G-III Apparel Group (NASDAQ:GIII) Posts Earnings Results, Beats Estimates By $0.09 EPS

G-III Apparel Group (NASDAQ:GIII) released its quarterly earnings results on Friday. The textile maker reported ($0.21) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.09, FiscalAI reports. G-III Apparel Group had a return on equity of 6.70% and a net margin of 2.28%.The company had revenue of $535.96 million during the quarter, compared to analysts’ expectations of $529.07 million. During the same period in the previous year, the firm posted $0.19 earnings per share. The business’s revenue for the quarter was down 8.2% compared to the same quarter last year. G-III Apparel Group updated its FY 2027 guidance to 2.150-2.250 EPS and its Q2 2027 guidance to 0.150-0.250 EPS.

Here are the key takeaways from G-III Apparel Group’s conference call:

• Q1 beat expectations with net sales of $536 million and non-GAAP EPS loss of $0.21, both ahead of guidance, while the company raised its full-year fiscal 2027 EPS and EBITDA outlook.
• Gross margin improved 350 bps year over year as full-price selling, stronger inventory management, owned-brand mix, and tariff mitigation helped drive the first gross margin expansion since fiscal 2025.
• The company announced the Marc Jacobs acquisition with WHP Global, saying it should accelerate the shift toward higher-margin owned brands and create a long-term growth opportunity, though it is expected to be dilutive in year one.
• Owned brands continued to perform strongly, with Donna Karan up about 40%, DKNY showing double-digit store comp growth, Karl Lagerfeld seeing solid momentum, and Vilebrequin delivering broad-based regional growth.
• Sales headwinds remain from exiting legacy licensed businesses, especially PVH-related revenue loss, and management noted that Europe is still soft and SG&A will continue to deleverage as the company invests for growth.

G-III Apparel Group Price Performance

Shares of NASDAQ GIII opened at $33.71 on Friday. G-III Apparel Group has a 1-year low of $20.33 and a 1-year high of $35.84. The business has a 50-day moving average of $30.26 and a 200-day moving average of $29.80. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of 22.47 and a beta of 1.29.

G-III Apparel Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Stockholders of record on Monday, June 22nd will be given a $0.10 dividend. The ex-dividend date of this dividend 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 presently 26.67%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Telsey Advisory Group reiterated a “market perform” rating and issued a $29.00 target price (down from $34.00) on shares of G-III Apparel Group in a research note on Monday, March 9th. BTIG Research upped their target price on G-III Apparel Group from $34.00 to $40.00 and gave the company a “buy” rating in a research note on Friday. UBS Group dropped their target price on G-III Apparel Group from $30.00 to $26.00 and set a “neutral” rating for the company in a research note on Tuesday, March 17th. Finally, Zacks Research upgraded G-III Apparel Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, G-III Apparel Group has a consensus rating of “Hold” and an average target price of $30.20.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of GIII. Balyasny Asset Management L.P. purchased a new position in G-III Apparel Group in the second quarter valued at about $7,546,000. Barclays PLC boosted its holdings in G-III Apparel Group by 54.0% in the fourth quarter. Barclays PLC now owns 717,607 shares of the textile maker’s stock valued at $20,782,000 after purchasing an additional 251,502 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in G-III Apparel Group by 30.6% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,054,266 shares of the textile maker’s stock valued at $28,054,000 after purchasing an additional 247,245 shares during the last quarter. Millennium Management LLC boosted its holdings in G-III Apparel Group by 1,610.3% in the third quarter. Millennium Management LLC now owns 209,713 shares of the textile maker’s stock valued at $5,580,000 after purchasing an additional 197,451 shares during the last quarter. Finally, Squarepoint Ops LLC boosted its holdings in G-III Apparel Group by 193.1% in the second quarter. Squarepoint Ops LLC now owns 261,603 shares of the textile maker’s stock valued at $5,860,000 after purchasing an additional 172,352 shares during the last quarter. Hedge funds and other institutional investors own 92.13% of the company’s stock.

G-III Apparel Group News Summary

Here are the key news stories impacting G-III Apparel Group this week:

• Positive Sentiment: G-III reported first-quarter fiscal 2027 revenue of $536 million and EPS of a $0.21 loss, both better than analyst expectations, showing the business performed better than feared. Article Title
• Positive Sentiment: The company raised full-year fiscal 2027 EPS guidance to $2.15-$2.25, above prior expectations, and said first-quarter performance was better than guidance. Article Title
• Positive Sentiment: BTIG Research raised its price target on G-III Apparel Group to $40 from $34 and reiterated a Buy rating, signaling improved analyst confidence in the stock. Article Title
• Neutral Sentiment: Management said fiscal 2027 sales are still expected to decline to about $2.71 billion, reflecting the loss of Calvin Klein and Tommy Hilfiger license revenue, so top-line pressure remains a headwind. Article Title
• Negative Sentiment: Although GAAP profit benefited from tariff recoveries, the company’s non-GAAP results were a loss and second-quarter EPS guidance of $0.15-$0.25 is only in line with expectations, suggesting limited near-term upside. Article Title

About G-III Apparel Group

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.