G-III Apparel Group, LTD. (GIII) to Issue Quarterly Dividend of $0.10 on July 8th

G-III Apparel Group, LTD. (NASDAQ:GIII) announced a quarterly dividend on Wednesday, May 27th. Shareholders of record on Monday, June 22nd will be given a dividend of 0.10 per share by the textile maker on Wednesday, July 8th. This represents a c) dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Monday, June 22nd.

G-III Apparel Group Stock Performance

NASDAQ:GIII opened at $34.77 on Friday. G-III Apparel Group has a twelve month low of $21.12 and a twelve month high of $36.53. The company has a market cap of $1.47 billion, a PE ratio of 12.29 and a beta of 1.29. The company’s 50 day moving average is $31.65 and its two-hundred day moving average is $30.25.

G-III Apparel Group (NASDAQ:GIII) last posted its quarterly earnings results on Friday, June 5th. The textile maker reported ($0.21) earnings per share for the quarter, beating the consensus estimate of ($0.30) by $0.09. The business had revenue of $535.96 million for the quarter, compared to the consensus estimate of $529.07 million. G-III Apparel Group had a return on equity of 5.59% and a net margin of 4.34%.The company’s quarterly revenue was down 8.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.19 EPS. 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 expect that G-III Apparel Group will post 2.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently commented on GIII. BTIG Research raised their price target on shares of G-III Apparel Group from $34.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, June 5th. Wall Street Zen upgraded shares of G-III Apparel Group from a “hold” rating to a “buy” rating in a research report on Saturday. Weiss Ratings raised shares of G-III Apparel Group from a “hold (c)” rating to a “buy (b-)” rating in a research note on Tuesday, June 9th. UBS Group dropped their target price on G-III Apparel Group from $30.00 to $26.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 17th. Finally, KeyCorp restated an “overweight” rating and issued a $40.00 price target (up from $35.00) on shares of G-III Apparel Group in a research note on Monday, June 8th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $33.00.

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.