G-III Apparel Group (NASDAQ:GIII) Updates Q3 2027 Earnings Guidance

G-III Apparel Group (NASDAQ:GIII) updated its third quarter 2027 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 1.350-1.450 for the period, compared to the consensus earnings per share estimate of 1.730. The company issued revenue guidance of $870.0 million-$870.0 million, compared to the consensus revenue estimate of $897.8 million. G-III Apparel Group also updated its FY 2027 guidance to 2.200-2.300 EPS.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on GIII. BTIG Research upped their target price on G-III Apparel Group from $34.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, June 5th. Zacks Research lowered G-III Apparel Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 14th. Weiss Ratings upgraded shares of G-III Apparel Group from a “hold (c)” rating to a “buy (b-)” rating in a research report on Tuesday, June 9th. Telsey Advisory Group reissued a “market perform” rating and issued a $38.00 price target (up from $29.00) on shares of G-III Apparel Group in a report on Monday, June 8th. Finally, Wall Street Zen cut shares of G-III Apparel Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $33.00.

G-III Apparel Group Stock Performance

NASDAQ GIII opened at $28.47 on Thursday. G-III Apparel Group has a one year low of $24.61 and a one year high of $37.54. The stock has a 50-day moving average of $34.38 and a 200 day moving average of $31.88. The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of 10.06 and a beta of 1.27.

G-III Apparel Group (NASDAQ:GIII) last announced its earnings results on Wednesday, September 2nd. The textile maker reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.03. G-III Apparel Group had a net margin of 4.34% and a return on equity of 5.59%. The business had revenue of $554.09 million during the quarter, compared to analysts’ expectations of $570.37 million. During the same period in the prior year, the company earned $0.25 earnings per share. The firm’s revenue was down 9.7% on a year-over-year basis. 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. On average, equities analysts predict that G-III Apparel Group will post 2.24 earnings per share for the current fiscal year.

G-III Apparel Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th will be issued a dividend of $0.10 per share. The ex-dividend date is Tuesday, September 15th. This represents a $0.40 dividend on an annualized basis and a yield of 1.4%. G-III Apparel Group’s dividend payout ratio (DPR) is presently 14.13%.

Key Stories Impacting G-III Apparel Group

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

• Positive Sentiment: G-III reported second-quarter fiscal 2027 GAAP EPS of $0.46, up from $0.25 a year earlier and above the approximately $0.23 analyst consensus. Non-GAAP EPS was $0.26, also slightly ahead of estimates. G-III fiscal 2027 second-quarter results
• Positive Sentiment: Gross margin expanded 440 basis points to 45.2%, helped by pricing actions and a greater mix of higher-margin owned brands. Management said its go-forward portfolio grew at a high-single-digit rate.
• Positive Sentiment: G-III and WHP Global completed the acquisition of Marc Jacobs from LVMH. The company views the brand as a major long-term growth opportunity and is targeting approximately $1 billion in annual revenue from the business. Marc Jacobs acquisition completion
• Neutral Sentiment: Fiscal 2027 non-GAAP EPS guidance was set at $2.20–$2.30, broadly in line with the $2.23 consensus. However, the outlook excludes Marc Jacobs, which management expects to be slightly dilutive during fiscal 2027 before becoming accretive later.
• Positive Sentiment: G-III ended the quarter with $529.2 million in cash, up from $301.8 million, while inventory declined 13% year over year. The company also returned $12.2 million through share repurchases and dividends.
• Negative Sentiment: Second-quarter sales fell 10% year over year to $554.1 million, missing the $570.4 million consensus. Fiscal 2027 sales are expected to be approximately $2.71 billion, down from $2.96 billion, partly reflecting the loss of about $460 million in Calvin Klein and Tommy Hilfiger product sales.
• Negative Sentiment: Third-quarter EPS guidance of $1.35–$1.45 is well below the $1.73 consensus, while projected revenue of roughly $870 million trails the $897.8 million estimate. The company also expects third-quarter sales and earnings to decline from the prior year, making the near-term outlook the primary pressure on GIII.

Institutional Investors Weigh In On G-III Apparel Group

Hedge funds have recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in shares of G-III Apparel Group during the second quarter worth about $41,000. Parallel Advisors LLC increased its position in shares of 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 buying an additional 1,243 shares in the last quarter. Strs Ohio acquired a new stake in G-III Apparel Group in the 1st quarter valued at $77,000. Headlands Technologies LLC acquired a new position in G-III Apparel Group during the second quarter worth $109,000. Finally, State of Wyoming lifted its stake in G-III Apparel Group by 102.6% in the 4th quarter. State of Wyoming now owns 4,817 shares of the textile maker’s stock valued at $140,000 after buying an additional 2,439 shares in the last quarter. 92.13% of the stock is currently 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.