored by DKNY, Donna Karan, Karl Lagerfeld, Karl Lagerfeld Paris, and Vilebrequin, gives it multiple growth levers, while DKNY and Karl Lagerfeld alone generated $650 million and $630 million in sales last year. The upcoming December earnings report could showcase continued traction from the Converse apparel global license, the BCBG launch, and the Marc Jacobs acquisition, which is expected to offset lost PVH revenue and support a stronger, more diversified earnings mix. Fundamentally, the company’s scale of $3 billion in net sales in FY26, expected gross margin expansion to 43.3% in FY27, and operating margin estimates of 5.0% in FY27 and 5.2% in FY28 indicate improving profitability, while the stock’s lower valuation relative to peers supports the positive outlook.

G-III Apparel Group is facing a structurally weaker revenue base after the unexpected late-2022 PVH Calvin Klein and Tommy Hilfiger women’s license takebacks, which removed about $1 billion of revenue and still leave roughly $360 million of additional runoff to occur in FY27. Although the company is making progress with owned brands and reported 1Q27 revenue of $536 million, down 8% y/y, that growth is still being measured against a declining licensing portfolio, and the path to offset the lost scale remains execution-dependent, with Marc Jacobs expected to be dilutive in its first year and any failure to expand DKNY, Karl Lagerfeld, and other owned brands likely to limit the long-term recovery. Margins are also vulnerable: the 1Q27 gross margin benefit included significant tariff-related items, so without continued tariff mitigation and tight SG&A control, profitability could weaken further even as management works to transition the business toward a more durable portfolio mix.