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

G-III Apparel Group (NASDAQ:GIII) updated its FY 2027 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 2.000-2.100 for the period, compared to the consensus estimate of 2.990. 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 Q1 2027 guidance to -0.400–0.300 EPS.

Wall Street Analyst Weigh In

GIII has been the topic of a number of research reports. UBS Group dropped their price target on G-III Apparel Group from $32.00 to $30.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 3rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of G-III Apparel Group in a research report on Friday, January 9th. BTIG Research increased their target price on G-III Apparel Group from $32.00 to $34.00 and gave the company a “buy” rating in a report on Tuesday, December 9th. Telsey Advisory Group restated a “market perform” rating and set a $34.00 price target on shares of G-III Apparel Group in a research note on Monday. Finally, KeyCorp reaffirmed an “overweight” rating and set a $35.00 price target (up from $33.00) on shares of G-III Apparel Group in a research report on Wednesday, December 10th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $30.80.

G-III Apparel Group Price Performance

Shares of GIII stock opened at $29.57 on Thursday. The company has a market cap of $1.25 billion, a price-to-earnings ratio of 8.88 and a beta of 1.29. G-III Apparel Group has a 1 year low of $20.33 and a 1 year high of $34.83. The firm has a fifty day moving average price of $30.00 and a 200-day moving average price of $28.77.

G-III Apparel Group (NASDAQ:GIII) last announced its earnings results on Tuesday, December 9th. The textile maker reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.29. The company had revenue of $988.65 million for the quarter, compared to analysts’ expectations of $1.01 billion. G-III Apparel Group had a return on equity of 9.37% and a net margin of 4.89%.G-III Apparel Group’s revenue for the quarter was down 9.3% compared to the same quarter last year. During the same period last year, the firm earned $2.59 EPS. Equities research analysts expect that G-III Apparel Group will post 4.16 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in GIII. Parallel Advisors LLC grew its stake in shares of G-III Apparel Group by 231.9% during the 4th 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. Raymond James Financial Inc. bought a new stake in G-III Apparel Group during the 2nd quarter worth approximately $41,000. Strs Ohio purchased a new position in G-III Apparel Group during the first quarter valued at approximately $77,000. State of Wyoming boosted its position in shares of G-III Apparel Group by 102.6% in 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. Finally, Headlands Technologies LLC purchased a new stake in shares of G-III Apparel Group in the second quarter worth $109,000. 92.13% of the stock is owned by hedge funds and other institutional investors.

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.