G-III Apparel Group (NASDAQ:GIII) Reaches New 52-Week High After Strong Earnings

G-III Apparel Group, LTD. (NASDAQ:GIII) shares hit a new 52-week high on Saturday following a stronger than expected earnings report. The stock traded as high as $35.84 and last traded at $33.71, with a volume of 1732585 shares. The stock had previously closed at $32.04.

The textile maker reported ($0.21) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.30) by $0.09. The firm had revenue of $535.96 million for the quarter, compared to the consensus estimate of $529.07 million. G-III Apparel Group had a return on equity of 6.70% and a net margin of 2.28%.The company’s quarterly revenue was down 8.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.19 EPS. G-III Apparel Group has set its FY 2027 guidance at 2.150-2.250 EPS and its Q2 2027 guidance at 0.150-0.250 EPS.

G-III Apparel Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 8th. Shareholders of record on Monday, June 22nd will be paid a $0.10 dividend. The ex-dividend date is Monday, June 22nd. This represents a $0.40 annualized dividend and a dividend yield of 1.2%. G-III Apparel Group’s payout ratio is 26.67%.

Key Headlines Impacting G-III Apparel Group

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

• Positive Sentiment: G-III reported first-quarter fiscal 2027 revenue of $536 million and EPS of a $0.21 loss, both better than analyst expectations, showing the business performed better than feared. Article Title
• Positive Sentiment: The company raised full-year fiscal 2027 EPS guidance to $2.15-$2.25, above prior expectations, and said first-quarter performance was better than guidance. Article Title
• Positive Sentiment: BTIG Research raised its price target on G-III Apparel Group to $40 from $34 and reiterated a Buy rating, signaling improved analyst confidence in the stock. Article Title
• Neutral Sentiment: Management said fiscal 2027 sales are still expected to decline to about $2.71 billion, reflecting the loss of Calvin Klein and Tommy Hilfiger license revenue, so top-line pressure remains a headwind. Article Title
• Negative Sentiment: Although GAAP profit benefited from tariff recoveries, the company’s non-GAAP results were a loss and second-quarter EPS guidance of $0.15-$0.25 is only in line with expectations, suggesting limited near-term upside. Article Title

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on GIII. Zacks Research upgraded G-III Apparel Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 12th. Telsey Advisory Group restated a “market perform” rating and set a $29.00 price target (down from $34.00) on shares of G-III Apparel Group in a report on Monday, March 9th. BTIG Research increased their price target on G-III Apparel Group from $34.00 to $40.00 and gave the company a “buy” rating in a research report on Friday. Finally, UBS Group reduced their price target on G-III Apparel Group from $30.00 to $26.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 17th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $30.20.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Jupiter Asset Management Ltd. purchased a new position in shares of G-III Apparel Group in the 3rd quarter valued at about $5,878,000. LSV Asset Management increased its holdings in shares of G-III Apparel Group by 34.7% in the 3rd quarter. LSV Asset Management now owns 1,144,233 shares of the textile maker’s stock valued at $30,448,000 after acquiring an additional 294,732 shares during the last quarter. Phocas Financial Corp. increased its holdings in shares of G-III Apparel Group by 77.2% in the 4th quarter. Phocas Financial Corp. now owns 244,406 shares of the textile maker’s stock valued at $7,078,000 after acquiring an additional 106,497 shares during the last quarter. AlphaQuest LLC increased its holdings in shares of G-III Apparel Group by 251.4% in the 4th quarter. AlphaQuest LLC now owns 70,278 shares of the textile maker’s stock valued at $2,035,000 after acquiring an additional 50,279 shares during the last quarter. Finally, Allianz Asset Management GmbH increased its holdings in shares of G-III Apparel Group by 177.0% in the 3rd quarter. Allianz Asset Management GmbH now owns 167,762 shares of the textile maker’s stock valued at $4,464,000 after acquiring an additional 107,204 shares during the last quarter. Hedge funds and other institutional investors own 92.13% of the company’s stock.

G-III Apparel Group Trading Up 5.2%

The firm has a market cap of $1.42 billion, a PE ratio of 22.47 and a beta of 1.29. The business has a fifty day moving average price of $30.26 and a 200 day moving average price of $29.80.

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.