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

G-III Apparel Group, Ltd. (NASDAQ:GIII - Free Report) - Equities researchers at Telsey Advisory Group cut their Q2 2026 earnings estimates for shares of G-III Apparel Group in a research note issued to investors on Monday, June 9th. Telsey Advisory Group analyst D. Telsey now anticipates that the textile maker will post earnings of $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 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 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.

A number of other equities analysts have also issued reports on the company. Barclays decreased their price objective on G-III Apparel Group from $21.00 to $18.00 and set an "underweight" rating for the company in a report on Monday. UBS Group reduced their price objective on shares of G-III Apparel Group from $29.00 to $26.00 and set a "neutral" rating for the company in a report on Monday. Wall Street Zen raised shares of G-III Apparel Group from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 31st. Finally, KeyCorp dropped their price target on shares of G-III Apparel Group from $40.00 to $30.00 and set an "overweight" rating on the stock in a research report on Monday. One analyst has rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $27.80.

G-III Apparel Group Stock Down 2.7%

GIII traded down $0.59 during trading on Wednesday, hitting $21.18. The company had a trading volume of 320,124 shares, compared to its average volume of 566,980. G-III Apparel Group has a 1-year low of $20.66 and a 1-year high of $36.18. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.63 and a quick ratio of 1.75. The company has a market cap of $929.44 million, a PE ratio of 5.56 and a beta of 1.48. The business has a 50-day moving average of $25.88 and a 200-day moving average of $28.61.

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

Institutional Trading of G-III Apparel Group

Several hedge funds have recently modified their holdings of GIII. New York State Common Retirement Fund lifted its holdings in G-III Apparel Group by 46.6% in the fourth quarter. New York State Common Retirement Fund now owns 44,071 shares of the textile maker's stock valued at $1,438,000 after buying an additional 14,016 shares during the period. Victory Capital Management Inc. lifted its stake in shares of G-III Apparel Group by 513.2% in the 4th quarter. Victory Capital Management Inc. now owns 564,998 shares of the textile maker's stock valued at $18,430,000 after purchasing an additional 472,862 shares during the period. Phocas Financial Corp. boosted its position in shares of G-III Apparel Group by 84.4% in the 4th quarter. Phocas Financial Corp. now owns 234,020 shares of the textile maker's stock worth $7,634,000 after purchasing an additional 107,082 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of G-III Apparel Group during the fourth quarter worth $375,000. Finally, Squarepoint Ops LLC bought a new position in G-III Apparel Group during the fourth quarter worth about $2,308,000. 92.13% of the stock is owned by institutional investors.

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.