G-III Apparel Group, LTD. (GIII) to Issue Quarterly Dividend of $0.10 on March 30th

G-III Apparel Group, LTD. (NASDAQ:GIII) announced a quarterly dividend on Friday, March 13th. Investors of record on Monday, March 23rd will be paid a dividend of 0.10 per share by the textile maker on Monday, March 30th. This represents a c) dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, March 23rd.

G-III Apparel Group Stock Up 0.7%

GIII opened at $26.38 on Friday. The stock’s fifty day moving average is $29.88 and its two-hundred day moving average is $28.76. The company has a market capitalization of $1.11 billion, a P/E ratio of 17.59 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.

G-III Apparel Group (NASDAQ:GIII) last issued its earnings results on Thursday, March 12th. The textile maker reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.29). G-III Apparel Group had a return on equity of 6.73% and a net margin of 2.28%.The firm had revenue of $771.49 million during the quarter, compared to analysts’ expectations of $791.98 million. During the same quarter in the prior year, the company posted $1.27 earnings per share. G-III Apparel Group’s quarterly revenue was down 8.1% compared to the same quarter last year. G-III Apparel Group has set its Q1 2027 guidance at -0.400–0.300 EPS and its FY 2027 guidance at 2.000-2.100 EPS. Equities analysts anticipate that G-III Apparel Group will post 4.16 earnings per share for the current year.

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.