Equities Analysts Offer Predictions for GIII Q3 Earnings

G-III Apparel Group, Ltd. (NASDAQ:GIII) – Research analysts at Telsey Advisory Group reduced their Q3 2027 earnings per share estimates for G-III Apparel Group in a report released on Monday, June 9th. Telsey Advisory Group analyst D. Telsey now expects that the textile maker will post earnings of $2.27 per share for the quarter, down from their previous forecast of $2.48. Telsey Advisory Group has a “Market Perform” rating and a $27.00 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 2027 earnings at $1.05 EPS.

A number of other analysts have also recently weighed in on the stock. KeyCorp lowered their target price on shares of G-III Apparel Group from $40.00 to $30.00 and set an “overweight” rating on the stock in a research note on Monday. Wall Street Zen raised G-III Apparel Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 31st. UBS Group lowered their price objective on shares of G-III Apparel Group from $29.00 to $26.00 and set a “neutral” rating for the company in a research report on Monday. Finally, Barclays cut their price objective on shares of G-III Apparel Group from $21.00 to $18.00 and set an “underweight” rating on the stock in a report on Monday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $27.80.

G-III Apparel Group Trading Up 0.6%

Shares of G-III Apparel Group stock opened at $22.29 on Tuesday. The company’s fifty day moving average price is $26.03 and its two-hundred day moving average price is $28.70. The firm has a market capitalization of $977.93 million, a PE ratio of 5.80 and a beta of 1.48. G-III Apparel Group has a 52-week low of $20.66 and a 52-week high of $36.18. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.63 and a quick ratio of 1.75.

G-III Apparel Group (NASDAQ:GIII) last announced its quarterly earnings data on Friday, June 6th. The textile maker reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.06. The company had revenue of $583.61 million for the quarter, compared to analyst estimates of $579.48 million. G-III Apparel Group had a return on equity of 11.66% and a net margin of 5.59%. G-III Apparel Group’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.12 EPS.

Institutional Trading of G-III Apparel Group

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd boosted its stake in G-III Apparel Group by 5,154.5% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,156 shares of the textile maker’s stock worth $32,000 after acquiring an additional 1,134 shares during the last quarter. AlphaQuest LLC bought a new position in shares of G-III Apparel Group during the fourth quarter worth $49,000. Smartleaf Asset Management LLC boosted its position in shares of G-III Apparel Group by 249.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,977 shares of the textile maker’s stock worth $64,000 after purchasing an additional 1,412 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of G-III Apparel Group in the 4th quarter valued at $68,000. Finally, Strs Ohio bought a new stake in shares of G-III Apparel Group in the 1st quarter valued at $77,000. 92.13% of the stock is owned by institutional investors.

G-III Apparel Group Company Profile

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.