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

G-III Apparel Group (NASDAQ:GIII - Get Free Report) announced its quarterly earnings data 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 business had revenue of $583.61 million during the quarter, compared to the consensus estimate of $579.48 million. During the same period in the prior year, the company earned $0.12 EPS. G-III Apparel Group's revenue for the quarter 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 Trading Down 1.6%

NASDAQ GIII traded down $0.35 during trading hours on Monday, hitting $22.16. 2,240,842 shares of the company's stock were exchanged, compared to its average volume of 565,015. The stock has a 50-day simple moving average of $26.03 and a 200 day simple moving average of $28.70. G-III Apparel Group has a 1-year low of $20.66 and a 1-year high of $36.18. The firm has a market cap of $972.45 million, a price-to-earnings ratio of 5.82 and a beta of 1.48. The company has a current ratio of 2.63, a quick ratio of 1.75 and a debt-to-equity ratio of 0.13.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on GIII shares. 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. Barclays decreased their price target on G-III Apparel Group from $21.00 to $18.00 and set an "underweight" rating for the company in a research note on Monday. Wall Street Zen raised G-III Apparel Group from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 31st. UBS Group decreased their price target on G-III Apparel Group from $29.00 to $26.00 and set a "neutral" rating for the company in a research note on Monday. Finally, Telsey Advisory Group decreased their price target on G-III Apparel Group from $30.00 to $27.00 and set a "market perform" rating for the company in a research note on Monday. One investment analyst has rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, G-III Apparel Group has an average rating of "Moderate Buy" and an average target price of $27.80.

Institutional Investors Weigh In On G-III Apparel Group

Large investors have recently added to or reduced their stakes in the business. Strs Ohio acquired a new stake in G-III Apparel Group during the first quarter worth approximately $77,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in G-III Apparel Group by 4.6% during 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 period. Intech Investment Management LLC grew its stake in G-III Apparel Group by 14.1% during the first quarter. Intech Investment Management LLC now owns 46,076 shares of the textile maker's stock worth $1,260,000 after purchasing an additional 5,685 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake 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 purchasing an additional 6,062 shares during the period. Institutional investors and hedge funds 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.