G-III Apparel Group Ltd.

G-III Apparel Group Ltd. is set to report fourth-quarter results Tuesday morning before the market opens with analysts’ consensus calling for earnings per share to be 42 cents and sales pegged at $566 million, according to FactSet CallStreet.

But Eric Beder, equity analyst at Wunderlich Securities, said today that he expects the company’s outerwear business to be impacted by warm weather — which set records last November and December. However, in a note to clients, Beder said the company’s “aggressive rollout of Karl Lagerfeld” makes it one of the “best positioned plays in the apparel space, and we reiterate our ‘buy’ rating” on the stock.” Beder’s price target on the stock is $62.

Last month, the company took a 19 percent stake in Karl Lagerfeld Group BV. Morris Goldfarb, chairman, president and chief executive officer of G-III, said at the time that he believes “it is one of the most iconic designer brands in the world” and that it “can contribute to the business in many ways, distribution in North America being a key component.”

The analysts’ consensus rating on the stock is also a “Buy.” according to S&P Capital IQ, which has a median price target on the stock of $64. Shares have been trading in the $54 range. The 52-week low is $39.50 and the high is $73.93. For the one-year period, the stock is down 2.3 percent, but for the three-year range, the stock is up 187 percent — making it one of the top performers in the WWD Global Stock Tracker.

In his research note this morning, Beder said G-III was likely “impacted in fourth quarter by warmer weather, shipping timing and outerwear issues.”

“That said, on the positive side, we believe the spring 2016 dress business has been impressive,” said Beder, adding that the company is strengthened not only with the Karl Lagerfeld rollout, but with “continued improvements in GH Bass, expansion in the Tommy Hilfiger licensed business, [and] further share gains for Calvin Klein.”

Beder said he expects outerwear sales to have been affected by the warmer temperatures but, “that said, we do expect outerwear inventory to be tight and fully under control.”

“Further, we believe the company’s department store partners could have pushed back initial shipments of higher margin dresses from [the fourth quarter] to [the first quarter], which could have also affected results,” Beder said. “We believe the company remains ideally positioned to drive further material gains in the domestic department store segment and is well positioned to take both Karl Lagerfeld and Tommy Hilfiger to capture multiple doors in multiple categories, which should drive both solid top and operating margin percent gains.”