G-III Apparel Group (NASDAQ:GIII) Posts Quarterly Earnings Results, Beats Estimates By $0.15 EPS

Key Points

• G-III Apparel Group reported a quarterly earnings of $0.25 per share, significantly exceeding the consensus estimate of $0.10.
• The company's stock has a market capitalization of $1.17 billion and a PE ratio of 6.28, with shares reaching a 52-week low of $20.33 and a high of $36.18.
• Insider buying activity was noted, with Director Victor Herrero purchasing 5,000 shares at an average price of $21.95, indicating increased confidence in the company’s prospects.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) released its quarterly earnings data on Thursday. The textile maker reported $0.25 EPS for the quarter, topping analysts' consensus estimates of $0.10 by $0.15, Zacks reports. G-III Apparel Group had a net margin of 5.84% and a return on equity of 11.59%. The company had revenue of $613.27 million during the quarter, compared to the consensus estimate of $568.67 million. During the same period last year, the firm earned $0.52 EPS. The firm's revenue for the quarter was down 4.9% compared to the same quarter last year. G-III Apparel Group updated its Q3 2026 guidance to 1.430-1.630 EPS and its FY 2026 guidance to 2.550-2.750 EPS.

G-III Apparel Group Stock Performance

G-III Apparel Group stock traded up $1.12 on Monday, reaching $27.08. The company's stock had a trading volume of 988,656 shares, compared to its average volume of 634,023. The business's fifty day moving average price is $24.78 and its 200 day moving average price is $25.32. The company has a market cap of $1.17 billion, a price-to-earnings ratio of 6.70 and a beta of 1.49. G-III Apparel Group has a twelve month low of $20.33 and a twelve month high of $36.18.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. KeyCorp increased their price target on shares of G-III Apparel Group from $30.00 to $33.00 and gave the stock an "overweight" rating in a research report on Friday. Barclays upped their price objective on G-III Apparel Group from $18.00 to $21.00 and gave the company an "underweight" rating in a research note on Friday. Telsey Advisory Group reissued a "market perform" rating and issued a $30.00 target price (up from $27.00) on shares of G-III Apparel Group in a report on Tuesday, September 2nd. Wall Street Zen downgraded G-III Apparel Group from a "strong-buy" rating to a "hold" rating in a research report on Saturday, June 14th. Finally, UBS Group lowered their price target on G-III Apparel Group from $29.00 to $26.00 and set a "neutral" rating on the stock in a research report on Monday, June 9th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $29.60.

Insider Activity

In other G-III Apparel Group news, Director Amigo Victor Herrero purchased 5,000 shares of the business's stock in a transaction that occurred on Tuesday, June 24th. The stock was acquired at an average cost of $21.95 per share, with a total value of $109,750.00. Following the completion of the acquisition, the director directly owned 54,746 shares of the company's stock, valued at $1,201,674.70. This represents a 10.05% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 13.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On G-III Apparel Group

Institutional investors have recently modified their holdings of the stock. Balyasny Asset Management L.P. acquired a new stake in G-III Apparel Group in the second quarter worth about $7,546,000. Squarepoint Ops LLC grew its position in shares of G-III Apparel Group by 193.1% during the 2nd quarter. Squarepoint Ops LLC now owns 261,603 shares of the textile maker's stock worth $5,860,000 after buying an additional 172,352 shares during the period. Ameriprise Financial Inc. raised its stake in shares of G-III Apparel Group by 34.0% during the second quarter. Ameriprise Financial Inc. now owns 269,829 shares of the textile maker's stock worth $6,041,000 after buying an additional 68,402 shares during the last quarter. Two Sigma Securities LLC bought a new stake in shares of G-III Apparel Group during the second quarter worth approximately $624,000. Finally, Oxford Asset Management LLP acquired a new position in G-III Apparel Group in the second quarter valued at approximately $533,000. 92.13% of the stock is owned by 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.