Q2 EPS Forecast for G-III Apparel Group Lowered by Analyst

G-III Apparel Group, Ltd. (NASDAQ:GIII - Free Report) - Investment analysts at Telsey Advisory Group cut their Q2 2026 EPS estimates for G-III Apparel Group in a report issued on Monday, June 9th. Telsey Advisory Group analyst D. Telsey now anticipates that the textile maker will earn $0.10 per share for the quarter, down from their previous estimate of $0.54. Telsey Advisory Group currently has a "Market Perform" rating and a $27.00 target price 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 Q3 2026 earnings at $1.80 EPS, Q4 2026 earnings at $0.80 EPS, FY2026 earnings at $2.88 EPS, Q2 2027 earnings at $0.08 EPS and FY2027 earnings at $3.50 EPS.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) last released its earnings results on Friday, June 6th. The textile maker reported $0.19 EPS for the quarter, beating analysts' consensus estimates of $0.13 by $0.06. The business had revenue of $583.61 million for the quarter, compared to analysts' expectations of $579.48 million. G-III Apparel Group had a return on equity of 11.66% and a net margin of 5.59%. The firm's revenue was down 4.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.12 earnings per share.

GIII has been the topic of a number of other research reports. Barclays reduced their target price on G-III Apparel Group from $21.00 to $18.00 and set an "underweight" rating on the stock in a research note on Monday, June 9th. UBS Group cut their price target on shares of G-III Apparel Group from $29.00 to $26.00 and set a "neutral" rating for the company in a research report on Monday, June 9th. Wall Street Zen lowered shares of G-III Apparel Group from a "strong-buy" rating to a "hold" rating in a research report on Saturday. Finally, KeyCorp cut their price target on shares of G-III Apparel Group from $40.00 to $30.00 and set an "overweight" rating for the company in a research report on Monday, June 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, G-III Apparel Group presently has an average rating of "Hold" and an average price target of $27.80.

G-III Apparel Group Price Performance

GIII traded down $0.71 during trading on Wednesday, reaching $20.54. The stock had a trading volume of 1,217,136 shares, compared to its average volume of 571,920. The stock has a market cap of $901.36 million, a PE ratio of 5.39 and a beta of 1.48. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.75 and a current ratio of 2.63. G-III Apparel Group has a one year low of $20.37 and a one year high of $36.18. The business has a 50-day moving average of $25.78 and a 200-day moving average of $28.46.

Institutional Trading of G-III Apparel Group

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

About G-III Apparel Group

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.