G-III Apparel Group, LTD. Announces Quarterly Dividend of $0.10 (NASDAQ:GIII)

G-III Apparel Group, LTD. (NASDAQ:GIII) declared a quarterly dividend on Thursday, August 20th. Stockholders of record on Tuesday, September 15th will be paid a dividend of 0.10 per share by the textile maker on Tuesday, September 29th. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Tuesday, September 15th.

G-III Apparel Group Price Performance

Shares of GIII traded down $0.92 during mid-day trading on Thursday, reaching $33.18. The stock had a trading volume of 376,376 shares, compared to its average volume of 516,327. G-III Apparel Group has a 52-week low of $24.61 and a 52-week high of $37.54. The business’s fifty day moving average is $34.75 and its 200 day moving average is $31.70. The firm has a market cap of $1.40 billion, a price-to-earnings ratio of 11.72 and a beta of 1.28.

G-III Apparel Group (NASDAQ:GIII) last issued its 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 net margin of 4.34% and a return on equity of 5.59%. The company had revenue of $535.96 million for the quarter, compared to the consensus estimate of $529.07 million. During the same period in the previous year, the firm earned $0.19 earnings per share. G-III Apparel Group’s quarterly revenue 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. As a group, sell-side analysts anticipate that G-III Apparel Group will post 2.24 EPS for the current fiscal year.

About G-III Apparel Group

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.