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

G-III Apparel Group (NASDAQ:GIII) issued an update on its FY25 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $4.10-$4.20 for the period, compared to the consensus earnings per share estimate of $4.01. The company issued revenue guidance of $3.15 billion, compared to the consensus revenue estimate of $3.20 billion. G-III Apparel Group also updated its FY 2025 guidance to 4.100-4.200 EPS.

G-III Apparel Group Stock Up 0.5 %

NASDAQ GIII opened at $31.58 on Tuesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.80 and a current ratio of 2.92. G-III Apparel Group has a 52 week low of $20.66 and a 52 week high of $35.68. The stock has a market capitalization of $1.39 billion, a P/E ratio of 7.90 and a beta of 2.14. The stock has a fifty day moving average of $30.64 and a 200-day moving average of $28.64.

G-III Apparel Group (NASDAQ:GIII) last released its earnings results on Tuesday, December 10th. The textile maker reported $2.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.26 by $0.33. The company 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% compared to the same quarter last year. During the same period in the prior year, the company posted $2.78 EPS. On average, equities research analysts forecast that G-III Apparel Group will post 4.01 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have commented on GIII. Barclays upped 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 report on Friday, September 6th. Telsey Advisory Group restated a “market perform” rating and set a $32.00 target price on shares of G-III Apparel Group in a report on Wednesday, December 4th. StockNews.com upgraded shares of G-III Apparel Group from a “hold” rating to a “buy” rating in a research report on Monday, December 2nd. Guggenheim began coverage on shares of G-III Apparel Group in a research note on Wednesday, October 9th. They issued a “buy” rating and a $36.00 target price for the company. Finally, KeyCorp lifted their price target on shares of G-III Apparel Group from $32.00 to $34.00 and gave the stock an “overweight” rating in a research report on Friday, September 6th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, G-III Apparel Group presently has an average rating of “Hold” and a consensus target price of $30.50.

Insider Transactions at G-III Apparel Group

In other news, CEO Morris Goldfarb sold 67,014 shares of the company’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $30.30, for a total transaction of $2,030,524.20. Following the completion of the transaction, the chief executive officer now directly owns 3,923,071 shares of the company’s stock, valued at $118,869,051.30. This represents a 1.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 12.40% of the stock is owned by insiders.

G-III Apparel Group Company Profile

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.