Q3 EPS Forecast for G-III Apparel Group Cut by Analyst

Key Points

• Telsey Advisory Group has lowered its Q3 2026 EPS estimate for G-III Apparel Group from $1.80 to $1.60, maintaining a "Market Perform" rating and targeting a stock price of $30.00.
• Other analysts have mixed opinions on G-III Apparel Group, with UBS lowering its price target from $29.00 to $26.00 and KeyCorp raising theirs from $30.00 to $33.00.
• G-III Apparel Group reported Q2 earnings exceeding estimates, posting $0.25 EPS against a consensus estimate of $0.10, despite revenue declining 4.9% year-over-year to $613.27 million.

G-III Apparel Group, LTD. (NASDAQ:GIII - Free Report) - Analysts at Telsey Advisory Group cut their Q3 2026 earnings per share (EPS) estimates for shares of G-III Apparel Group in a research note issued on Friday, September 5th. Telsey Advisory Group analyst D. Telsey now expects that the textile maker will post earnings per share of $1.60 for the quarter, down from their previous forecast of $1.80. Telsey Advisory Group currently has a "Market Perform" rating and a $30.00 target price on the stock. The consensus estimate for G-III Apparel Group's current full-year earnings is $4.16 per share. Telsey Advisory Group also issued estimates for G-III Apparel Group's Q4 2026 earnings at $0.68 EPS, FY2026 earnings at $2.71 EPS and Q4 2027 earnings at $0.88 EPS.

A number of other equities research analysts have also issued reports on GIII. 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, June 9th. Wall Street Zen lowered G-III Apparel Group from a "strong-buy" rating to a "hold" rating in a research note on Saturday, June 14th. Barclays raised their price target on G-III Apparel Group from $18.00 to $21.00 and gave the stock an "underweight" rating in a research note on Friday. Finally, KeyCorp raised their price target on G-III Apparel Group from $30.00 to $33.00 and gave the stock an "overweight" rating in a research note on Friday. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $29.60.

G-III Apparel Group Stock Performance

Shares of GIII stock opened at $25.96 on Monday. G-III Apparel Group has a 52-week low of $20.33 and a 52-week high of $36.18. The firm has a market capitalization of $1.12 billion, a P/E ratio of 6.43 and a beta of 1.49. The stock has a 50 day moving average price of $24.78 and a 200 day moving average price of $25.32.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) last posted its quarterly earnings data on Thursday, September 4th. The textile maker reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.15. The business had revenue of $613.27 million during the quarter, compared to analyst estimates of $568.67 million. G-III Apparel Group had a return on equity of 11.59% and a net margin of 5.84%.The company's revenue for the quarter was down 4.9% on a year-over-year basis. During the same period last year, the company earned $0.52 EPS. 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.

Institutional Investors Weigh In On G-III Apparel Group

A number of institutional investors and hedge funds have recently bought and sold shares of GIII. Millennium Management LLC raised its position in G-III Apparel Group by 139.3% during the 1st quarter. Millennium Management LLC now owns 953,185 shares of the textile maker's stock valued at $26,070,000 after purchasing an additional 554,933 shares in the last quarter. Norges Bank purchased a new position in shares of G-III Apparel Group in the 2nd quarter valued at $10,366,000. Nuveen LLC purchased a new position in shares of G-III Apparel Group in the 1st quarter valued at $11,614,000. Cerity Partners LLC purchased a new position in shares of G-III Apparel Group in the 2nd quarter valued at $9,313,000. Finally, Balyasny Asset Management L.P. purchased a new position in shares of G-III Apparel Group in the 2nd quarter valued at $7,546,000. 92.13% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Amigo Victor Herrero bought 5,000 shares of the firm's stock in a transaction on Tuesday, June 24th. The stock was acquired at an average cost of $21.95 per share, with a total value of $109,750.00. Following the transaction, the director directly owned 54,746 shares in the company, valued at approximately $1,201,674.70. This trade represents a 10.05% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 13.00% of the stock is currently owned by company insiders.

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.

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