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

G-III Apparel Group (NASDAQ:GIII) updated its third quarter earnings guidance on Thursday. The company provided EPS guidance of $2.20-$2.30 for the period, compared to the consensus EPS estimate of $2.61. The company issued revenue guidance of $1.10 billion, compared to the consensus revenue estimate of $1.13 billion. G-III Apparel Group also updated its FY 2025 guidance to 3.950-4.050 EPS.

Wall Street Analyst Weigh In

Several research analysts have recently commented on GIII shares. StockNews.com downgraded G-III Apparel Group from a buy rating to a hold rating in a report on Wednesday, July 24th. Telsey Advisory Group reiterated a market perform rating and set a $29.00 target price on shares of G-III Apparel Group in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus price target of $27.60.

G-III Apparel Group Price Performance

GIII opened at $30.55 on Friday. The company has a quick ratio of 2.62, a current ratio of 3.79 and a debt-to-equity ratio of 0.26. G-III Apparel Group has a 12 month low of $19.00 and a 12 month high of $35.68. The company has a fifty day simple moving average of $26.08 and a 200 day simple moving average of $27.76. The stock has a market cap of $1.37 billion, a P/E ratio of 8.00 and a beta of 2.24.

G-III Apparel Group (NASDAQ:GIII) last released its quarterly earnings data on Thursday, September 5th. The textile maker reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.25. G-III Apparel Group had a net margin of 5.76% and a return on equity of 12.75%. The business had revenue of $644.80 million during the quarter, compared to analysts’ expectations of $649.54 million. During the same quarter in the prior year, the company earned $0.40 EPS. The firm’s quarterly revenue was down 2.3% on a year-over-year basis. On average, research analysts expect that G-III Apparel Group will post 3.63 EPS for the current year.

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.