G-III Apparel Group (NASDAQ:GIII) Releases 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 earnings per share (EPS) guidance of 0.150-0.250 for the period, compared to the consensus 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 Down 0.8%

Shares of GIII stock opened at $32.04 on Friday. G-III Apparel Group has a 12 month low of $20.33 and a 12 month high of $34.83. The stock has a market cap of $1.35 billion, a P/E ratio of 21.36 and a beta of 1.29. The company has a 50 day simple moving average of $30.13 and a two-hundred day simple moving average of $29.77.

G-III Apparel Group (NASDAQ:GIII) last announced its earnings results on Friday, June 5th. The textile maker reported ($0.21) EPS for the quarter, beating analysts’ consensus estimates 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%. During the same quarter in the previous year, the company earned $0.19 earnings per share. The company’s quarterly revenue 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. As a group, equities analysts forecast that G-III Apparel Group will post 2.07 earnings per share for the current year.

G-III Apparel Group Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages have recently issued reports on GIII. Telsey Advisory Group reissued a “market perform” rating and issued a $29.00 price objective (down from $34.00) on shares of G-III Apparel Group in a research note on Monday, March 9th. UBS Group reduced their price objective on shares of G-III Apparel Group from $30.00 to $26.00 and set a “neutral” rating for the company in a research note on Tuesday, March 17th. Zacks Research raised shares of G-III Apparel Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. Finally, BTIG Research reissued a “buy” rating and issued a $34.00 price objective on shares of G-III Apparel Group in a research note on Wednesday, March 18th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, G-III Apparel Group has an average rating of “Hold” and an average target price of $29.00.

Hedge Funds Weigh In On G-III Apparel Group

Several institutional investors have recently bought and sold shares of GIII. Raymond James Financial Inc. purchased a new position in G-III Apparel Group during the second quarter valued at $41,000. Parallel Advisors LLC grew its stake in G-III Apparel Group by 231.9% during the fourth quarter. Parallel Advisors LLC now owns 1,779 shares of the textile maker’s stock valued at $52,000 after acquiring an additional 1,243 shares in the last quarter. Strs Ohio purchased a new position in G-III Apparel Group during the first quarter valued at $77,000. Headlands Technologies LLC purchased a new position in G-III Apparel Group during the second quarter valued at $109,000. Finally, State of Wyoming grew its stake in G-III Apparel Group by 102.6% during the fourth quarter. State of Wyoming now owns 4,817 shares of the textile maker’s stock valued at $140,000 after acquiring an additional 2,439 shares in the last quarter. 92.13% of the stock is owned by hedge funds and other 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.