Brokers Issue Forecasts for GIII Q1 Earnings

G-III Apparel Group, Ltd. (NASDAQ:GIII - Free Report) - Research analysts at Telsey Advisory Group issued their Q1 2027 earnings per share (EPS) estimates for G-III Apparel Group in a research report issued on Monday, June 2nd. Telsey Advisory Group analyst D. Telsey expects that the textile maker will post earnings per share of $0.10 for the quarter. Telsey Advisory Group has a "Market Perform" rating and a $30.00 price objective on the stock. The consensus estimate for G-III Apparel Group's current full-year earnings is $4.16 per share. Telsey Advisory Group also issued estimates for G-III Apparel Group's Q2 2027 earnings at $0.53 EPS, Q3 2027 earnings at $2.48 EPS, Q4 2027 earnings at $1.10 EPS and FY2027 earnings at $4.21 EPS.

Several other brokerages have also commented on GIII. Barclays cut their price target on G-III Apparel Group from $25.00 to $21.00 and set an "underweight" rating on the stock in a research note on Monday, April 28th. Wall Street Zen raised G-III Apparel Group from a "buy" rating to a "strong-buy" rating in a research report on Saturday. Finally, UBS Group dropped their price objective on G-III Apparel Group from $37.00 to $32.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, G-III Apparel Group presently has an average rating of "Moderate Buy" and an average price target of $32.20.

G-III Apparel Group Stock Down 2.4%

Shares of G-III Apparel Group stock traded down $0.69 during trading on Tuesday, hitting $28.40. 444,428 shares of the stock traded hands, compared to its average volume of 556,661. The firm has a market cap of $1.25 billion, a P/E ratio of 7.45 and a beta of 1.41. The company has a current ratio of 2.63, a quick ratio of 1.75 and a debt-to-equity ratio of 0.13. G-III Apparel Group has a 52-week low of $20.66 and a 52-week high of $36.18. The stock's fifty day simple moving average is $26.21 and its 200 day simple moving average is $28.82.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) last announced its quarterly earnings results on Thursday, March 13th. The textile maker reported $1.27 EPS for the quarter, beating the consensus estimate of $0.97 by $0.30. The firm had revenue of $839.50 million for the quarter, compared to analyst estimates of $808.59 million. G-III Apparel Group had a return on equity of 11.66% and a net margin of 5.59%. The business's revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.76 earnings per share.

Institutional Investors Weigh In On G-III Apparel Group

Institutional investors have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd boosted its holdings in G-III Apparel Group by 5,154.5% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,156 shares of the textile maker's stock worth $32,000 after acquiring an additional 1,134 shares in the last quarter. AlphaQuest LLC acquired a new stake in G-III Apparel Group in the fourth quarter worth about $49,000. Smartleaf Asset Management LLC boosted its holdings in G-III Apparel Group by 249.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,977 shares of the textile maker's stock worth $64,000 after acquiring an additional 1,412 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in G-III Apparel Group in the fourth quarter worth about $68,000. Finally, Strs Ohio acquired a new stake in G-III Apparel Group in the first quarter worth about $77,000. Institutional investors and hedge funds own 92.13% of the company's stock.

G-III Apparel Group Company Profile

G-III Apparel Group, Ltd. designs, sources, and markets women's and men's apparel in the United States and internationally. The company operates through two segments, Wholesale Operations and Retail Operations. Its products include outerwear, dresses, sportswear, swimwear, women's suits, and women's performance wear; and women's handbags, footwear, small leather goods, cold weather accessories, and luggage.