G-III Apparel Group (NASDAQ:GIII) Releases Q1 2027 Earnings Guidance

G-III Apparel Group (NASDAQ:GIIIGet Free Report) issued an update on its first quarter 2027 earnings guidance on Thursday morning. The company provided earnings per share guidance of -0.400–0.300 for the period, compared to the consensus earnings per share estimate of 0.020. The company issued revenue guidance of $530.0 million-$530.0 million, compared to the consensus revenue estimate of $525.1 million. G-III Apparel Group also updated its FY 2027 guidance to 2.000-2.100 EPS.

G-III Apparel Group Stock Performance

NASDAQ:GIII opened at $26.38 on Friday. The firm has a 50-day simple moving average of $29.88 and a 200-day simple moving average of $28.75. G-III Apparel Group has a one year low of $20.33 and a one year high of $34.83. The firm has a market cap of $1.11 billion, a P/E ratio of 17.59 and a beta of 1.29.

G-III Apparel Group (NASDAQ:GIIIGet Free Report) last released its quarterly earnings data on Thursday, March 12th. The textile maker reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.29). The business had revenue of $771.49 million for the quarter, compared to the consensus estimate of $791.98 million. G-III Apparel Group had a net margin of 2.28% and a return on equity of 6.73%. G-III Apparel Group’s revenue for the quarter was down 8.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.27 earnings per share. 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, research analysts predict that G-III Apparel Group will post 4.16 EPS for the current fiscal year.

G-III Apparel Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 23rd will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Monday, March 23rd. G-III Apparel Group’s dividend payout ratio (DPR) is 26.67%.

Wall Street Analysts Forecast Growth

GIII has been the topic of a number of analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of G-III Apparel Group in a report on Friday, January 9th. KeyCorp restated an “overweight” rating and set a $35.00 price objective (up from $33.00) on shares of G-III Apparel Group in a research note on Wednesday, December 10th. UBS Group dropped their price objective on G-III Apparel Group from $32.00 to $30.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 3rd. BTIG Research reiterated a “buy” rating on shares of G-III Apparel Group in a research note on Thursday. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $29.00 target price (down from $34.00) on shares of G-III Apparel Group in a report on Monday, March 9th. Two 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’s stock. According to MarketBeat.com, G-III Apparel Group has a consensus rating of “Hold” and an average price target of $29.80.

Get Our Latest Stock Analysis on G-III Apparel Group

Key G-III Apparel Group News

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

Institutional Investors Weigh In On G-III Apparel Group

A number of large investors have recently made changes to their positions in the stock. Corient Private Wealth LLC purchased a new position in G-III Apparel Group in the 4th quarter worth $425,000. Mercer Global Advisors Inc. ADV lifted its position in G-III Apparel Group by 18.5% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 14,408 shares of the textile maker’s stock worth $417,000 after acquiring an additional 2,248 shares during the period. Summit Global Investments purchased a new stake in G-III Apparel Group during the 4th quarter valued at about $231,000. State of Tennessee Department of Treasury increased its holdings in shares of G-III Apparel Group by 107.8% in the fourth quarter. State of Tennessee Department of Treasury now owns 20,396 shares of the textile maker’s stock valued at $599,000 after purchasing an additional 10,581 shares during the period. Finally, Mackenzie Financial Corp acquired a new position in shares of G-III Apparel Group in the fourth quarter valued at about $219,000. 92.13% of the stock is owned by hedge funds and other institutional investors.

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.

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

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