Q3 EPS Estimates for GIII Decreased by Telsey Advisory Group

G-III Apparel Group, Ltd. (NASDAQ:GIII) – Stock analysts at Telsey Advisory Group reduced their Q3 2027 EPS estimates for G-III Apparel Group in a research report issued on Monday, June 9th. Telsey Advisory Group analyst D. Telsey now forecasts that the textile maker will post earnings per share of $2.27 for the quarter, down from their previous forecast of $2.48. Telsey Advisory Group currently has a “Market Perform” rating and a $27.00 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 2027 earnings at $1.05 EPS.

G-III Apparel Group (NASDAQ:GIII) last posted its quarterly earnings data on Friday, June 6th. The textile maker reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.06. The business had revenue of $583.61 million during the quarter, compared to analysts’ expectations of $579.48 million. G-III Apparel Group had a net margin of 5.59% and a return on equity of 11.66%. The business’s revenue was down 4.3% on a year-over-year basis. During the same period last year, the firm posted $0.12 earnings per share.

Other research analysts have also issued research reports about the stock. Wall Street Zen upgraded shares of G-III Apparel Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 31st. KeyCorp decreased their price target on shares of G-III Apparel Group from $40.00 to $30.00 and set an “overweight” rating on the stock in a research report on Monday. Barclays decreased their price target on shares of G-III Apparel Group from $21.00 to $18.00 and set an “underweight” rating on the stock in a research report on Monday. Finally, UBS Group decreased their price target on shares of G-III Apparel Group from $29.00 to $26.00 and set a “neutral” rating on the stock in a research report on Monday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $27.80.

G-III Apparel Group Trading Down 1.3%

G-III Apparel Group stock opened at $21.77 on Tuesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.75 and a current ratio of 2.63. The firm has a market cap of $955.33 million, a price-to-earnings ratio of 5.71 and a beta of 1.48. G-III Apparel Group has a 1 year low of $20.66 and a 1 year high of $36.18. The firm’s 50 day moving average price is $25.88 and its two-hundred day moving average price is $28.61.

Hedge Funds Weigh In On G-III Apparel Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in GIII. Janney Montgomery Scott LLC purchased a new position in G-III Apparel Group during the 4th quarter worth approximately $513,000. Principal Financial Group Inc. grew its position in G-III Apparel Group by 1.7% during the 4th quarter. Principal Financial Group Inc. now owns 213,035 shares of the textile maker’s stock worth $6,949,000 after purchasing an additional 3,484 shares in the last quarter. Sanctuary Advisors LLC grew its position in G-III Apparel Group by 4.3% during the 4th quarter. Sanctuary Advisors LLC now owns 15,195 shares of the textile maker’s stock worth $500,000 after purchasing an additional 631 shares in the last quarter. New York State Common Retirement Fund grew its position in G-III Apparel Group by 46.6% during the 4th quarter. New York State Common Retirement Fund now owns 44,071 shares of the textile maker’s stock worth $1,438,000 after purchasing an additional 14,016 shares in the last quarter. Finally, Ieq Capital LLC purchased a new position in G-III Apparel Group during the 4th quarter worth approximately $331,000. 92.13% of the stock is currently owned by hedge funds and other institutional investors.

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.