G-III Apparel Group (NASDAQ:GIII) Issues Q2 2027 Earnings Guidance

G-III Apparel Group (NASDAQ:GIII) 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.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on GIII shares. BTIG Research reissued a “buy” rating and issued a $34.00 price target 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 decreased 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 note on Tuesday, March 17th. Finally, Telsey Advisory Group reissued 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 note on Monday, March 9th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $29.00.

G-III Apparel Group Price Performance

GIII stock opened at $32.04 on Friday. G-III Apparel Group has a 1 year low of $20.33 and a 1 year high of $34.83. The firm has a 50-day moving average of $30.13 and a 200 day moving average of $29.77. The company has a market cap of $1.35 billion, a P/E ratio of 21.36 and a beta of 1.29.

G-III Apparel Group (NASDAQ:GIII) last announced its earnings results on Thursday, March 12th. The textile maker reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.29). G-III Apparel Group had a net margin of 2.28% and a return on equity of 6.70%. The business had revenue of $771.49 million for the quarter, compared to the consensus estimate of $791.98 million. During the same period in the prior year, the business posted $1.27 EPS. G-III Apparel Group’s revenue for the quarter was down 8.1% on a year-over-year basis. 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. On average, equities research analysts expect that G-III Apparel Group will post 2.07 earnings per share for the current fiscal year.

G-III Apparel Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Shareholders of record on Monday, June 22nd will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, June 22nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.2%. G-III Apparel Group’s dividend payout ratio (DPR) is currently 26.67%.

Hedge Funds Weigh In On G-III Apparel Group

A number of institutional investors and hedge funds have recently made changes to their positions in GIII. Balyasny Asset Management L.P. bought a new position in shares of G-III Apparel Group during the second quarter valued at approximately $7,546,000. Barclays PLC increased its stake in shares of G-III Apparel Group by 54.0% during 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 in the last quarter. Arrowstreet Capital Limited Partnership increased its stake 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 valued at $28,054,000 after purchasing an additional 247,245 shares in the last quarter. Millennium Management LLC increased its stake 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 valued at $5,580,000 after purchasing an additional 197,451 shares in the last quarter. Finally, Squarepoint Ops LLC increased its position in shares of G-III Apparel Group by 193.1% during the second quarter. Squarepoint Ops LLC now owns 261,603 shares of the textile maker’s stock valued at $5,860,000 after acquiring an additional 172,352 shares in the last quarter. 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.