G-III Apparel Group (NASDAQ:GIII – Get Free Report) updated its second quarter 2027 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of 0.150-0.250 for the period, compared to the consensus estimate of 0.190. The company issued revenue guidance of $570.0 million-$570.0 million, compared to the consensus revenue estimate of $555.5 million. G-III Apparel Group also updated its FY 2027 guidance to 2.150-2.250 EPS.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on GIII. UBS Group lowered their price target on G-III Apparel Group from $30.00 to $26.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 17th. Zacks Research raised G-III Apparel Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. Telsey Advisory Group reaffirmed 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 report on Monday, March 9th. Finally, BTIG Research reissued a “buy” rating and set a $34.00 price target on shares of G-III Apparel Group in a research report on Wednesday, March 18th. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $29.00.
Get Our Latest Analysis on GIII
G-III Apparel Group Stock Performance
G-III Apparel Group (NASDAQ:GIII – Get Free Report) last announced its earnings results on Thursday, March 12th. The textile maker reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.29). The company had revenue of $771.49 million for the quarter, compared to the consensus estimate of $791.98 million. G-III Apparel Group had a return on equity of 6.70% and a net margin of 2.28%.The firm’s revenue for the quarter was down 8.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.27 earnings per share. 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 EPS for the current year.
G-III Apparel Group Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Investors of record on Monday, June 22nd will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Monday, June 22nd. G-III Apparel Group’s dividend payout ratio (DPR) is currently 26.67%.
Institutional Trading of G-III Apparel Group
Large investors have recently made changes to their positions in the company. Parallel Advisors LLC grew its stake in shares of G-III Apparel Group by 231.9% in the 4th quarter. Parallel Advisors LLC now owns 1,779 shares of the textile maker’s stock valued at $52,000 after buying an additional 1,243 shares during the period. Raymond James Financial Inc. purchased a new position in G-III Apparel Group in the second quarter valued at approximately $41,000. Strs Ohio purchased a new position in G-III Apparel Group in the first quarter valued at approximately $77,000. State of Wyoming grew its position in G-III Apparel Group by 102.6% in the fourth quarter. State of Wyoming now owns 4,817 shares of the textile maker’s stock worth $140,000 after acquiring an additional 2,439 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new position in G-III Apparel Group in the second quarter worth $109,000. 92.13% of the stock is currently owned by institutional investors and hedge funds.
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.
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