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

G-III Apparel Group (NASDAQ:GIII) updated its third quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $2.20-$2.30 for the period, compared to the consensus 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.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Telsey Advisory Group reaffirmed a market perform rating and issued a $29.00 target price on shares of G-III Apparel Group in a research note on Thursday. StockNews.com downgraded shares of G-III Apparel Group from a buy rating to a hold rating in a research note on Wednesday, July 24th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, G-III Apparel Group presently has an average rating of Hold and an average target price of $27.60.

G-III Apparel Group Trading Up 22.0 %

G-III Apparel Group stock opened at $30.55 on Friday. The firm has a 50-day moving average of $26.08 and a 200-day moving average of $27.76. G-III Apparel Group has a one year low of $19.00 and a one year high of $35.68. The company has a debt-to-equity ratio of 0.26, a current ratio of 3.79 and a quick ratio of 2.62. The company has a market cap of $1.37 billion, a price-to-earnings ratio of 8.00 and a beta of 2.24.

G-III Apparel Group (NASDAQ:GIII) last issued its earnings results on Thursday, September 5th. The textile maker reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $649.54 million. During the same period last year, the business posted $0.40 EPS. G-III Apparel Group’s revenue was down 2.3% on a year-over-year basis. On average, equities analysts expect that G-III Apparel Group will post 3.63 earnings per share for the current fiscal year.

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.