G-III Apparel Group (NASDAQ:GIII) Releases Earnings Results

G-III Apparel Group (NASDAQ:GIII) announced its quarterly earnings data on Tuesday. The textile maker reported $2.59 EPS for the quarter, beating the consensus estimate of $2.26 by $0.33, Zacks reports. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.10 billion. G-III Apparel Group had a net margin of 6.04% and a return on equity of 12.81%. The company’s revenue was up 1.9% on a year-over-year basis. During the same period last year, the firm earned $2.78 EPS. G-III Apparel Group updated its FY 2025 guidance to 4.100-4.200 EPS and its FY25 guidance to $4.10-$4.20 EPS.

G-III Apparel Group Price Performance

G-III Apparel Group stock opened at $31.58 on Tuesday. The firm has a market capitalization of $1.39 billion, a PE ratio of 7.90 and a beta of 2.14. G-III Apparel Group has a 12-month low of $20.66 and a 12-month high of $35.68. The firm has a 50-day moving average price of $30.64 and a 200-day moving average price of $28.64. The company has a current ratio of 2.92, a quick ratio of 1.80 and a debt-to-equity ratio of 0.27.

Wall Street Analysts Forecast Growth

GIII has been the subject of a number of research analyst reports. KeyCorp increased their price objective on shares of G-III Apparel Group from $32.00 to $34.00 and gave the company an “overweight” rating in a report on Friday, September 6th. Barclays raised their target price on shares of G-III Apparel Group from $23.00 to $27.00 and gave the company an “underweight” rating in a research note on Friday, September 6th. Guggenheim started coverage on G-III Apparel Group in a research note on Wednesday, October 9th. They set a “buy” rating and a $36.00 price target for the company. StockNews.com raised G-III Apparel Group from a “hold” rating to a “buy” rating in a research note on Monday, December 2nd. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $32.00 target price on shares of G-III Apparel Group in a research report on Wednesday, December 4th. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $30.50.

Insider Buying and Selling

In other news, CEO Morris Goldfarb sold 100,000 shares of the business’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $31.59, for a total transaction of $3,159,000.00. Following the completion of the sale, the chief executive officer now directly owns 3,990,085 shares of the company’s stock, valued at approximately $126,046,785.15. The trade was a 2.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 12.40% of the stock is currently owned by corporate 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.