G-III Apparel Group (NASDAQ:GIII – Get Free Report) updated its third quarter 2027 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 1.350-1.450 for the period, compared to the consensus earnings per share estimate of 1.730. The company issued revenue guidance of $870.0 million-$870.0 million, compared to the consensus revenue estimate of $897.8 million. G-III Apparel Group also updated its FY 2027 guidance to 2.200-2.300 EPS.
Analyst Upgrades and Downgrades
Several analysts have weighed in on GIII shares. 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 report on Friday, June 5th. Telsey Advisory Group restated a “market perform” rating and issued a $38.00 target price (up from $29.00) on shares of G-III Apparel Group in a report on Monday, June 8th. Wall Street Zen lowered G-III Apparel Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Weiss Ratings raised shares of G-III Apparel Group from a “hold (c)” rating to a “buy (b-)” rating in a research report on Tuesday, June 9th. Finally, KeyCorp reissued an “overweight” rating and set a $40.00 price target (up from $35.00) on shares of G-III Apparel Group in a research report on Monday, June 8th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $33.00.
Read Our Latest Analysis on G-III Apparel Group
G-III Apparel Group Trading Down 11.5%
G-III Apparel Group (NASDAQ:GIII – Get Free Report) last announced its earnings results on Wednesday, September 2nd. The textile maker reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.03. G-III Apparel Group had a net margin of 4.34% and a return on equity of 5.59%. During the same period in the prior year, the firm earned $0.25 earnings per share. The firm’s revenue was down 9.7% compared to the same quarter last year. G-III Apparel Group has set its Q3 2027 guidance at 1.350-1.450 EPS and its FY 2027 guidance at 2.200-2.300 EPS. Research analysts expect that G-III Apparel Group will post 2.24 EPS for the current fiscal year.
G-III Apparel Group Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, September 15th. G-III Apparel Group’s payout ratio is presently 14.13%.
More G-III Apparel Group News
Here are the key news stories impacting G-III Apparel Group this week:
- Positive Sentiment: G-III reported second-quarter adjusted earnings of $0.26 per diluted share, ahead of consensus estimates, while GAAP earnings rose to $0.46 per share from $0.25 a year earlier. Gross margin expanded 440 basis points to 45.2%, supported by pricing and a shift toward higher-margin owned brands. G-III Q2 Earnings Beat Estimates, Fiscal 2027 EPS View Raised
- Positive Sentiment: Management raised fiscal 2027 GAAP net-income guidance to $181 million-$185 million, or $4.10-$4.20 per share, excluding the Marc Jacobs acquisition. Cash increased to $529.2 million and inventories fell 13%, indicating improved liquidity and inventory management. G-III Apparel Reports Second Quarter Results and Raises Earnings Guidance
- Positive Sentiment: G-III completed its acquisition of Marc Jacobs and targets approximately $1 billion in long-term annual revenue from the brand. The company also said sales from its go-forward portfolio grew at a high-single-digit rate, supporting its strategy to reduce reliance on expiring licenses. WHP Global and G-III Apparel Complete Marc Jacobs Acquisition
- Neutral Sentiment: The acquisition is strategically attractive but is expected to be slightly dilutive in fiscal 2027, with accretion anticipated after the first 12 months. Investors will likely seek more detailed financial targets when G-III reports third-quarter results.
- Negative Sentiment: Second-quarter sales declined 10% year over year to $554.1 million. Fiscal 2027 sales are projected at approximately $2.71 billion, incorporating an estimated $460 million loss from Calvin Klein and Tommy Hilfiger products as key licenses expire. G-III Apparel Sets Downbeat Outlook on Key License Expirations
- Negative Sentiment: Third-quarter sales are expected to fall to about $870 million from $988.6 million a year earlier, while GAAP earnings are forecast at $1.35-$1.45 per share versus $1.84 previously. Additionally, adjusted fiscal 2027 EPS guidance of $2.20-$2.30 is below the prior year’s $2.61, highlighting near-term pressure beneath the improved GAAP outlook.
Institutional Trading of G-III Apparel Group
Several institutional investors have recently added to or reduced their stakes in the stock. Balyasny Asset Management L.P. acquired a new position in G-III Apparel Group during the 2nd quarter worth $7,546,000. Barclays PLC raised its stake in shares of G-III Apparel Group by 54.0% in the 4th 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 in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of G-III Apparel Group by 30.6% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,054,266 shares of the textile maker’s stock worth $28,054,000 after purchasing an additional 247,245 shares during the last quarter. Millennium Management LLC lifted its position in shares of G-III Apparel Group by 1,610.3% during the third quarter. Millennium Management LLC now owns 209,713 shares of the textile maker’s stock worth $5,580,000 after purchasing an additional 197,451 shares during the last quarter. Finally, Squarepoint Ops LLC grew its stake 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 worth $5,860,000 after purchasing an additional 172,352 shares in the last quarter. 92.13% of the stock is 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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