G-III Apparel Group (NASDAQ:GIII) Trading Down 4% – Here’s What Happened

G-III Apparel Group, LTD. (NASDAQ:GIII) fell 4% during mid-day trading on Wednesday . The company traded as low as $30.65 and last traded at $30.8860. 137,550 shares were traded during mid-day trading, a decline of 73% from the average daily volume of 514,074 shares. The stock had previously closed at $32.17.

Key Stories Impacting G-III Apparel Group

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

• Positive Sentiment: Second-quarter GAAP EPS was $0.46, up from $0.25 a year ago and above expectations. Non-GAAP EPS was $0.26, also slightly ahead of consensus. Gross margin expanded 440 basis points to 45.2% as higher-margin owned brands and pricing supported profitability. G-III second-quarter results
• Positive Sentiment: Management raised fiscal 2027 earnings guidance, excluding the newly acquired Marc Jacobs business. The company also reported stronger cash of $529.2 million, 13% lower inventory, and high-single-digit growth in its go-forward brand portfolio.
• Positive Sentiment: G-III and WHP Global completed the acquisition of Marc Jacobs. Management views the brand as a long-term growth opportunity with a potential $1 billion annual revenue target, although benefits are expected to take time. Marc Jacobs acquisition
• Positive Sentiment: BTIG reaffirmed its Buy rating and maintained a $40 price target, implying substantial upside from the recent trading level.
• Neutral Sentiment: The investment case is shifting toward owned brands such as Donna Karan, DKNY, and Marc Jacobs, while G-III reduces its dependence on licensed products. This could improve margins but increases execution and integration risk.
• Negative Sentiment: Second-quarter revenue fell 9.7% year over year to $554.1 million, missing the approximately $570 million consensus estimate. Fiscal 2027 sales are expected to decline to about $2.71 billion, partly reflecting the loss of Calvin Klein and Tommy Hilfiger business.
• Negative Sentiment: Third-quarter guidance was notably weak: EPS of $1.35–$1.45 and revenue of about $870 million, versus consensus estimates of $1.73 EPS and $897.8 million revenue. The company expects Marc Jacobs to be slightly dilutive in fiscal 2027.
• Negative Sentiment: Telsey Advisory Group lowered its price target to $32 from $38 and downgraded the stock to Market Perform, citing transition challenges, license expirations, European weakness, and uncertainty surrounding Marc Jacobs. Analyst outlook

Analyst Ratings Changes

Several equities research analysts have recently commented on GIII shares. Zacks Research downgraded G-III Apparel Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 14th. Wall Street Zen downgraded G-III Apparel Group from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. KeyCorp reaffirmed an “overweight” rating and set a $40.00 price objective (up from $35.00) on shares of G-III Apparel Group in a research note on Monday, June 8th. Weiss Ratings raised shares of G-III Apparel Group from a “hold (c)” rating to a “buy (b-)” rating in a research report on Tuesday, June 9th. Finally, Telsey Advisory Group cut their price target on shares of G-III Apparel Group from $38.00 to $32.00 and set a “market perform” rating on the stock in a report on Thursday. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, G-III Apparel Group presently has a consensus rating of “Hold” and an average target price of $31.80.

G-III Apparel Group Price Performance

The firm has a market cap of $1.15 billion, a PE ratio of 8.96 and a beta of 1.27. The business has a fifty day moving average price of $34.26 and a two-hundred day moving average price of $31.86.

G-III Apparel Group (NASDAQ:GIII) last announced its quarterly earnings data on Wednesday, September 2nd. The textile maker reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.03. G-III Apparel Group had a return on equity of 5.55% and a net margin of 4.75%.The firm had revenue of $554.09 million during the quarter, compared to the consensus estimate of $570.37 million. During the same period in the prior year, the business earned $0.25 EPS. The business’s revenue for the quarter 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. As a group, sell-side analysts forecast that G-III Apparel Group, LTD. will post 2.24 EPS for the current fiscal year.

G-III Apparel Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 15th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Tuesday, September 15th. G-III Apparel Group’s dividend payout ratio is 14.13%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of G-III Apparel Group by 4.6% during 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 buying an additional 1,018 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of G-III Apparel Group by 8.2% in the first 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 during the last quarter. Intech Investment Management LLC increased its stake in shares of G-III Apparel Group by 14.1% in the first quarter. Intech Investment Management LLC now owns 46,076 shares of the textile maker’s stock worth $1,260,000 after acquiring an additional 5,685 shares during the last quarter. Strs Ohio purchased a new stake in shares of G-III Apparel Group during the first quarter worth $77,000. Finally, First Trust Advisors LP raised its holdings in shares of G-III Apparel Group by 15.7% during the second quarter. First Trust Advisors LP now owns 154,445 shares of the textile maker’s stock worth $3,460,000 after acquiring an additional 20,984 shares in the last quarter. Institutional investors and hedge funds own 92.13% of the company’s stock.

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.