G-III Apparel Group, LTD. (NASDAQ:GIII) Announces Quarterly Dividend of $0.10

G-III Apparel Group, LTD. (NASDAQ:GIII) announced a quarterly dividend on Wednesday, May 27th. Shareholders of record on Monday, June 22nd will be paid a dividend of 0.10 per share by the textile maker on Wednesday, July 8th. This represents a c) dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Monday, June 22nd.

G-III Apparel Group Price Performance

GIII traded up $0.61 on Wednesday, reaching $32.29. 486,822 shares of the stock were exchanged, compared to its average volume of 487,007. The company’s 50-day moving average price is $29.30 and its 200 day moving average price is $29.55. G-III Apparel Group has a fifty-two week low of $20.33 and a fifty-two week high of $34.83. The firm has a market capitalization of $1.36 billion, a PE ratio of 21.53 and a beta of 1.30.

G-III Apparel Group (NASDAQ:GIII) last issued its quarterly earnings results on Thursday, March 12th. The textile maker reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.29). G-III Apparel Group had a return on equity of 6.70% and a net margin of 2.28%.The firm had revenue of $771.49 million for the quarter, compared to analyst estimates of $791.98 million. During the same period in the prior year, the firm posted $1.27 EPS. The business’s revenue was down 8.1% compared to the same quarter last year. G-III Apparel Group has set its Q1 2027 guidance at -0.400–0.300 EPS and its FY 2027 guidance at 2.000-2.100 EPS. As a group, equities analysts forecast that G-III Apparel Group will post 2.07 earnings per share for the current fiscal year.

G-III Apparel Group Company Profile

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.