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

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

G-III Apparel Group Stock Performance

GIII stock opened at $32.18 on Friday. The company has a 50 day moving average price of $26.18 and a 200 day moving average price of $27.74. G-III Apparel Group has a fifty-two week low of $20.66 and a fifty-two week 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 stock has a market capitalization of $1.45 billion, a PE ratio of 8.42 and a beta of 2.19.

G-III Apparel Group (NASDAQ:GIII) last released its earnings results 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. The company had revenue of $644.80 million during the quarter, compared to the consensus estimate of $649.54 million. G-III Apparel Group had a return on equity of 12.75% and a net margin of 5.76%. The firm’s quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.40 earnings per share. Analysts forecast that G-III Apparel Group will post 3.63 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently commented on GIII shares. Barclays lifted their price target on shares of G-III Apparel Group from $23.00 to $27.00 and gave the stock an underweight rating in a research report on Friday. StockNews.com upgraded shares of G-III Apparel Group from a hold rating to a buy rating in a research 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 research note on Thursday. Finally, KeyCorp lifted their price objective on G-III Apparel Group from $32.00 to $34.00 and gave the stock an overweight rating in a research note on Friday. Two equities research 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 presently has a consensus rating of Hold and an average 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.