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

G-III Apparel Group (NASDAQ:GIIIGet Free Report) issued an update on its FY 2027 earnings guidance on Friday morning. 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. G-III Apparel Group also updated its Q2 2027 guidance to 0.150-0.250 EPS.

G-III Apparel Group Stock Down 0.8%

Shares of GIII stock opened at $32.04 on Friday. The firm has a 50 day moving average price of $30.13 and a two-hundred day moving average price of $29.77. The company has a market capitalization of $1.35 billion, a PE ratio of 21.36 and a beta of 1.29. G-III Apparel Group has a 12-month low of $20.33 and a 12-month high of $34.83.

G-III Apparel Group (NASDAQ:GIIIGet Free Report) last released its quarterly earnings results on Friday, June 5th. The textile maker reported ($0.21) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.09. G-III Apparel Group had a net margin of 2.28% and a return on equity of 6.70%. During the same period in the prior year, the business earned $0.19 earnings per share. The company’s revenue for the quarter was down 8.2% compared to the same quarter last year. G-III Apparel Group has set its FY 2027 guidance at 2.150-2.250 EPS and its Q2 2027 guidance at 0.150-0.250 EPS. As a group, research analysts expect that G-III Apparel Group will post 2.07 EPS for the current year.

G-III Apparel Group Dividend Announcement

The firm also recently declared 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. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Monday, June 22nd. G-III Apparel Group’s payout ratio is presently 26.67%.

Analysts Set New Price Targets

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

Get Our Latest Stock Report on G-III Apparel Group

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Nomura Holdings Inc. raised its position in G-III Apparel Group by 10.3% during the third quarter. Nomura Holdings Inc. now owns 14,670 shares of the textile maker’s stock valued at $390,000 after purchasing an additional 1,375 shares in the last quarter. Mercer Global Advisors Inc. ADV acquired a new position in G-III Apparel Group during the third quarter valued at approximately $324,000. Natixis Advisors LLC acquired a new position in G-III Apparel Group during the fourth quarter valued at approximately $324,000. Tower Research Capital LLC TRC raised its position in G-III Apparel Group by 852.9% during the second quarter. Tower Research Capital LLC TRC now owns 12,150 shares of the textile maker’s stock valued at $272,000 after purchasing an additional 10,875 shares in the last quarter. Finally, Summit Global Investments acquired a new position in G-III Apparel Group during the fourth quarter valued at approximately $231,000. 92.13% of the stock is currently owned by institutional investors and hedge funds.

About G-III Apparel Group

(Get Free Report)

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.

See Also

Earnings History and Estimates for G-III Apparel Group (NASDAQ:GIII)

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