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

G-III Apparel Group (NASDAQ:GIII - Get Free Report) updated its FY25 earnings guidance on Tuesday. The company provided EPS guidance of $4.10-$4.20 for the period, compared to the consensus EPS 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.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Barclays boosted their price objective on shares of G-III Apparel Group from $23.00 to $27.00 and gave the company an "underweight" rating in a report on Friday, September 6th. StockNews.com raised G-III Apparel Group from a "hold" rating to a "buy" rating in a report on Monday, December 2nd. Guggenheim assumed coverage on G-III Apparel Group in a report on Wednesday, October 9th. They set a "buy" rating and a $36.00 target price for the company. KeyCorp upped their target price on G-III Apparel Group from $32.00 to $34.00 and gave the company an "overweight" rating in a research report on Friday, September 6th. Finally, Telsey Advisory Group reissued a "market perform" rating and set a $32.00 price target on shares of G-III Apparel Group in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $30.50.

G-III Apparel Group Stock Performance

Shares of GIII traded up $3.29 during mid-day trading on Tuesday, reaching $34.87. The company had a trading volume of 1,026,853 shares, compared to its average volume of 560,893. The stock has a 50 day moving average of $30.64 and a two-hundred day moving average of $28.64. The company has a quick ratio of 1.80, a current ratio of 2.92 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $1.53 billion, a P/E ratio of 8.60 and a beta of 2.14. G-III Apparel Group has a 52-week low of $20.66 and a 52-week high of $35.68.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) last released its quarterly earnings data on Tuesday, December 10th. The textile maker reported $2.59 EPS for the quarter, topping the consensus estimate of $2.26 by $0.33. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.10 billion. G-III Apparel Group had a return on equity of 12.81% and a net margin of 6.04%. The business's quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.78 EPS. On average, analysts expect that G-III Apparel Group will post 4.01 earnings per share for the current year.

Insider Activity at G-III Apparel Group

In related 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 value of $2,030,524.20. Following the completion of the transaction, the chief executive officer now owns 3,923,071 shares of the company's stock, valued at approximately $118,869,051.30. This represents a 1.68 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 12.40% of the stock is owned by company 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.