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

G-III Apparel Group (NASDAQ:GIII) issued an update on its FY 2027 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of 2.150-2.250 for the period, compared to the consensus estimate of 2.080. 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 Price Performance

Shares of NASDAQ:GIII opened at $32.04 on Friday. The company’s 50-day moving average price is $30.13 and its two-hundred day moving average price is $29.77. G-III Apparel Group has a one year low of $20.33 and a one year high of $34.83. The stock has a market capitalization of $1.35 billion, a PE ratio of 21.36 and a beta of 1.29.

G-III Apparel Group (NASDAQ:GIII) last announced its quarterly earnings data on Thursday, March 12th. The textile maker reported $0.30 EPS 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 firm had revenue of $771.49 million during the quarter, compared to the consensus estimate of $791.98 million. During the same period last year, the business earned $1.27 EPS. The business’s revenue 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, analysts anticipate that G-III Apparel Group will post 2.07 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 Wednesday, July 8th. Investors of record on Monday, June 22nd will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, June 22nd. This represents a $0.40 annualized dividend and a dividend yield of 1.2%. G-III Apparel Group’s payout ratio is presently 26.67%.

Analyst Upgrades and Downgrades

GIII has been the subject of a number of recent research reports. Zacks Research raised shares of G-III Apparel Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 12th. Telsey Advisory Group reissued a “market perform” rating and issued a $29.00 price objective (down from $34.00) on shares of G-III Apparel Group in a report on Monday, March 9th. BTIG Research restated a “buy” rating and issued a $34.00 target price on shares of G-III Apparel Group in a research report on Wednesday, March 18th. Finally, UBS Group dropped their target price on shares of G-III Apparel Group from $30.00 to $26.00 and set a “neutral” rating for the company in a research report on Tuesday, March 17th. Two investment 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $29.00.

Hedge Funds Weigh In On G-III Apparel Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in GIII. Dimensional Fund Advisors LP boosted its stake in shares of G-III Apparel Group by 0.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,936,957 shares of the textile maker’s stock valued at $78,153,000 after purchasing an additional 15,500 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of G-III Apparel Group by 30.6% in the 3rd 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 during the last quarter. AQR Capital Management LLC boosted its stake in shares of G-III Apparel Group by 19.5% in the 4th quarter. AQR Capital Management LLC now owns 772,319 shares of the textile maker’s stock valued at $22,366,000 after purchasing an additional 125,942 shares during the last quarter. Bragg Financial Advisors Inc boosted its stake in shares of G-III Apparel Group by 0.5% in the 4th quarter. Bragg Financial Advisors Inc now owns 732,462 shares of the textile maker’s stock valued at $21,212,000 after purchasing an additional 3,851 shares during the last quarter. Finally, Barclays PLC boosted 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 during the last quarter. 92.13% of the stock is currently owned by institutional investors and hedge funds.

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.