G-III Apparel Group (NASDAQ:GIII) Issues Q2 2027 Earnings Guidance

G-III Apparel Group (NASDAQ:GIII) issued an update on its second quarter 2027 earnings guidance on Friday morning. The company provided EPS guidance of 0.150-0.250 for the period, compared to the consensus EPS estimate of 0.190. The company issued revenue guidance of $570.0 million-$570.0 million, compared to the consensus revenue estimate of $555.5 million. G-III Apparel Group also updated its FY 2027 guidance to 2.150-2.250 EPS.

G-III Apparel Group Trading Up 5.2%

NASDAQ:GIII opened at $33.71 on Friday. G-III Apparel Group has a 12 month low of $20.33 and a 12 month high of $35.84. The firm has a fifty day simple moving average of $30.26 and a 200-day simple moving average of $29.80. The company has a market capitalization of $1.42 billion, a P/E ratio of 11.91 and a beta of 1.29.

G-III Apparel Group (NASDAQ:GIII) last posted its quarterly earnings data on Friday, June 5th. The textile maker reported ($0.21) EPS for the quarter, topping the consensus estimate of ($0.30) by $0.09. G-III Apparel Group had a net margin of 2.28% and a return on equity of 6.70%. The business had revenue of $535.96 million during the quarter, compared to the consensus estimate of $529.07 million. During the same period in the previous year, the firm posted $0.19 earnings per share. The business’s revenue for the quarter was down 8.2% compared to the same quarter last year. 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. Equities analysts forecast that G-III Apparel Group will post 2.2 EPS for the current year.

G-III Apparel Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Investors of record on Monday, June 22nd will be given a dividend of $0.10 per share. The ex-dividend date is Monday, June 22nd. This represents a $0.40 dividend on an annualized basis and a yield of 1.2%. G-III Apparel Group’s payout ratio is currently 26.67%.

Analyst Ratings Changes

A number of research analysts recently issued reports on GIII shares. Telsey Advisory Group restated a “market perform” rating and set a $29.00 target price (down from $34.00) on shares of G-III Apparel Group in a research report on Monday, March 9th. BTIG Research boosted their target price 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. UBS Group decreased their target price on shares of G-III Apparel Group from $30.00 to $26.00 and set a “neutral” rating for the company in a research report on Tuesday, March 17th. Finally, Zacks Research upgraded shares of G-III Apparel Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $30.20.

G-III Apparel Group News Roundup

Here are the key news stories impacting G-III Apparel Group this week:

• Positive Sentiment: G-III reported first-quarter fiscal 2027 revenue of $536 million and EPS of a $0.21 loss, both better than analyst expectations, showing the business performed better than feared. Article Title
• Positive Sentiment: The company raised full-year fiscal 2027 EPS guidance to $2.15-$2.25, above prior expectations, and said first-quarter performance was better than guidance. Article Title
• Positive Sentiment: BTIG Research raised its price target on G-III Apparel Group to $40 from $34 and reiterated a Buy rating, signaling improved analyst confidence in the stock. Article Title
• Neutral Sentiment: Management said fiscal 2027 sales are still expected to decline to about $2.71 billion, reflecting the loss of Calvin Klein and Tommy Hilfiger license revenue, so top-line pressure remains a headwind. Article Title
• Negative Sentiment: Although GAAP profit benefited from tariff recoveries, the company’s non-GAAP results were a loss and second-quarter EPS guidance of $0.15-$0.25 is only in line with expectations, suggesting limited near-term upside. Article Title

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GIII. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in G-III Apparel Group by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,228 shares of the textile maker’s stock valued at $635,000 after buying an additional 1,018 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in G-III Apparel Group by 8.2% in 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 buying an additional 6,062 shares in the last quarter. Intech Investment Management LLC increased its holdings in G-III Apparel Group by 14.1% in the first quarter. Intech Investment Management LLC now owns 46,076 shares of the textile maker’s stock valued at $1,260,000 after buying an additional 5,685 shares in the last quarter. Strs Ohio purchased a new position in G-III Apparel Group in the first quarter valued at $77,000. Finally, First Trust Advisors LP increased its holdings in G-III Apparel Group by 15.7% in the second quarter. First Trust Advisors LP now owns 154,445 shares of the textile maker’s stock valued at $3,460,000 after buying an additional 20,984 shares in the last quarter. Hedge funds and other institutional investors own 92.13% of the company’s stock.

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.