G-III Apparel Group (NASDAQ:GIII) Releases Earnings Results, Beats Estimates By $0.09 EPS

G-III Apparel Group (NASDAQ:GIII) announced its earnings results on Friday. The textile maker reported ($0.21) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.09, FiscalAI reports. G-III Apparel Group had a net margin of 2.28% and a return on equity of 6.70%. During the same quarter last year, the firm earned $0.19 EPS. The company’s revenue was down 8.2% on a year-over-year basis. G-III Apparel Group updated its FY 2027 guidance to 2.150-2.250 EPS and its Q2 2027 guidance to 0.150-0.250 EPS.

G-III Apparel Group Stock Performance

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

G-III Apparel Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Shareholders of record on Monday, June 22nd will be issued 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 yield of 1.2%. G-III Apparel Group’s dividend payout ratio (DPR) is 26.67%.

Analyst Upgrades and Downgrades

GIII has been the topic of a number of analyst reports. UBS Group lowered their price objective on shares of G-III Apparel Group from $30.00 to $26.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 17th. BTIG Research reiterated a “buy” rating and issued a $34.00 price objective on shares of G-III Apparel Group in a research report on Wednesday, March 18th. Telsey Advisory Group reiterated 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 report on Monday, March 9th. Finally, Zacks Research upgraded shares of G-III Apparel Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $29.00.

Institutional Investors Weigh In On G-III Apparel Group

A number of hedge funds and other institutional investors have recently bought and sold shares of GIII. Balyasny Asset Management L.P. acquired a new stake in G-III Apparel Group in the second quarter valued at $7,546,000. Barclays PLC lifted its holdings in G-III Apparel Group by 54.0% in the fourth quarter. Barclays PLC now owns 717,607 shares of the textile maker’s stock valued at $20,782,000 after acquiring an additional 251,502 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in G-III Apparel Group by 30.6% in 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 acquiring an additional 247,245 shares during the period. Millennium Management LLC lifted its holdings in G-III Apparel Group by 1,610.3% in the third quarter. Millennium Management LLC now owns 209,713 shares of the textile maker’s stock valued at $5,580,000 after acquiring an additional 197,451 shares during the period. Finally, Squarepoint Ops LLC lifted its holdings in G-III Apparel Group by 193.1% in the second quarter. Squarepoint Ops LLC now owns 261,603 shares of the textile maker’s stock valued at $5,860,000 after acquiring an additional 172,352 shares during the period. Institutional investors and hedge funds own 92.13% of the company’s stock.

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.