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

Key Points

• G-III Apparel Group reported quarterly EPS of $0.26, beating analysts’ $0.23 consensus and up from $0.25 a year earlier.
• Quarterly revenue declined 9.7% year over year, while the company posted a 5.59% return on equity and a 4.34% net margin.
• The company declared a quarterly dividend of $0.10 per share, equivalent to $0.40 annually and a 1.2% yield. Analysts’ consensus rating was “Hold,” with an average price target of $33.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) released its quarterly earnings data on Wednesday. The textile maker reported $0.26 EPS for the quarter, beating the consensus estimate of $0.23 by $0.03, Briefing.com reports. G-III Apparel Group had a return on equity of 5.59% and a net margin of 4.34%.During the same period last year, the firm earned $0.25 EPS. The firm's quarterly revenue was down 9.7% on a year-over-year basis.

G-III Apparel Group Price Performance

GIII opened at $32.17 on Wednesday. The stock's 50 day moving average price is $34.50 and its 200 day moving average price is $31.89. The stock has a market cap of $1.36 billion, a P/E ratio of 11.37 and a beta of 1.27. G-III Apparel Group has a 12 month low of $24.61 and a 12 month high of $37.54.

G-III Apparel Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.2%. The ex-dividend date is Tuesday, September 15th. G-III Apparel Group's dividend payout ratio (DPR) is currently 14.13%.

Analyst Ratings Changes

GIII has been the topic of several recent research reports. Wall Street Zen lowered G-III Apparel Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 15th. KeyCorp restated an "overweight" rating and set a $40.00 target price (up from $35.00) on shares of G-III Apparel Group in a research note on Monday, June 8th. Telsey Advisory Group restated a "market perform" rating and set a $38.00 price objective (up from $29.00) on shares of G-III Apparel Group in a report on Monday, June 8th. BTIG Research raised 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, Weiss Ratings raised G-III Apparel Group from a "hold (c)" rating to a "buy (b-)" rating in a research report on Tuesday, June 9th. Three equities 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. According to MarketBeat, G-III Apparel Group has an average rating of "Hold" and an average target price of $33.00.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position 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 worth $635,000 after buying an additional 1,018 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in G-III Apparel Group by 8.2% during 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 purchasing an additional 6,062 shares in the last quarter. Intech Investment Management LLC lifted its position in 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 purchasing an additional 5,685 shares during the period. Strs Ohio acquired a new stake in G-III Apparel Group in the first quarter worth approximately $77,000. Finally, First Trust Advisors LP boosted its stake in G-III Apparel Group by 15.7% during the 2nd quarter. First Trust Advisors LP now owns 154,445 shares of the textile maker's stock valued at $3,460,000 after purchasing an additional 20,984 shares in the last quarter. 92.13% of the stock is owned by institutional investors and hedge funds.

G-III Apparel Group News Roundup

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.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source