G-III Apparel Group (NASDAQ:GIII) Issues Earnings Results

G-III Apparel Group (NASDAQ:GIII) posted its quarterly earnings results on Friday. The textile maker reported ($0.21) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.09, FiscalAI reports. G-III Apparel Group had a return on equity of 6.70% and a net margin of 2.28%.The firm had revenue of $535.96 million during the quarter, compared to the consensus estimate of $529.07 million. During the same quarter in the previous year, the business earned $0.19 earnings per share. The firm’s quarterly revenue was down 8.2% compared to the same quarter last year. G-III Apparel Group updated its FY 2027 guidance to 2.150-2.250 EPS and its Q2 2027 guidance to 0.150-0.250 EPS.

Here are the key takeaways from G-III Apparel Group’s conference call:

• Q1 beat expectations with net sales of $536 million and non-GAAP EPS loss of $0.21, both ahead of guidance, while the company raised its full-year fiscal 2027 EPS and EBITDA outlook.
• Gross margin improved 350 bps year over year as full-price selling, stronger inventory management, owned-brand mix, and tariff mitigation helped drive the first gross margin expansion since fiscal 2025.
• The company announced the Marc Jacobs acquisition with WHP Global, saying it should accelerate the shift toward higher-margin owned brands and create a long-term growth opportunity, though it is expected to be dilutive in year one.
• Owned brands continued to perform strongly, with Donna Karan up about 40%, DKNY showing double-digit store comp growth, Karl Lagerfeld seeing solid momentum, and Vilebrequin delivering broad-based regional growth.
• Sales headwinds remain from exiting legacy licensed businesses, especially PVH-related revenue loss, and management noted that Europe is still soft and SG&A will continue to deleverage as the company invests for growth.

G-III Apparel Group Stock Up 5.2%

GIII opened at $33.71 on Friday. G-III Apparel Group has a 52-week low of $20.33 and a 52-week high of $35.84. The company has a 50 day moving average of $30.26 and a two-hundred day moving average of $29.80. The company has a market cap of $1.42 billion, a P/E ratio of 11.91 and a beta of 1.29.

G-III Apparel Group Dividend Announcement

The firm also recently disclosed 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. This represents a $0.40 annualized dividend and a yield of 1.2%. The ex-dividend date is Monday, June 22nd. G-III Apparel Group’s payout ratio is currently 26.67%.

More G-III Apparel Group News

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

• Positive Sentiment: G-III reported first-quarter fiscal 2027 revenue of $536 million and EPS of a $0.21 loss, both better than analyst expectations, showing the business performed better than feared. Article Title
• Positive Sentiment: The company raised full-year fiscal 2027 EPS guidance to $2.15-$2.25, above prior expectations, and said first-quarter performance was better than guidance. Article Title
• Positive Sentiment: BTIG Research raised its price target on G-III Apparel Group to $40 from $34 and reiterated a Buy rating, signaling improved analyst confidence in the stock. Article Title
• Neutral Sentiment: Management said fiscal 2027 sales are still expected to decline to about $2.71 billion, reflecting the loss of Calvin Klein and Tommy Hilfiger license revenue, so top-line pressure remains a headwind. Article Title
• Negative Sentiment: Although GAAP profit benefited from tariff recoveries, the company’s non-GAAP results were a loss and second-quarter EPS guidance of $0.15-$0.25 is only in line with expectations, suggesting limited near-term upside. Article Title

Institutional Investors Weigh In On G-III Apparel Group

Institutional investors have recently bought and sold shares of the business. Raymond James Financial Inc. purchased a new stake in G-III Apparel Group during the second quarter worth approximately $41,000. Parallel Advisors LLC boosted its stake in shares of G-III Apparel Group by 231.9% in the fourth quarter. Parallel Advisors LLC now owns 1,779 shares of the textile maker’s stock valued at $52,000 after purchasing an additional 1,243 shares during the period. Strs Ohio purchased a new position in shares of G-III Apparel Group in the first quarter valued at $77,000. Headlands Technologies LLC purchased a new position in shares of G-III Apparel Group in the second quarter valued at $109,000. Finally, State of Wyoming boosted its stake in shares of G-III Apparel Group by 102.6% in the fourth quarter. State of Wyoming now owns 4,817 shares of the textile maker’s stock valued at $140,000 after purchasing an additional 2,439 shares during the period. 92.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on GIII shares. Telsey Advisory Group reiterated a “market perform” rating and set a $29.00 target price (down from $34.00) on shares of G-III Apparel Group in a report on Monday, March 9th. Zacks Research upgraded G-III Apparel Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 12th. BTIG Research boosted their price objective on shares of G-III Apparel Group from $34.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday. Finally, UBS Group decreased their price objective 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. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $30.20.

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.