G-III Apparel Group (NASDAQ:GIII) Announces Quarterly Earnings Results

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

G-III Apparel Group Stock Performance

Shares of GIII opened at $32.17 on Wednesday. The firm has a market cap of $1.36 billion, a PE ratio of 11.37 and a beta of 1.27. The firm’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 twelve month low of $24.61 and a twelve month high of $37.54.

G-III Apparel Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 15th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.2%. G-III Apparel Group’s dividend payout ratio (DPR) is 14.13%.

Institutional Investors Weigh In On G-III Apparel Group

A number of large investors have recently bought and sold shares of GIII. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in G-III Apparel Group by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,228 shares of the textile maker’s stock worth $635,000 after buying an additional 1,018 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of G-III Apparel Group by 8.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 80,197 shares of the textile maker’s stock worth $2,193,000 after acquiring an additional 6,062 shares in the last quarter. Intech Investment Management LLC increased its holdings in shares of G-III Apparel Group by 14.1% during the 1st quarter. Intech Investment Management LLC now owns 46,076 shares of the textile maker’s stock valued at $1,260,000 after acquiring an additional 5,685 shares during the last quarter. Strs Ohio bought a new position in shares of G-III Apparel Group in the 1st quarter valued at approximately $77,000. Finally, First Trust Advisors LP raised its stake in shares of G-III Apparel Group by 15.7% in the 2nd quarter. First Trust Advisors LP now owns 154,445 shares of the textile maker’s stock valued at $3,460,000 after acquiring an additional 20,984 shares in the last quarter. 92.13% of the stock is currently owned by institutional investors.

Key Stories Impacting G-III Apparel Group

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.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Telsey Advisory Group reiterated a “market perform” rating and set a $38.00 price target (up from $29.00) on shares of G-III Apparel Group in a report on Monday, June 8th. Weiss Ratings upgraded G-III Apparel Group from a “hold (c)” rating to a “buy (b-)” rating in a research report on Tuesday, June 9th. KeyCorp reiterated an “overweight” rating and issued a $40.00 target price (up from $35.00) on shares of G-III Apparel Group in a report on Monday, June 8th. BTIG Research increased their price target on shares of G-III Apparel Group from $34.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, June 5th. Finally, 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. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $33.00.

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.