G-III Apparel Group (NASDAQ:GIII) Issues FY 2027 Earnings Guidance

G-III Apparel Group (NASDAQ:GIII) updated its FY 2027 earnings guidance on Friday. The company provided EPS guidance of 2.150-2.250 for the period, compared to the consensus EPS estimate of 2.080. The company issued revenue guidance of $2.7 billion-$2.7 billion, compared to the consensus revenue estimate of $2.7 billion.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. BTIG Research reissued a “buy” rating and set a $34.00 target price on shares of G-III Apparel Group in a research note on Wednesday, March 18th. Zacks Research raised shares of G-III Apparel Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. UBS Group cut their target price on shares of G-III Apparel Group from $30.00 to $26.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 17th. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $29.00 target price (down from $34.00) on shares of G-III Apparel Group in a research note on Monday, March 9th. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $29.00.

G-III Apparel Group Trading Down 0.8%

GIII opened at $32.04 on Friday. The company’s fifty day moving average price is $30.13 and its two-hundred day moving average price is $29.77. G-III Apparel Group has a 1-year low of $20.33 and a 1-year high of $34.83. The company has a market cap of $1.35 billion, a price-to-earnings ratio of 21.36 and a beta of 1.29.

G-III Apparel Group (NASDAQ:GIII) last released its quarterly earnings data on Thursday, March 12th. The textile maker reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.29). The business had revenue of $771.49 million for the quarter, compared to analyst estimates of $791.98 million. G-III Apparel Group had a return on equity of 6.70% and a net margin of 2.28%.The business’s quarterly revenue was down 8.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.27 EPS. G-III Apparel Group has set its Q1 2027 guidance at -0.400–0.300 EPS and its FY 2027 guidance at 2.000-2.100 EPS. As a group, equities analysts forecast that G-III Apparel Group will post 2.07 earnings per share for the current fiscal year.

G-III Apparel Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Stockholders of record on Monday, June 22nd will be issued a $0.10 dividend. The ex-dividend date is Monday, June 22nd. This represents a $0.40 annualized dividend and a dividend yield of 1.2%. G-III Apparel Group’s dividend payout ratio is currently 26.67%.

Institutional Trading of G-III Apparel Group

Several institutional investors and hedge funds have recently made changes to their positions in GIII. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of G-III Apparel Group by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,228 shares of the textile maker’s stock valued at $635,000 after purchasing an additional 1,018 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of G-III Apparel Group by 8.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 80,197 shares of the textile maker’s stock valued at $2,193,000 after purchasing an additional 6,062 shares during the last quarter. Intech Investment Management LLC raised its holdings in shares of G-III Apparel Group by 14.1% in the first quarter. Intech Investment Management LLC now owns 46,076 shares of the textile maker’s stock valued at $1,260,000 after purchasing an additional 5,685 shares during the last quarter. Strs Ohio purchased a new stake in shares of G-III Apparel Group in the first quarter valued at about $77,000. Finally, First Trust Advisors LP raised its holdings in shares of G-III Apparel Group by 15.7% in the second quarter. First Trust Advisors LP now owns 154,445 shares of the textile maker’s stock valued at $3,460,000 after purchasing an additional 20,984 shares during the last quarter. Hedge funds and other institutional investors own 92.13% of the company’s stock.

G-III Apparel Group Company Profile

G-III Apparel Group, Ltd. is a global fashion company engaged in the design, sourcing, marketing and distribution of women’s and men’s apparel, outerwear, footwear, handbags and fashion accessories. Founded in 1956 and headquartered in New York City, the company has grown from an importer of ladies’ apparel into a diversified apparel business with a portfolio of owned and licensed brands.

The company’s product offerings span a broad spectrum of price points and styles, including formal and casual outerwear, sportswear, performance wear and contemporary fashion.