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

G-III Apparel Group (NASDAQ:GIII) updated 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.

Analysts Set New Price Targets

GIII has been the subject of several research analyst reports. BTIG Research lifted their price objective on shares of G-III Apparel Group from $34.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, June 5th. Telsey Advisory Group reissued a “market perform” rating and set a $38.00 target price (up from $29.00) on shares of G-III Apparel Group in a research note on Monday, June 8th. Weiss Ratings raised shares of G-III Apparel Group from a “hold (c)” rating to a “buy (b-)” rating in a research note on Tuesday, June 9th. KeyCorp reaffirmed an “overweight” rating and issued 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, Wall Street Zen lowered shares of G-III Apparel Group from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, G-III Apparel Group currently has an average rating of “Hold” and an average target price of $33.00.

G-III Apparel Group Price Performance

Shares of NASDAQ:GIII traded down $3.70 during trading on Wednesday, reaching $28.47. 2,090,910 shares of the stock were exchanged, compared to its average volume of 522,801. G-III Apparel Group has a 1-year low of $24.61 and a 1-year high of $37.54. The stock has a fifty day moving average of $34.50 and a two-hundred day moving average of $31.89. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of 10.06 and a beta of 1.27.

G-III Apparel Group (NASDAQ:GIII) last posted its quarterly earnings results on Wednesday, September 2nd. The textile maker reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the company 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. Sell-side analysts forecast that G-III Apparel Group will post 2.24 EPS for the current year.

G-III Apparel Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Tuesday, September 15th. G-III Apparel Group’s dividend payout ratio (DPR) is currently 14.13%.

G-III Apparel Group News Roundup

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.

Institutional Trading of G-III Apparel Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Balyasny Asset Management L.P. purchased a new stake in shares of G-III Apparel Group in the second quarter worth approximately $7,546,000. Barclays PLC boosted its position in shares of G-III Apparel Group by 54.0% during the fourth quarter. Barclays PLC now owns 717,607 shares of the textile maker’s stock valued at $20,782,000 after buying an additional 251,502 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of G-III Apparel Group by 30.6% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,054,266 shares of the textile maker’s stock valued at $28,054,000 after buying an additional 247,245 shares during the last quarter. Millennium Management LLC grew its holdings in G-III Apparel Group by 1,610.3% during the third quarter. Millennium Management LLC now owns 209,713 shares of the textile maker’s stock worth $5,580,000 after buying an additional 197,451 shares in the last quarter. Finally, Squarepoint Ops LLC grew its holdings in G-III Apparel Group by 193.1% during the second quarter. Squarepoint Ops LLC now owns 261,603 shares of the textile maker’s stock worth $5,860,000 after buying an additional 172,352 shares in the last quarter. 92.13% of the stock is owned by institutional investors.

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.