G-III Apparel Group (NASDAQ:GIII) Issues Q3 2027 Earnings Guidance

G-III Apparel Group (NASDAQ:GIII) issued an update on its third quarter 2027 earnings guidance on Wednesday. The company provided earnings per share guidance of 1.350-1.450 for the period, compared to the consensus 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.

G-III Apparel Group Price Performance

GIII opened at $27.23 on Friday. G-III Apparel Group has a 12-month low of $24.61 and a 12-month high of $37.54. The stock has a market capitalization of $1.15 billion, a PE ratio of 8.96 and a beta of 1.27. The firm’s fifty day moving average price is $34.26 and its 200 day moving average price is $31.86.

G-III Apparel Group (NASDAQ:GIII) last issued its earnings results on Wednesday, September 2nd. The textile maker reported $0.26 EPS for the quarter, topping the consensus estimate of $0.23 by $0.03. The company had revenue of $554.09 million during the quarter, compared to analyst estimates of $570.37 million. G-III Apparel Group had a return on equity of 5.55% and a net margin of 4.75%.The business’s revenue was down 9.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.25 EPS. 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. On average, equities research analysts forecast that G-III Apparel Group will post 2.24 earnings per share for the current fiscal year.

G-III Apparel Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.40 annualized dividend and a yield of 1.5%. G-III Apparel Group’s dividend payout ratio (DPR) is presently 14.13%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Wall Street Zen lowered 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 shares of G-III Apparel Group from a “hold (c)” rating to a “buy (b-)” rating in a research note on Tuesday, June 9th. BTIG Research reissued a “buy” rating and set a $40.00 target price on shares of G-III Apparel Group in a report on Wednesday. Zacks Research downgraded G-III Apparel Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 14th. Finally, KeyCorp reaffirmed an “overweight” rating and set a $40.00 price target (up from $35.00) on shares of G-III Apparel Group in a research note on Monday, June 8th. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $31.80.

More G-III Apparel Group News

Here are the key news stories impacting G-III Apparel Group this week:

• Positive Sentiment: Second-quarter GAAP EPS was $0.46, up from $0.25 a year ago and above expectations. Non-GAAP EPS was $0.26, also slightly ahead of consensus. Gross margin expanded 440 basis points to 45.2% as higher-margin owned brands and pricing supported profitability. G-III second-quarter results
• Positive Sentiment: Management raised fiscal 2027 earnings guidance, excluding the newly acquired Marc Jacobs business. The company also reported stronger cash of $529.2 million, 13% lower inventory, and high-single-digit growth in its go-forward brand portfolio.
• Positive Sentiment: G-III and WHP Global completed the acquisition of Marc Jacobs. Management views the brand as a long-term growth opportunity with a potential $1 billion annual revenue target, although benefits are expected to take time. Marc Jacobs acquisition
• Positive Sentiment: BTIG reaffirmed its Buy rating and maintained a $40 price target, implying substantial upside from the recent trading level.
• Neutral Sentiment: The investment case is shifting toward owned brands such as Donna Karan, DKNY, and Marc Jacobs, while G-III reduces its dependence on licensed products. This could improve margins but increases execution and integration risk.
• Negative Sentiment: Second-quarter revenue fell 9.7% year over year to $554.1 million, missing the approximately $570 million consensus estimate. Fiscal 2027 sales are expected to decline to about $2.71 billion, partly reflecting the loss of Calvin Klein and Tommy Hilfiger business.
• Negative Sentiment: Third-quarter guidance was notably weak: EPS of $1.35–$1.45 and revenue of about $870 million, versus consensus estimates of $1.73 EPS and $897.8 million revenue. The company expects Marc Jacobs to be slightly dilutive in fiscal 2027.
• Negative Sentiment: Telsey Advisory Group lowered its price target to $32 from $38 and downgraded the stock to Market Perform, citing transition challenges, license expirations, European weakness, and uncertainty surrounding Marc Jacobs. Analyst outlook

Hedge Funds Weigh In On G-III Apparel Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GIII. The Manufacturers Life Insurance Company grew its position in shares of G-III Apparel Group by 3.1% in the second quarter. The Manufacturers Life Insurance Company now owns 19,407 shares of the textile maker’s stock valued at $435,000 after purchasing an additional 592 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in G-III Apparel Group by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,228 shares of the textile maker’s stock valued at $635,000 after purchasing an additional 1,018 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of G-III Apparel Group by 1.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 68,437 shares of the textile maker’s stock worth $1,982,000 after purchasing an additional 1,094 shares during the period. Parallel Advisors LLC raised its position in shares of G-III Apparel Group by 231.9% during the fourth 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 last quarter. Finally, Nomura Holdings Inc. raised its position in shares of 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 buying an additional 1,375 shares during the last quarter. Institutional investors and hedge funds 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.