G-III Apparel Group (NASDAQ:GIII) Releases Q2 2027 Earnings Guidance

G-III Apparel Group (NASDAQ:GIII) updated its second quarter 2027 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of 0.150-0.250 for the period, compared to the consensus estimate of 0.190. The company issued revenue guidance of $570.0 million-$570.0 million, compared to the consensus revenue estimate of $555.5 million. G-III Apparel Group also updated its FY 2027 guidance to 2.150-2.250 EPS.

Wall Street Analysts Forecast Growth

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

G-III Apparel Group Trading Up 5.2%

NASDAQ GIII opened at $33.71 on Friday. G-III Apparel Group has a 1-year low of $20.33 and a 1-year high of $35.84. The company has a market capitalization of $1.42 billion, a PE ratio of 22.47 and a beta of 1.29. The firm’s fifty day simple moving average is $30.26 and its 200-day simple moving average is $29.80.

G-III Apparel Group (NASDAQ:GIII) last issued its quarterly earnings data on Friday, June 5th. The textile maker reported ($0.21) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.09. The firm had revenue of $535.96 million during the quarter, compared to analysts’ expectations of $529.07 million. G-III Apparel Group had a net margin of 2.28% and a return on equity of 6.70%. G-III Apparel Group’s revenue for the quarter was down 8.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.19 earnings per share. G-III Apparel Group has set its FY 2027 guidance at 2.150-2.250 EPS and its Q2 2027 guidance at 0.150-0.250 EPS. As a group, analysts predict that G-III Apparel Group will post 2.07 EPS for the current year.

G-III Apparel Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 8th. Shareholders of record on Monday, June 22nd will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Monday, June 22nd. G-III Apparel Group’s dividend payout ratio is 26.67%.

G-III Apparel Group News Roundup

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

A number of hedge funds have recently bought and sold shares of the company. The Manufacturers Life Insurance Company boosted its holdings in G-III Apparel Group by 3.1% during the second quarter. The Manufacturers Life Insurance Company now owns 19,407 shares of the textile maker’s stock valued at $435,000 after acquiring an additional 592 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of G-III Apparel Group by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,228 shares of the textile maker’s stock valued at $635,000 after buying an additional 1,018 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of G-III Apparel Group by 1.6% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 68,437 shares of the textile maker’s stock valued at $1,982,000 after buying an additional 1,094 shares during the period. Parallel Advisors LLC lifted 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 buying an additional 1,243 shares during the period. Finally, Nomura Holdings Inc. lifted its stake in shares of G-III Apparel Group by 10.3% in 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 period. 92.13% of the stock is currently owned by institutional investors.

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.