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

G-III Apparel Group (NASDAQ:GIII) updated its FY 2027 earnings guidance on Friday. The company provided earnings per share guidance of 2.150-2.250 for the period, compared to the consensus earnings per share estimate of 2.080. 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 Q2 2027 guidance to 0.150-0.250 EPS.

Analyst Ratings Changes

Several research firms have weighed in on GIII. BTIG Research lifted their price objective on G-III Apparel Group from $34.00 to $40.00 and gave the company a “buy” rating in a research report on Friday. Zacks Research raised G-III Apparel Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. UBS Group cut their price objective on 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. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $29.00 price objective (down from $34.00) on shares of G-III Apparel Group in a research report on Monday, March 9th. Two equities 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 stock. According to MarketBeat, G-III Apparel Group presently has a consensus rating of “Hold” and a consensus price target of $30.20.

G-III Apparel Group Stock Up 5.2%

Shares of GIII opened at $33.71 on Friday. The business’s 50 day moving average price is $30.26 and its 200-day moving average price is $29.80. G-III Apparel Group has a 52 week low of $20.33 and a 52 week high of $35.84. The stock has a market cap of $1.42 billion, a P/E ratio of 11.91 and a beta of 1.29.

G-III Apparel Group (NASDAQ:GIII) last issued its quarterly earnings results on Friday, June 5th. The textile maker reported ($0.21) EPS for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.09. G-III Apparel Group had a return on equity of 6.70% and a net margin of 2.28%.The firm had revenue of $535.96 million for the quarter, compared to analysts’ expectations of $529.07 million. During the same period in the previous year, the firm posted $0.19 EPS. The business’s revenue for the quarter 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. On average, equities analysts anticipate that G-III Apparel Group will post 2.2 EPS for the current year.

G-III Apparel Group Announces Dividend

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

Key G-III Apparel Group News

Here are the key news stories impacting G-III Apparel Group this week:

• Positive Sentiment: G-III reported first-quarter fiscal 2027 revenue of $536 million and EPS of a $0.21 loss, both better than analyst expectations, showing the business performed better than feared. Article Title
• Positive Sentiment: The company raised full-year fiscal 2027 EPS guidance to $2.15-$2.25, above prior expectations, and said first-quarter performance was better than guidance. Article Title
• Positive Sentiment: BTIG Research raised its price target on G-III Apparel Group to $40 from $34 and reiterated a Buy rating, signaling improved analyst confidence in the stock. Article Title
• Neutral Sentiment: Management said fiscal 2027 sales are still expected to decline to about $2.71 billion, reflecting the loss of Calvin Klein and Tommy Hilfiger license revenue, so top-line pressure remains a headwind. Article Title
• Negative Sentiment: Although GAAP profit benefited from tariff recoveries, the company’s non-GAAP results were a loss and second-quarter EPS guidance of $0.15-$0.25 is only in line with expectations, suggesting limited near-term upside. Article Title

Hedge Funds Weigh In On G-III Apparel Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company lifted its position in G-III Apparel Group by 3.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 19,407 shares of the textile maker’s stock valued at $435,000 after acquiring an additional 592 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in G-III Apparel Group by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,228 shares of the textile maker’s stock valued at $635,000 after acquiring an additional 1,018 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in G-III Apparel Group by 1.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 68,437 shares of the textile maker’s stock valued at $1,982,000 after acquiring an additional 1,094 shares in the last quarter. Parallel Advisors LLC lifted its position in G-III Apparel Group by 231.9% in 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 in the last quarter. Finally, Nomura Holdings Inc. lifted its position in G-III Apparel Group by 10.3% in the 3rd quarter. Nomura Holdings Inc. now owns 14,670 shares of the textile maker’s stock valued at $390,000 after acquiring an additional 1,375 shares in the last quarter. 92.13% of the stock is owned by 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.