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

G-III Apparel Group, LTD. (NASDAQ:GIII) declared a quarterly dividend on Wednesday, May 27th. Investors of record on Monday, June 22nd will be paid a dividend of 0.10 per share by the textile maker on Wednesday, July 8th. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, June 22nd.

G-III Apparel Group Stock Performance

Shares of G-III Apparel Group stock traded up $0.61 on Wednesday, hitting $32.29. The company’s stock had a trading volume of 486,822 shares, compared to its average volume of 487,007. G-III Apparel Group has a 1 year low of $20.33 and a 1 year high of $34.83. The firm has a fifty day moving average price of $29.30 and a 200-day moving average price of $29.55. The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of 21.53 and a beta of 1.30.

G-III Apparel Group (NASDAQ:GIII) last announced its quarterly earnings results on Thursday, March 12th. The textile maker reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.29). G-III Apparel Group had a net margin of 2.28% and a return on equity of 6.70%. The business had revenue of $771.49 million during the quarter, compared to analysts’ expectations of $791.98 million. During the same quarter in the prior year, the firm earned $1.27 EPS. G-III Apparel Group’s revenue for the quarter was down 8.1% on a year-over-year basis. G-III Apparel Group has set its Q1 2027 guidance at -0.400–0.300 EPS and its FY 2027 guidance at 2.000-2.100 EPS. As a group, analysts forecast that G-III Apparel Group will post 2.07 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. UBS Group lowered their price objective on G-III Apparel Group from $30.00 to $26.00 and set a “neutral” rating on the stock in a report on Tuesday, March 17th. Telsey Advisory Group reiterated a “market perform” rating and issued a $29.00 price objective (down from $34.00) on shares of G-III Apparel Group in a report on Monday, March 9th. BTIG Research reiterated a “buy” rating and issued a $34.00 price objective on shares of G-III Apparel Group in a report on Wednesday, March 18th. Finally, Zacks Research upgraded G-III Apparel Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 12th. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $29.00.

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.