G-III Apparel Group (NASDAQ:GIII) Updates FY 2027 Earnings Guidance

G-III Apparel Group (NASDAQ:GIII) issued an update on its FY 2027 earnings guidance on Wednesday. The company provided EPS guidance of 2.200-2.300 for the period, compared to the consensus EPS estimate of 2.230. The company issued revenue guidance of $2.7 billion-$2.7 billion, compared to the consensus revenue estimate of $2.7 billion. G-III Apparel Group also updated its Q3 2027 guidance to 1.350-1.450 EPS.

G-III Apparel Group Trading Down 11.5%

NASDAQ:GIII traded down $3.70 during trading hours on Wednesday, hitting $28.47. 2,091,090 shares of the company traded hands, compared to its average volume of 525,777. The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of 10.06 and a beta of 1.27. G-III Apparel Group has a twelve month low of $24.61 and a twelve month high of $37.54. The firm has a 50-day moving average of $34.50 and a 200 day moving average of $31.89.

G-III Apparel Group (NASDAQ:GIII) last issued its quarterly earnings results on Wednesday, September 2nd. The textile maker reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.03. G-III Apparel Group had a net margin of 4.34% and a return on equity of 5.59%. The company’s revenue was down 9.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.25 earnings per share. 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. Equities research analysts predict that G-III Apparel Group will post 2.24 earnings per share for the current fiscal year.

G-III Apparel Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 15th will be issued a $0.10 dividend. 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 14.13%.

Wall Street Analyst Weigh In

A number of brokerages have commented on GIII. Zacks Research downgraded G-III Apparel Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 14th. Telsey Advisory Group restated 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 note on Monday, June 8th. BTIG Research raised their target price on G-III Apparel Group from $34.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, June 5th. KeyCorp reiterated an “overweight” rating and set a $40.00 price target (up from $35.00) on shares of G-III Apparel Group in a research note on Monday, June 8th. Finally, Weiss Ratings upgraded shares of G-III Apparel Group from a “hold (c)” rating to a “buy (b-)” rating in a research note on Tuesday, June 9th. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $33.00.

G-III Apparel Group News Summary

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.

Hedge Funds Weigh In On G-III Apparel Group

Several hedge funds and other institutional investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of G-III Apparel Group by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,228 shares of the textile maker’s stock worth $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 holdings in shares of G-III Apparel Group by 8.2% during the first 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 acquiring an additional 6,062 shares during the period. Intech Investment Management LLC lifted its holdings in shares of G-III Apparel Group by 14.1% during the first quarter. Intech Investment Management LLC now owns 46,076 shares of the textile maker’s stock valued at $1,260,000 after acquiring an additional 5,685 shares during the period. Strs Ohio acquired a new stake in shares of G-III Apparel Group in the 1st quarter valued at $77,000. Finally, First Trust Advisors LP boosted its stake in shares of G-III Apparel Group by 15.7% in the 2nd quarter. First Trust Advisors LP now owns 154,445 shares of the textile maker’s stock valued at $3,460,000 after purchasing an additional 20,984 shares in the last quarter. Institutional investors own 92.13% of the company’s stock.

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.