G-III Apparel Group (NASDAQ:GIII) Issues FY25 Earnings Guidance

G-III Apparel Group (NASDAQ:GIII) updated its FY25 earnings guidance on Tuesday. The company provided EPS guidance of $4.10-$4.20 for the period, compared to the consensus EPS estimate of $4.01. The company issued revenue guidance of $3.15 billion, compared to the consensus revenue estimate of $3.20 billion. G-III Apparel Group also updated its FY 2025 guidance to 4.100-4.200 EPS.

G-III Apparel Group Stock Up 10.4 %

Shares of NASDAQ GIII opened at $34.87 on Wednesday. The firm has a fifty day simple moving average of $30.73 and a two-hundred day simple moving average of $28.68. The firm has a market capitalization of $1.53 billion, a PE ratio of 8.72 and a beta of 2.14. The company has a current ratio of 2.92, a quick ratio of 1.80 and a debt-to-equity ratio of 0.27. G-III Apparel Group has a 12 month low of $20.66 and a 12 month high of $35.68.

G-III Apparel Group (NASDAQ:GIII) last issued its quarterly earnings data on Tuesday, December 10th. The textile maker reported $2.59 EPS for the quarter, topping the consensus estimate of $2.26 by $0.33. G-III Apparel Group had a net margin of 6.04% and a return on equity of 12.81%. The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same period last year, the business posted $2.78 earnings per share. G-III Apparel Group’s quarterly revenue was up 1.9% compared to the same quarter last year. Equities analysts expect that G-III Apparel Group will post 4.01 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Guggenheim initiated coverage on G-III Apparel Group in a research report on Wednesday, October 9th. They set a “buy” rating and a $36.00 price objective for the company. Barclays boosted their price objective on shares of G-III Apparel Group from $23.00 to $27.00 and gave the stock an “underweight” rating in a research note on Friday, September 6th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $32.00 target price on shares of G-III Apparel Group in a research note on Tuesday. StockNews.com upgraded shares of G-III Apparel Group from a “hold” rating to a “buy” rating in a report on Monday, December 2nd. Finally, KeyCorp upped their price target on G-III Apparel Group from $32.00 to $34.00 and gave the stock an “overweight” rating in a research note on Friday, September 6th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $30.50.

Insider Activity at G-III Apparel Group

In other G-III Apparel Group news, CEO Morris Goldfarb sold 67,014 shares of the business’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $30.30, for a total value of $2,030,524.20. Following the completion of the transaction, the chief executive officer now owns 3,923,071 shares of the company’s stock, valued at approximately $118,869,051.30. The trade was a 1.68 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 12.40% of the stock is owned by insiders.

G-III Apparel Group Company Profile

G-III Apparel Group, Ltd. designs, sources, and markets women's and men's apparel in the United States and internationally. The company operates through two segments, Wholesale Operations and Retail Operations. Its products include outerwear, dresses, sportswear, swimwear, women's suits, and women's performance wear; and women's handbags, footwear, small leather goods, cold weather accessories, and luggage.