G-III Apparel Group (NASDAQ:GIII) Posts Earnings Results, Beats Expectations By $0.06 EPS

G-III Apparel Group (NASDAQ:GIII - Get Free Report) released its earnings results on Friday. The textile maker reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.06, RTT News reports. G-III Apparel Group had a return on equity of 11.66% and a net margin of 5.59%. The firm had revenue of $583.61 million during the quarter, compared to analysts' expectations of $579.48 million. During the same period in the prior year, the company earned $0.12 earnings per share. The company's quarterly revenue was down 4.3% on a year-over-year basis. G-III Apparel Group updated its Q2 2026 guidance to 0.020-0.120 EPS and its FY 2026 guidance to EPS.

G-III Apparel Group Stock Performance

Shares of G-III Apparel Group stock opened at $27.67 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.63 and a quick ratio of 1.75. G-III Apparel Group has a one year low of $20.66 and a one year high of $36.18. The business has a 50-day simple moving average of $26.24 and a 200 day simple moving average of $28.80. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 7.26 and a beta of 1.48.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of G-III Apparel Group by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,228 shares of the textile maker's stock worth $635,000 after purchasing an additional 1,018 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in G-III Apparel Group by 8.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 80,197 shares of the textile maker's stock worth $2,193,000 after buying an additional 6,062 shares in the last quarter. Intech Investment Management LLC raised its position in G-III Apparel Group by 14.1% in the 1st quarter. Intech Investment Management LLC now owns 46,076 shares of the textile maker's stock valued at $1,260,000 after buying an additional 5,685 shares during the last quarter. Finally, Strs Ohio purchased a new stake in G-III Apparel Group in the 1st quarter valued at $77,000. 92.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on GIII. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $30.00 target price on shares of G-III Apparel Group in a report on Monday. UBS Group cut their price target on shares of G-III Apparel Group from $37.00 to $32.00 and set a "neutral" rating on the stock in a report on Tuesday, March 4th. Barclays reduced their price target on G-III Apparel Group from $25.00 to $21.00 and set an "underweight" rating on the stock in a research report on Monday, April 28th. Finally, Wall Street Zen raised shares of G-III Apparel Group from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 31st. One analyst has rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $32.20.

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.