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

G-III Apparel Group (NASDAQ:GIII) issued an update on its FY 2027 earnings guidance on Wednesday morning. The company provided earnings per share 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.

G-III Apparel Group Stock Down 4.4%

GIII opened at $27.23 on Friday. The stock’s 50 day moving average price is $34.26 and its two-hundred day moving average price is $31.86. The firm has a market capitalization of $1.15 billion, a P/E ratio of 8.96 and a beta of 1.27. G-III Apparel Group has a 12-month low of $24.61 and a 12-month high of $37.54.

G-III Apparel Group (NASDAQ:GIII) last issued its quarterly earnings results on Wednesday, September 2nd. The textile maker reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.03. G-III Apparel Group had a return on equity of 5.55% and a net margin of 4.75%.The company had revenue of $554.09 million during the quarter, compared to analyst estimates of $570.37 million. During the same period in the previous year, the company earned $0.25 earnings per share. The company’s quarterly revenue was down 9.7% compared to the same quarter last year. 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. As a group, analysts anticipate that G-III Apparel Group will post 2.24 earnings per share for the current year.

G-III Apparel Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.5%. The ex-dividend date is Tuesday, September 15th. G-III Apparel Group’s dividend payout ratio is presently 14.13%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Telsey Advisory Group reduced their price target on shares of G-III Apparel Group from $38.00 to $32.00 and set a “market perform” rating for the company in a report on Thursday. Weiss Ratings raised shares of G-III Apparel Group from a “hold (c)” rating to a “buy (b-)” rating in a research report on Tuesday, June 9th. Wall Street Zen cut shares of G-III Apparel Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. KeyCorp reissued an “overweight” rating and set a $40.00 target price (up from $35.00) on shares of G-III Apparel Group in a research report on Monday, June 8th. Finally, BTIG Research restated a “buy” rating and set a $40.00 price target on shares of G-III Apparel Group in a research note on Wednesday. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, G-III Apparel Group has an average rating of “Hold” and a consensus price target of $31.80.

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 fiscal 2027 GAAP earnings of $0.46 per diluted share, up from $0.25 a year earlier and above consensus estimates. Adjusted EPS was $0.26, also ahead of expectations. G-III Apparel Boosts FY27 Outlook As Q2 Profit Soars
• Positive Sentiment: Gross margin expanded 440 basis points to 45.2%, helped by pricing and a shift toward higher-margin owned brands. Management said sales from its go-forward portfolio grew at a high-single-digit rate, suggesting underlying brand performance is stronger than headline revenue indicates. G-III Q2 Earnings Beat Estimates
• Positive Sentiment: G-III completed its acquisition of Marc Jacobs, adding a significant owned brand and targeting approximately $1 billion in long-term annual revenue from the business. Cash increased to $529.2 million, while inventory declined 13% year over year. G-III Apparel and WHP Complete Marc Jacobs Acquisition
• Positive Sentiment: BTIG reaffirmed its Buy rating and set a $40 price target, implying substantial upside from the current trading level. BTIG Analyst Rating
• Neutral Sentiment: Analyst views are mixed: Telsey cut its price target to $32 and moved to Market Perform, while other analysts emphasize the strength of G-III’s owned-brand strategy. G-III Apparel Market Overlooks Hidden Strength
• Negative Sentiment: Revenue fell 9.7% to $554.1 million, missing the $570.4 million consensus estimate. The decline reflects the loss of Calvin Klein and Tommy Hilfiger licenses and continuing European headwinds. G-III Apparel Mixed Q2 Read-Across
• Negative Sentiment: Third-quarter guidance of $1.35–$1.45 in EPS and approximately $870 million in revenue was below consensus expectations of $1.73 and $897.8 million, respectively. Marc Jacobs is expected to be slightly dilutive in fiscal 2027, increasing execution risk during the transition. G-III Apparel Sets Downbeat Outlook

Institutional Investors Weigh In On G-III Apparel Group

Several institutional investors and hedge funds have recently bought and sold shares of the business. Raymond James Financial Inc. bought a new position in shares of G-III Apparel Group during the 2nd quarter worth about $41,000. Parallel Advisors LLC increased its stake in G-III Apparel Group by 231.9% in 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 during the period. Strs Ohio acquired a new position in G-III Apparel Group in the first quarter worth about $77,000. Headlands Technologies LLC acquired a new position in G-III Apparel Group in the second quarter worth about $109,000. Finally, State of Wyoming lifted 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 worth $140,000 after purchasing an additional 2,439 shares during the period. Institutional investors 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.