Telsey Advisory Group Has Weak Forecast for GIII Q3 Earnings

G-III Apparel Group, LTD. (NASDAQ:GIII) – Equities researchers at Telsey Advisory Group cut their Q3 2026 earnings per share estimates for shares of G-III Apparel Group in a report issued on Friday, September 5th. Telsey Advisory Group analyst D. Telsey now expects that the textile maker will earn $1.60 per share for the quarter, down from their prior estimate of $1.80. Telsey Advisory Group has a “Market Perform” rating and a $30.00 price target on the stock. The consensus estimate for G-III Apparel Group’s current full-year earnings is $4.16 per share. Telsey Advisory Group also issued estimates for G-III Apparel Group’s Q4 2026 earnings at $0.68 EPS, FY2026 earnings at $2.71 EPS and Q4 2027 earnings at $0.88 EPS.

G-III Apparel Group (NASDAQ:GIII) last released its quarterly earnings results on Thursday, September 4th. The textile maker reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.15. The firm had revenue of $613.27 million for the quarter, compared to analysts’ expectations of $568.67 million. G-III Apparel Group had a return on equity of 11.59% and a net margin of 5.84%.The company’s revenue was down 4.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.52 EPS. G-III Apparel Group has set its Q3 2026 guidance at 1.430-1.630 EPS. FY 2026 guidance at 2.550-2.750 EPS.

Several other research firms also recently commented on GIII. Wall Street Zen downgraded G-III Apparel Group from a “strong-buy” rating to a “hold” rating in a report on Saturday, June 14th. Barclays lifted their price target on G-III Apparel Group from $18.00 to $21.00 and gave the stock an “underweight” rating in a research note on Friday, September 5th. KeyCorp increased their price objective on G-III Apparel Group from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Friday, September 5th. Finally, UBS Group decreased their target price on shares of G-III Apparel Group from $29.00 to $26.00 and set a “neutral” rating on the stock in a research note on Monday, June 9th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $29.60.

G-III Apparel Group Trading Down 0.7%

Shares of NASDAQ GIII opened at $26.90 on Monday. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of 6.66 and a beta of 1.49. G-III Apparel Group has a 1-year low of $20.33 and a 1-year high of $36.18. The stock’s 50-day moving average is $24.94 and its 200 day moving average is $25.32.

Insiders Place Their Bets

In other news, Director Amigo Victor Herrero acquired 5,000 shares of the business’s stock in a transaction on Tuesday, June 24th. The shares were acquired at an average cost of $21.95 per share, with a total value of $109,750.00. Following the transaction, the director owned 54,746 shares in the company, valued at $1,201,674.70. The trade was a 10.05% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 13.00% of the company’s stock.

Institutional Investors Weigh In On G-III Apparel Group

Several hedge funds have recently made changes to their positions in GIII. Lido Advisors LLC increased its stake in G-III Apparel Group by 2.0% in the 2nd quarter. Lido Advisors LLC now owns 20,594 shares of the textile maker’s stock worth $461,000 after buying an additional 395 shares in the last quarter. SummerHaven Investment Management LLC boosted its stake in shares of G-III Apparel Group by 1.6% in the first quarter. SummerHaven Investment Management LLC now owns 29,853 shares of the textile maker’s stock worth $816,000 after acquiring an additional 461 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of G-III Apparel Group by 5.8% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,781 shares of the textile maker’s stock worth $219,000 after purchasing an additional 539 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. raised its stake in G-III Apparel Group by 18.6% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,590 shares of the textile maker’s stock valued at $117,000 after purchasing an additional 564 shares during the period. Finally, The Manufacturers Life Insurance Company raised its stake in G-III Apparel Group by 3.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 19,407 shares of the textile maker’s stock valued at $435,000 after purchasing an additional 592 shares during the period. 92.13% of the stock is currently owned by institutional investors.

About G-III Apparel Group

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.