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

G-III Apparel Group (NASDAQ:GIII) updated its FY 2027 earnings guidance on Wednesday morning. The company provided EPS guidance of 2.200-2.300 for the period, compared to the consensus EPS estimate of 2.230. 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 Q3 2027 guidance to 1.350-1.450 EPS.

G-III Apparel Group Price Performance

GIII opened at $28.47 on Thursday. G-III Apparel Group has a one year low of $24.61 and a one year high of $37.54. The company’s 50 day simple moving average is $34.38 and its 200-day simple moving average is $31.88. The stock has a market capitalization of $1.20 billion, a P/E ratio of 10.06 and a beta of 1.27.

G-III Apparel Group (NASDAQ:GIII) last announced its quarterly earnings results on Wednesday, September 2nd. The textile maker reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.03. The firm had revenue of $554.09 million for the quarter, compared to analyst estimates of $570.37 million. G-III Apparel Group had a net margin of 4.34% and a return on equity of 5.59%. The business’s revenue was down 9.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.25 earnings per share. 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. As a group, analysts anticipate that G-III Apparel Group will post 2.24 EPS for the current year.

G-III Apparel Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Tuesday, September 15th. G-III Apparel Group’s payout ratio is 14.13%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Wall Street Zen cut shares of G-III Apparel Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Weiss Ratings upgraded G-III Apparel Group from a “hold (c)” rating to a “buy (b-)” rating in a research report on Tuesday, June 9th. BTIG Research upped their price objective on G-III Apparel Group from $34.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, June 5th. Telsey Advisory Group reiterated a “market perform” rating and set a $38.00 target price (up from $29.00) on shares of G-III Apparel Group in a research report on Monday, June 8th. Finally, KeyCorp reissued an “overweight” rating and set a $40.00 target price (up from $35.00) on shares of G-III Apparel Group in a report on Monday, June 8th. Three equities research analysts have rated the stock with a Buy rating, three have given 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 price target of $33.00.

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 fiscal 2027 GAAP EPS of $0.46, up from $0.25 a year earlier and above the approximately $0.23 analyst consensus. Non-GAAP EPS was $0.26, also slightly ahead of estimates. G-III fiscal 2027 second-quarter results
• Positive Sentiment: Gross margin expanded 440 basis points to 45.2%, helped by pricing actions and a greater mix of higher-margin owned brands. Management said its go-forward portfolio grew at a high-single-digit rate.
• Positive Sentiment: G-III and WHP Global completed the acquisition of Marc Jacobs from LVMH. The company views the brand as a major long-term growth opportunity and is targeting approximately $1 billion in annual revenue from the business. Marc Jacobs acquisition completion
• Neutral Sentiment: Fiscal 2027 non-GAAP EPS guidance was set at $2.20–$2.30, broadly in line with the $2.23 consensus. However, the outlook excludes Marc Jacobs, which management expects to be slightly dilutive during fiscal 2027 before becoming accretive later.
• Positive Sentiment: G-III ended the quarter with $529.2 million in cash, up from $301.8 million, while inventory declined 13% year over year. The company also returned $12.2 million through share repurchases and dividends.
• Negative Sentiment: Second-quarter sales fell 10% year over year to $554.1 million, missing the $570.4 million consensus. Fiscal 2027 sales are expected to be approximately $2.71 billion, down from $2.96 billion, partly reflecting the loss of about $460 million in Calvin Klein and Tommy Hilfiger product sales.
• Negative Sentiment: Third-quarter EPS guidance of $1.35–$1.45 is well below the $1.73 consensus, while projected revenue of roughly $870 million trails the $897.8 million estimate. The company also expects third-quarter sales and earnings to decline from the prior year, making the near-term outlook the primary pressure on GIII.

Institutional Investors Weigh In On G-III Apparel Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Nomura Holdings Inc. boosted its position in G-III Apparel Group by 10.3% during the 3rd quarter. Nomura Holdings Inc. now owns 14,670 shares of the textile maker’s stock valued at $390,000 after buying an additional 1,375 shares during the period. Mercer Global Advisors Inc. ADV purchased a new position in shares of G-III Apparel Group in the third quarter valued at about $324,000. Natixis Advisors LLC bought a new position in shares of G-III Apparel Group during the fourth quarter valued at about $324,000. Tower Research Capital LLC TRC increased its holdings in G-III Apparel Group by 852.9% during the 2nd 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 during the period. Finally, Summit Global Investments purchased a new position in G-III Apparel Group during the 4th quarter valued at about $231,000. 92.13% of the stock is currently owned by institutional investors.

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.