Telsey Advisory Group Has Weak Estimate for GIII Q3 Earnings

G-III Apparel Group, Ltd. (NASDAQ:GIII - Free Report) - Telsey Advisory Group dropped their Q3 2027 EPS estimates for G-III Apparel Group in a report released on Monday, June 9th. Telsey Advisory Group analyst D. Telsey now forecasts that the textile maker will earn $2.27 per share for the quarter, down from their prior forecast of $2.48. 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 Q4 2027 earnings at $1.05 EPS.

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

G-III Apparel Group Trading Down 0.5%

G-III Apparel Group stock traded down $0.11 during midday trading on Tuesday, reaching $22.05. The stock had a trading volume of 1,082,220 shares, compared to its average volume of 567,079. The firm has a market cap of $967.62 million, a price-to-earnings ratio of 5.79 and a beta of 1.48. G-III Apparel Group has a 52-week low of $20.66 and a 52-week high of $36.18. The company has a quick ratio of 1.75, a current ratio of 2.63 and a debt-to-equity ratio of 0.13. The company has a fifty day moving average of $26.03 and a 200 day moving average of $28.70.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) last issued its quarterly earnings data 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 analysts' expectations of $579.48 million. During the same period last year, the company posted $0.12 EPS. The business's revenue was down 4.3% on a year-over-year basis.

Institutional Investors Weigh In On G-III Apparel Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. American Century Companies Inc. raised its stake in G-III Apparel Group by 11.1% in the 1st quarter. American Century Companies Inc. now owns 1,624,350 shares of the textile maker's stock worth $44,426,000 after acquiring an additional 162,904 shares during the last quarter. Millennium Management LLC grew its position in shares of G-III Apparel Group by 139.3% during the 1st quarter. Millennium Management LLC now owns 953,185 shares of the textile maker's stock valued at $26,070,000 after acquiring an additional 554,933 shares during the period. LSV Asset Management increased its position in shares of G-III Apparel Group by 13.2% in the first quarter. LSV Asset Management now owns 846,904 shares of the textile maker's stock valued at $23,163,000 after buying an additional 98,923 shares in the last quarter. Prudential Financial Inc. raised its position in G-III Apparel Group by 2.6% during the fourth quarter. Prudential Financial Inc. now owns 772,447 shares of the textile maker's stock worth $25,197,000 after acquiring an additional 19,723 shares during the period. Finally, Marshall Wace LLP lifted its stake in G-III Apparel Group by 80.6% in the 4th quarter. Marshall Wace LLP now owns 766,068 shares of the textile maker's stock valued at $24,989,000 after buying an additional 341,870 shares in the last quarter. 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.