G-III Apparel Group (NASDAQ:GIII) Updates FY25 Earnings Guidance

G-III Apparel Group (NASDAQ:GIII) updated its FY25 earnings guidance on Thursday. The company provided earnings per share guidance of $3.95-$4.05 for the period, compared to the consensus earnings per share estimate of $3.66. The company issued revenue guidance of $3.20 billion, compared to the consensus revenue estimate of $3.20 billion. G-III Apparel Group also updated its FY 2025 guidance to 3.950-4.050 EPS.

G-III Apparel Group Stock Up 5.3 %

G-III Apparel Group stock opened at $32.18 on Friday. G-III Apparel Group has a twelve month low of $20.66 and a twelve month high of $35.68. The stock has a 50 day moving average of $26.18 and a two-hundred day moving average of $27.77. The company has a current ratio of 3.79, a quick ratio of 2.62 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 8.42 and a beta of 2.19.

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

Wall Street Analyst Weigh In

Several analysts have recently commented on GIII shares. StockNews.com raised G-III Apparel Group from a hold rating to a buy rating in a report on Friday. Telsey Advisory Group reissued a market perform rating and issued a $29.00 price target on shares of G-III Apparel Group in a report on Thursday. Barclays raised their price target on G-III Apparel Group from $23.00 to $27.00 and gave the company an underweight rating in a report on Friday. Finally, KeyCorp raised their price target on G-III Apparel Group from $32.00 to $34.00 and gave the company an overweight rating in a report on Friday. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of Hold and a consensus price target of $28.80.

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.