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

G-III Apparel Group (NASDAQ:GIII) updated its FY 2027 earnings guidance on Thursday. The company provided EPS guidance of 2.000-2.100 for the period, compared to the consensus EPS estimate of 2.990. 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 Q1 2027 guidance to -0.400–0.300 EPS.

Analyst Ratings Changes

GIII has been the subject of a number of analyst reports. KeyCorp reiterated an “overweight” rating and issued a $35.00 price target (up from $33.00) on shares of G-III Apparel Group in a research note on Wednesday, December 10th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $34.00 price objective on shares of G-III Apparel Group in a research note on Monday. Weiss Ratings reiterated a “hold (c+)” rating on shares of G-III Apparel Group in a research report on Friday, January 9th. UBS Group decreased their target price on G-III Apparel Group from $32.00 to $30.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 3rd. Finally, BTIG Research upped their price target on G-III Apparel Group from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Tuesday, December 9th. Two research 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. According to MarketBeat.com, G-III Apparel Group presently has a consensus rating of “Hold” and a consensus target price of $30.80.

G-III Apparel Group Stock Down 0.2%

Shares of GIII stock opened at $29.57 on Thursday. The stock has a market cap of $1.25 billion, a P/E ratio of 8.88 and a beta of 1.29. G-III Apparel Group has a 52 week low of $20.33 and a 52 week high of $34.83. The company’s fifty day simple moving average is $30.00 and its two-hundred day simple moving average is $28.77.

G-III Apparel Group (NASDAQ:GIII) last issued its quarterly earnings data on Tuesday, December 9th. The textile maker reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.29. G-III Apparel Group had a return on equity of 9.37% and a net margin of 4.89%.The firm had revenue of $988.65 million during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter last year, the business posted $2.59 earnings per share. The business’s quarterly revenue was down 9.3% compared to the same quarter last year. On average, analysts anticipate that G-III Apparel Group will post 4.16 EPS for the current fiscal year.

Institutional Trading of G-III Apparel Group

A number of large investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC raised its holdings in shares of G-III Apparel Group by 231.9% during the 4th quarter. Parallel Advisors LLC now owns 1,779 shares of the textile maker’s stock worth $52,000 after acquiring an additional 1,243 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of G-III Apparel Group in the second quarter valued at $41,000. Strs Ohio bought a new stake in G-III Apparel Group in the first quarter worth $77,000. State of Wyoming raised its stake in G-III Apparel Group by 102.6% during 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 in the last quarter. Finally, Headlands Technologies LLC bought a new position in G-III Apparel Group during the second quarter valued at $109,000. Institutional investors own 92.13% of the company’s stock.

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.