G-III Apparel Group (NASDAQ:GIII - Get Free Report) issued an update on its third quarter 2026 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 1.430-1.630 for the period, compared to the consensus estimate of 1.850. The company issued revenue guidance of $1.0 billion-$1.0 billion, compared to the consensus revenue estimate of $1.1 billion. G-III Apparel Group also updated its FY 2026 guidance to 2.550-2.750 EPS.
G-III Apparel Group Stock Up 4.3%
Shares of GIII stock traded up $1.12 on Monday, reaching $27.08. The company had a trading volume of 988,656 shares, compared to its average volume of 634,023. The stock has a market capitalization of $1.17 billion, a PE ratio of 6.70 and a beta of 1.49. G-III Apparel Group has a one year low of $20.33 and a one year high of $36.18. The business's 50-day moving average is $24.78 and its 200 day moving average is $25.32.
G-III Apparel Group (NASDAQ:GIII - Get Free Report) last posted its earnings results on Thursday, September 4th. The textile maker reported $0.25 EPS for the quarter, topping analysts' consensus estimates of $0.10 by $0.15. The firm had revenue of $613.27 million during the quarter, compared to analysts' expectations of $568.67 million. G-III Apparel Group had a net margin of 5.84% and a return on equity of 11.59%. The business's revenue for the quarter was down 4.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.52 earnings per share. 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, sell-side analysts forecast that G-III Apparel Group will post 4.16 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of research analysts have recently commented on GIII shares. UBS Group dropped 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. Wall Street Zen downgraded G-III Apparel Group from a "strong-buy" rating to a "hold" rating in a research note on Saturday, June 14th. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $30.00 price objective (up previously from $27.00) on shares of G-III Apparel Group in a research note on Tuesday, September 2nd. 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. Finally, KeyCorp upped their price objective on G-III Apparel Group from $30.00 to $33.00 and gave the company an "overweight" rating in a research note on Friday. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $29.60.
Read Our Latest Report on G-III Apparel Group
Insiders Place Their Bets
In related news, Director Amigo Victor Herrero acquired 5,000 shares of the stock in a transaction dated Tuesday, June 24th. The stock was bought at an average price of $21.95 per share, for a total transaction of $109,750.00. Following the purchase, the director directly owned 54,746 shares of the company's stock, valued at $1,201,674.70. The trade was a 10.05% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 13.00% of the company's stock.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the stock. Raymond James Financial Inc. acquired a new stake in G-III Apparel Group in the 2nd quarter valued at $41,000. Strs Ohio acquired a new stake in G-III Apparel Group in the 1st quarter valued at $77,000. Headlands Technologies LLC acquired a new stake in G-III Apparel Group in the 2nd quarter valued at $109,000. Tower Research Capital LLC TRC grew its position in G-III Apparel Group by 852.9% in 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. acquired a new stake in G-III Apparel Group in the 2nd quarter valued at $298,000. 92.13% of the stock is owned by institutional investors.
About G-III Apparel Group
(
Get Free Report)
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.
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