Long Position on GIII @ $25.00 on 10/19/2023 (Momentum)

G-III Apparel Group, Ltd. (GIII) designs, sources, and markets women's and men's apparel in the United States and internationally.  

The company operates through two segments, Wholesale Operations and Retail Operations.

Its products include outerwear, dresses, sportswear, swimwear, women's suits, and women's performance wear; and women's handbags, footwear, small leather goods, cold weather accessories, and luggage.

The company markets apparel and other products under the proprietary brands, including DKNY, Donna Karan, Karl Lagerfeld, Karl Lagerfeld Paris, Vilebrequin, G.H. Bass, Eliza J, Jessica Howard, Andrew Marc, Marc New York, Wilsons Leather, Sonia Rykiel, and G-III Sports by Carl Banks; and licensed brands, such as Calvin Klein, Tommy Hilfiger, Levi's, Guess?, Kenneth Cole, Cole Haan, Vince Camuto, Margaritaville, and Dockers.

It has licenses with the National Football League, National Basketball Association, Major League Baseball, and National Hockey League, as well as approximately 150 U.S. colleges and universities. The company offers its products to department, specialty, and mass merchant retail stores.

Shares are heading higher in an upward trading channel. On September 7th, GIII reported earnings of $0.40 per share on revenue of $659.76 million for the fiscal second quarter ended July 2023. The consensus earnings estimate was $0.02 per share on revenue of $589.36 million. The next report is due on December 7th. Higher share prices are expected.

Entry Point: $25.00

Stop Loss: $23.75

Trading Range: $11.60 to $26.025

Target Price: $27.50

Position closed on 11/8/2023 at price of $27.50 with a 10.00% gain in 19 days.

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