G-III Apparel Group (NASDAQ:GIII) Announces Earnings Results, Beats Expectations By $0.03 EPS

G-III Apparel Group (NASDAQ:GIII) released its earnings results on Wednesday. The textile maker reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.03, Briefing.com reports. G-III Apparel Group had a return on equity of 5.59% and a net margin of 4.34%.During the same period last year, the firm earned $0.25 earnings per share. The company’s quarterly revenue was down 9.7% on a year-over-year basis.

G-III Apparel Group Stock Performance

GIII opened at $32.17 on Wednesday. The business’s 50 day moving average price is $34.50 and its 200 day moving average price is $31.89. G-III Apparel Group has a one year low of $24.61 and a one year high of $37.54. The stock has a market capitalization of $1.36 billion, a PE ratio of 11.37 and a beta of 1.27.

G-III Apparel Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 15th will be issued a $0.10 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $0.40 dividend on an annualized basis and a yield of 1.2%. G-III Apparel Group’s dividend payout ratio is presently 14.13%.

Hedge Funds Weigh In On G-III Apparel Group

A number of institutional investors and hedge funds have recently made changes to their positions in GIII. Corient Private Wealth LLC purchased a new stake in shares of G-III Apparel Group during the fourth quarter worth about $425,000. Mercer Global Advisors Inc. ADV grew its stake in G-III Apparel Group by 18.5% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 14,408 shares of the textile maker’s stock worth $417,000 after buying an additional 2,248 shares during the last quarter. Summit Global Investments acquired a new stake in shares of G-III Apparel Group in the 4th quarter worth approximately $231,000. State of Tennessee Department of Treasury raised its stake in G-III Apparel Group by 107.8% during the 4th quarter. State of Tennessee Department of Treasury now owns 20,396 shares of the textile maker’s stock valued at $599,000 after purchasing an additional 10,581 shares during the period. Finally, Mackenzie Financial Corp acquired a new stake in shares of G-III Apparel Group in the 4th quarter valued at $219,000. 92.13% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently commented on GIII. Wall Street Zen downgraded shares of G-III Apparel Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Zacks Research cut shares of G-III Apparel Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 14th. KeyCorp reissued an “overweight” rating and set a $40.00 price target (up from $35.00) on shares of G-III Apparel Group in a report on Monday, June 8th. BTIG Research raised their price objective on shares of G-III Apparel Group from $34.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, June 5th. Finally, Telsey Advisory Group reiterated 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. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $33.00.

G-III Apparel Group News Summary

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

• Positive Sentiment: Quarterly earnings exceeded expectations and guidance was raised. G-III reported second-quarter fiscal 2027 GAAP EPS of $0.46, versus $0.25 a year earlier, while non-GAAP EPS was $0.26 compared with $0.25 last year. Both figures exceeded company guidance. Management raised full-year GAAP and non-GAAP earnings guidance, excluding Marc Jacobs, and said go-forward portfolio sales increased at a high-single-digit rate. G-III Apparel fiscal 2027 second-quarter results
• Positive Sentiment: Marc Jacobs acquisition completed. G-III and WHP Global closed their purchase of Marc Jacobs from LVMH. G-III acquired the operating business and entered a long-term license with a joint venture that co-owns the brand’s intellectual property. The companies are targeting approximately $1 billion in long-term annual Marc Jacobs revenue, creating a potentially meaningful growth platform for G-III. Marc Jacobs acquisition completion
• Neutral Sentiment: Brand marketing remains active. DKNY launched its fall 2026 campaign featuring Iris Law and Amelia Gray, which may support brand visibility, though the announcement has limited immediate financial impact. DKNY fall 2026 campaign
• Negative Sentiment: Revenue declined year over year. Second-quarter net sales fell to $554.1 million from $613.3 million, highlighting ongoing top-line pressure despite improved earnings. Investors may also focus on integration costs and execution risk as G-III begins operating and expanding Marc Jacobs.

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.