G-III Apparel Group (NASDAQ:GIII) Updates FY 2027 Earnings Guidance

G-III Apparel Group (NASDAQ:GIII) updated its FY 2027 earnings guidance on Friday. The company provided earnings per share guidance of 2.150-2.250 for the period, compared to the consensus earnings per share estimate of 2.080. The company issued revenue guidance of $2.7 billion-$2.7 billion, compared to the consensus revenue estimate of $2.7 billion. G-III Apparel Group also updated its Q2 2027 guidance to 0.150-0.250 EPS.

G-III Apparel Group Stock Up 5.2%

GIII stock opened at $33.71 on Friday. G-III Apparel Group has a twelve month low of $20.33 and a twelve month high of $35.84. The stock has a market cap of $1.42 billion, a P/E ratio of 22.47 and a beta of 1.29. The business’s 50-day moving average price is $30.26 and its 200-day moving average price is $29.80.

G-III Apparel Group (NASDAQ:GIII) last posted its quarterly earnings data on Friday, June 5th. The textile maker reported ($0.21) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.09. G-III Apparel Group had a return on equity of 6.70% and a net margin of 2.28%.The firm had revenue of $535.96 million for the quarter, compared to analysts’ expectations of $529.07 million. During the same period in the previous year, the firm earned $0.19 EPS. The business’s quarterly revenue was down 8.2% on a year-over-year basis. 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. On average, equities research analysts expect that G-III Apparel Group will post 2.07 earnings per share for the current fiscal year.

G-III Apparel Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 8th. Shareholders of record on Monday, June 22nd will be paid a $0.10 dividend. The ex-dividend date of this dividend is Monday, June 22nd. This represents a $0.40 dividend on an annualized basis and a yield of 1.2%. G-III Apparel Group’s payout ratio is presently 26.67%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. UBS Group reduced their price objective on G-III Apparel Group from $30.00 to $26.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 17th. Zacks Research raised G-III Apparel Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $29.00 price objective (down from $34.00) on shares of G-III Apparel Group in a research note on Monday, March 9th. Finally, BTIG Research lifted their price objective on G-III Apparel Group from $34.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $30.20.

Key Headlines Impacting G-III Apparel Group

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

• Positive Sentiment: G-III reported first-quarter fiscal 2027 revenue of $536 million and EPS of a $0.21 loss, both better than analyst expectations, showing the business performed better than feared. Article Title
• Positive Sentiment: The company raised full-year fiscal 2027 EPS guidance to $2.15-$2.25, above prior expectations, and said first-quarter performance was better than guidance. Article Title
• Positive Sentiment: BTIG Research raised its price target on G-III Apparel Group to $40 from $34 and reiterated a Buy rating, signaling improved analyst confidence in the stock. Article Title
• Neutral Sentiment: Management said fiscal 2027 sales are still expected to decline to about $2.71 billion, reflecting the loss of Calvin Klein and Tommy Hilfiger license revenue, so top-line pressure remains a headwind. Article Title
• Negative Sentiment: Although GAAP profit benefited from tariff recoveries, the company’s non-GAAP results were a loss and second-quarter EPS guidance of $0.15-$0.25 is only in line with expectations, suggesting limited near-term upside. Article Title

Hedge Funds Weigh In On G-III Apparel Group

Hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its stake in G-III Apparel Group by 0.5% in the third quarter. Dimensional Fund Advisors LP now owns 2,936,957 shares of the textile maker’s stock worth $78,153,000 after purchasing an additional 15,500 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in G-III Apparel Group by 30.6% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,054,266 shares of the textile maker’s stock worth $28,054,000 after purchasing an additional 247,245 shares during the period. AQR Capital Management LLC raised its position in G-III Apparel Group by 19.5% during the 4th quarter. AQR Capital Management LLC now owns 772,319 shares of the textile maker’s stock valued at $22,366,000 after purchasing an additional 125,942 shares in the last quarter. Bragg Financial Advisors Inc lifted its holdings in shares of G-III Apparel Group by 0.5% in the 4th quarter. Bragg Financial Advisors Inc now owns 732,462 shares of the textile maker’s stock worth $21,212,000 after buying an additional 3,851 shares during the period. Finally, Barclays PLC lifted its holdings in shares of G-III Apparel Group by 54.0% in the 4th quarter. Barclays PLC now owns 717,607 shares of the textile maker’s stock worth $20,782,000 after buying an additional 251,502 shares during the period. 92.13% of the stock is currently owned by institutional investors.

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.