G-III Apparel Group, LTD. (NASDAQ:GIII) Declares $0.10 Quarterly Dividend

G-III Apparel Group, LTD. (NASDAQ:GIII) declared a quarterly dividend on Tuesday, August 18th. Stockholders of record on Tuesday, September 15th will be given a dividend of 0.10 per share by the textile maker on Tuesday, September 29th. This represents a c) annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, September 15th.

G-III Apparel Group Stock Up 0.8%

Shares of GIII stock opened at $27.89 on Friday. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of 9.17 and a beta of 1.27. The stock has a fifty day moving average of $33.56 and a 200 day moving average of $31.71. G-III Apparel Group has a 52 week low of $24.61 and a 52 week high of $37.54.

G-III Apparel Group (NASDAQ:GIII) last issued its quarterly earnings data on Wednesday, September 2nd. The textile maker reported $0.26 EPS for the quarter, topping the consensus estimate of $0.23 by $0.03. G-III Apparel Group had a net margin of 4.75% and a return on equity of 5.53%. The business had revenue of $554.09 million during the quarter, compared to analyst estimates of $570.37 million. During the same period in the prior year, the business earned $0.25 EPS. The company’s revenue for the quarter was down 9.7% on a year-over-year basis. 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 anticipate that G-III Apparel Group will post 2.25 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have weighed in on GIII shares. Telsey Advisory Group cut their price objective on G-III Apparel Group from $38.00 to $32.00 and set a “market perform” rating on the stock in a research report on Thursday, September 3rd. BTIG Research reaffirmed a “buy” rating and issued a $40.00 price target on shares of G-III Apparel Group in a research note on Wednesday, September 2nd. Wall Street Zen downgraded G-III Apparel Group from a “buy” rating to a “hold” rating in a report on Sunday. KeyCorp restated an “overweight” rating and set a $40.00 target price (up from $35.00) on shares of G-III Apparel Group in a report on Monday, June 8th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of G-III Apparel Group in a research note on Friday, September 4th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, G-III Apparel Group presently has an average rating of “Moderate Buy” and a consensus price target of $34.50.

About G-III Apparel Group

G-III Apparel Group, Ltd. is a global fashion company that designs, sources, and markets apparel, accessories, footwear, and related products. Its offerings include women’s and men’s clothing, handbags, footwear, outerwear, and other fashion products sold through department stores, specialty retailers, brand stores, and e-commerce channels.

The company owns and operates brands including DKNY, Donna Karan, Karl Lagerfeld, and Vilebrequin, and develops products under a portfolio of licensed brands.