G-III Apparel Group (NASDAQ:GIII) Issues Q3 2027 Earnings Guidance

G-III Apparel Group (NASDAQ:GIII) issued an update on its third quarter 2027 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 1.350-1.450 for the period, compared to the consensus EPS estimate of 1.730. The company issued revenue guidance of $870.0 million-$870.0 million, compared to the consensus revenue estimate of $897.8 million. G-III Apparel Group also updated its FY 2027 guidance to 2.200-2.300 EPS.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Zacks Research cut G-III Apparel Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 14th. BTIG Research lifted their price objective on shares of G-III Apparel Group from $34.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, June 5th. Weiss Ratings raised shares of G-III Apparel Group from a “hold (c)” rating to a “buy (b-)” rating in a report on Tuesday, June 9th. Telsey Advisory Group reiterated a “market perform” rating and issued a $38.00 target price (up from $29.00) on shares of G-III Apparel Group in a research report on Monday, June 8th. Finally, KeyCorp reissued an “overweight” rating and set a $40.00 target price (up from $35.00) on shares of G-III Apparel Group in a research note on Monday, June 8th. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $33.00.

G-III Apparel Group Price Performance

Shares of G-III Apparel Group stock traded down $3.70 during trading on Wednesday, hitting $28.47. The stock had a trading volume of 2,091,090 shares, compared to its average volume of 525,777. The business has a fifty day moving average of $34.50 and a two-hundred day moving average of $31.89. G-III Apparel Group has a fifty-two week low of $24.61 and a fifty-two week high of $37.54. The firm has a market cap of $1.20 billion, a P/E ratio of 10.06 and a beta of 1.27.

G-III Apparel Group (NASDAQ:GIII) last released its earnings results on Wednesday, September 2nd. The textile maker reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.03. G-III Apparel Group had a return on equity of 5.59% and a net margin of 4.34%.During the same quarter last year, the company earned $0.25 EPS. The company’s quarterly revenue was down 9.7% compared to the same quarter last year. G-III Apparel Group has set its Q3 2027 guidance at 1.350-1.450 EPS and its FY 2027 guidance at 2.200-2.300 EPS. As a group, research analysts forecast that G-III Apparel Group will post 2.24 earnings per share for the current year.

G-III Apparel Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.40 annualized dividend and a yield of 1.4%. G-III Apparel Group’s dividend payout ratio is currently 14.13%.

Key Stories Impacting G-III Apparel Group

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

• Positive Sentiment: G-III reported second-quarter adjusted earnings of $0.26 per diluted share, ahead of consensus estimates, while GAAP earnings rose to $0.46 per share from $0.25 a year earlier. Gross margin expanded 440 basis points to 45.2%, supported by pricing and a shift toward higher-margin owned brands. G-III Q2 Earnings Beat Estimates, Fiscal 2027 EPS View Raised
• Positive Sentiment: Management raised fiscal 2027 GAAP net-income guidance to $181 million-$185 million, or $4.10-$4.20 per share, excluding the Marc Jacobs acquisition. Cash increased to $529.2 million and inventories fell 13%, indicating improved liquidity and inventory management. G-III Apparel Reports Second Quarter Results and Raises Earnings Guidance
• Positive Sentiment: G-III completed its acquisition of Marc Jacobs and targets approximately $1 billion in long-term annual revenue from the brand. The company also said sales from its go-forward portfolio grew at a high-single-digit rate, supporting its strategy to reduce reliance on expiring licenses. WHP Global and G-III Apparel Complete Marc Jacobs Acquisition
• Neutral Sentiment: The acquisition is strategically attractive but is expected to be slightly dilutive in fiscal 2027, with accretion anticipated after the first 12 months. Investors will likely seek more detailed financial targets when G-III reports third-quarter results.
• Negative Sentiment: Second-quarter sales declined 10% year over year to $554.1 million. Fiscal 2027 sales are projected at approximately $2.71 billion, incorporating an estimated $460 million loss from Calvin Klein and Tommy Hilfiger products as key licenses expire. G-III Apparel Sets Downbeat Outlook on Key License Expirations
• Negative Sentiment: Third-quarter sales are expected to fall to about $870 million from $988.6 million a year earlier, while GAAP earnings are forecast at $1.35-$1.45 per share versus $1.84 previously. Additionally, adjusted fiscal 2027 EPS guidance of $2.20-$2.30 is below the prior year’s $2.61, highlighting near-term pressure beneath the improved GAAP outlook.

Institutional Investors Weigh In On G-III Apparel Group

Large investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of G-III Apparel Group by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,228 shares of the textile maker’s stock worth $635,000 after purchasing an additional 1,018 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of G-III Apparel Group by 8.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 80,197 shares of the textile maker’s stock valued at $2,193,000 after purchasing an additional 6,062 shares during the period. Intech Investment Management LLC increased its stake in G-III Apparel Group by 14.1% in the 1st quarter. Intech Investment Management LLC now owns 46,076 shares of the textile maker’s stock worth $1,260,000 after purchasing an additional 5,685 shares in the last quarter. Strs Ohio purchased a new stake in G-III Apparel Group during the first quarter valued at about $77,000. Finally, First Trust Advisors LP boosted its holdings in shares of G-III Apparel Group by 15.7% in the second quarter. First Trust Advisors LP now owns 154,445 shares of the textile maker’s stock worth $3,460,000 after buying an additional 20,984 shares during the period. 92.13% of the stock is 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.