G-III Apparel Group (NASDAQ:GIII) Updates FY 2026 Earnings Guidance

Key Points

• G-III Apparel Group has issued FY 2026 earnings guidance of 2.550-2.750 EPS, falling short of the consensus estimate of 2.890 EPS.
• The company also projected revenue of $3.0 billion, below the consensus estimate of $3.1 billion, and updated Q3 2026 guidance to 1.430-1.630 EPS.
• Analysts have recently downgraded G-III's stock ratings, with Barclays reducing its target price from $21.00 to $18.00 and maintaining an "underweight" rating.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided EPS guidance of 2.550-2.750 for the period, compared to the consensus EPS estimate of 2.890. The company issued revenue guidance of $3.0 billion-$3.0 billion, compared to the consensus revenue estimate of $3.1 billion. G-III Apparel Group also updated its Q3 2026 guidance to 1.430-1.630 EPS.

G-III Apparel Group Trading Up 4.3%

GIII stock traded up $1.12 during trading on Monday, reaching $27.08. The stock had a trading volume of 988,656 shares, compared to its average volume of 634,023. G-III Apparel Group has a 52 week low of $20.33 and a 52 week high of $36.18. The stock's 50 day moving average is $24.78 and its two-hundred day moving average is $25.32. The firm has a market cap of $1.17 billion, a PE ratio of 6.70 and a beta of 1.49.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) last posted its earnings results on Thursday, September 4th. The textile maker reported $0.25 earnings per share for the quarter, beating analysts' consensus estimates of $0.10 by $0.15. G-III Apparel Group had a return on equity of 11.59% and a net margin of 5.84%.The company had revenue of $613.27 million for the quarter, compared to the consensus estimate of $568.67 million. During the same quarter in the prior year, the company earned $0.52 earnings per share. G-III Apparel Group's revenue was down 4.9% on a year-over-year basis. G-III Apparel Group has set its Q3 2026 guidance at 1.430-1.630 EPS. FY 2026 guidance at 2.550-2.750 EPS. On average, research analysts anticipate that G-III Apparel Group will post 4.16 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Barclays increased their target price on shares of G-III Apparel Group from $18.00 to $21.00 and gave the stock an "underweight" rating in a report on Friday. KeyCorp increased their target price on shares of G-III Apparel Group from $30.00 to $33.00 and gave the stock an "overweight" rating in a report on Friday. UBS Group reduced their target price 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, June 9th. 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. Finally, Wall Street Zen lowered shares of G-III Apparel Group from a "strong-buy" rating to a "hold" rating in a report on Saturday, June 14th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, G-III Apparel Group presently has an average rating of "Hold" and a consensus target price of $29.60.

Insider Transactions at G-III Apparel Group

In other G-III Apparel Group news, Director Amigo Victor Herrero bought 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 24th. The shares were bought at an average price of $21.95 per share, with a total value of $109,750.00. Following the purchase, the director owned 54,746 shares of the company's stock, valued at $1,201,674.70. This trade represents a 10.05% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 13.00% of the company's stock.

Institutional Trading of G-III Apparel Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. bought a new stake in G-III Apparel Group during the 2nd quarter valued at approximately $41,000. Strs Ohio bought a new stake in G-III Apparel Group during the 1st quarter valued at approximately $77,000. Headlands Technologies LLC bought a new stake in G-III Apparel Group during the 2nd quarter valued at approximately $109,000. Tower Research Capital LLC TRC raised its stake in G-III Apparel Group by 852.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 12,150 shares of the textile maker's stock valued at $272,000 after purchasing an additional 10,875 shares during the period. Finally, Nomura Holdings Inc. purchased a new position in G-III Apparel Group during the 2nd quarter valued at approximately $298,000. Institutional investors own 92.13% of the company's stock.

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.