G-III Apparel Group (NASDAQ:GIII) Updates Q3 2027 Earnings Guidance

Key Points

• G-III lowered its near-term outlook: Q3 fiscal 2027 EPS guidance is $1.35–$1.45 and revenue guidance is $870 million, below analyst estimates of $1.73 EPS and $897.8 million revenue. Full-year adjusted EPS guidance is $2.20–$2.30.
• Shares fell 11.5% to $28.47 following the guidance update, while analysts maintained a consensus “Hold” rating with a $33 price target. The company’s outlook faces pressure from expiring Calvin Klein and Tommy Hilfiger licenses, although margins and inventory management have improved.
• G-III completed its Marc Jacobs acquisition and is targeting approximately $1 billion in long-term annual revenue from the brand; the deal is expected to be slightly dilutive in fiscal 2027 before becoming accretive after the first year.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) updated its third quarter 2027 earnings guidance on Wednesday morning. The company provided EPS guidance of 1.350-1.450 for the period, compared to the consensus EPS estimate of 1.730. The company issued revenue guidance of $870.0 million-$870.0 million, compared to the consensus revenue estimate of $897.8 million. G-III Apparel Group also updated its FY 2027 guidance to 2.200-2.300 EPS.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on GIII shares. BTIG Research lifted their price objective on G-III Apparel Group from $34.00 to $40.00 and gave the stock a "buy" rating in a research report on Friday, June 5th. Zacks Research cut G-III Apparel Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 14th. Weiss Ratings upgraded G-III Apparel Group from a "hold (c)" rating to a "buy (b-)" rating in a report on Tuesday, June 9th. Telsey Advisory Group reissued a "market perform" rating and set a $38.00 price target (up from $29.00) on shares of G-III Apparel Group in a research report on Monday, June 8th. Finally, KeyCorp reissued an "overweight" rating and issued a $40.00 price objective (up from $35.00) on shares of G-III Apparel Group in a report on Monday, June 8th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $33.00.

G-III Apparel Group Trading Down 11.5%

GIII traded down $3.70 on Wednesday, hitting $28.47. The company had a trading volume of 2,090,910 shares, compared to its average volume of 522,801. The company's fifty day moving average price is $34.50 and its 200 day moving average price is $31.89. G-III Apparel Group has a 1 year low of $24.61 and a 1 year high of $37.54. The firm has a market cap of $1.20 billion, a P/E ratio of 10.06 and a beta of 1.27.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) last announced its quarterly earnings results on Wednesday, September 2nd. The textile maker reported $0.26 earnings per share for the quarter, beating analysts' consensus estimates of $0.23 by $0.03. G-III Apparel Group had a net margin of 4.34% and a return on equity of 5.59%. During the same quarter in the previous year, the firm earned $0.25 earnings per share. The company's revenue for the quarter was down 9.7% compared to the same quarter last year. G-III Apparel Group has set its Q3 2027 guidance at 1.350-1.450 EPS and its FY 2027 guidance at 2.200-2.300 EPS. On average, analysts predict that G-III Apparel Group will post 2.24 earnings per share for the current year.

G-III Apparel Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.4%. The ex-dividend date is Tuesday, September 15th. G-III Apparel Group's dividend payout ratio (DPR) is 14.13%.

Trending Headlines about G-III Apparel Group

Here are the key news stories impacting G-III Apparel Group this week:

• Positive Sentiment: G-III reported second-quarter adjusted earnings of $0.26 per diluted share, ahead of consensus estimates, while GAAP earnings rose to $0.46 per share from $0.25 a year earlier. Gross margin expanded 440 basis points to 45.2%, supported by pricing and a shift toward higher-margin owned brands. G-III Q2 Earnings Beat Estimates, Fiscal 2027 EPS View Raised
• Positive Sentiment: Management raised fiscal 2027 GAAP net-income guidance to $181 million-$185 million, or $4.10-$4.20 per share, excluding the Marc Jacobs acquisition. Cash increased to $529.2 million and inventories fell 13%, indicating improved liquidity and inventory management. G-III Apparel Reports Second Quarter Results and Raises Earnings Guidance
• Positive Sentiment: G-III completed its acquisition of Marc Jacobs and targets approximately $1 billion in long-term annual revenue from the brand. The company also said sales from its go-forward portfolio grew at a high-single-digit rate, supporting its strategy to reduce reliance on expiring licenses. WHP Global and G-III Apparel Complete Marc Jacobs Acquisition
• Neutral Sentiment: The acquisition is strategically attractive but is expected to be slightly dilutive in fiscal 2027, with accretion anticipated after the first 12 months. Investors will likely seek more detailed financial targets when G-III reports third-quarter results.
• Negative Sentiment: Second-quarter sales declined 10% year over year to $554.1 million. Fiscal 2027 sales are projected at approximately $2.71 billion, incorporating an estimated $460 million loss from Calvin Klein and Tommy Hilfiger products as key licenses expire. G-III Apparel Sets Downbeat Outlook on Key License Expirations
• Negative Sentiment: Third-quarter sales are expected to fall to about $870 million from $988.6 million a year earlier, while GAAP earnings are forecast at $1.35-$1.45 per share versus $1.84 previously. Additionally, adjusted fiscal 2027 EPS guidance of $2.20-$2.30 is below the prior year's $2.61, highlighting near-term pressure beneath the improved GAAP outlook.

Institutional Investors Weigh In On G-III Apparel Group

Institutional investors have recently modified their holdings of the company. Corient Private Wealth LLC purchased a new stake in G-III Apparel Group during the 4th quarter worth about $425,000. Mercer Global Advisors Inc. ADV grew its position in G-III Apparel Group by 18.5% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 14,408 shares of the textile maker's stock worth $417,000 after purchasing an additional 2,248 shares during the last quarter. Summit Global Investments acquired a new position in G-III Apparel Group in the 4th quarter valued at about $231,000. State of Tennessee Department of Treasury increased its holdings in shares of G-III Apparel Group by 107.8% in the fourth quarter. State of Tennessee Department of Treasury now owns 20,396 shares of the textile maker's stock valued at $599,000 after purchasing an additional 10,581 shares during the period. Finally, Mackenzie Financial Corp purchased a new position in G-III Apparel Group during the fourth quarter worth about $219,000. 92.13% of the stock is owned by institutional investors and hedge funds.

G-III Apparel Group Company Profile

G-III Apparel Group, Ltd. is a global fashion company engaged in the design, sourcing, marketing and distribution of women's and men's apparel, outerwear, footwear, handbags and fashion accessories. Founded in 1956 and headquartered in New York City, the company has grown from an importer of ladies' apparel into a diversified apparel business with a portfolio of owned and licensed brands.

The company's product offerings span a broad spectrum of price points and styles, including formal and casual outerwear, sportswear, performance wear and contemporary fashion.

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