G-III Apparel Group (NASDAQ:GIII) Updates FY 2025 Earnings Guidance

G-III Apparel Group (NASDAQ:GIII - Get Free Report) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided EPS guidance of 4.100-4.200 for the period, compared to the consensus EPS estimate of 4.020. The company issued revenue guidance of $3.2 billion-$3.2 billion, compared to the consensus revenue estimate of $3.2 billion. G-III Apparel Group also updated its FY25 guidance to $4.10-$4.20 EPS.

G-III Apparel Group Price Performance

Shares of G-III Apparel Group stock traded up $3.29 during trading on Tuesday, hitting $34.87. The stock had a trading volume of 1,025,372 shares, compared to its average volume of 560,887. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.92 and a quick ratio of 1.80. The firm has a market cap of $1.53 billion, a P/E ratio of 8.60 and a beta of 2.14. The business has a fifty day moving average of $30.64 and a two-hundred day moving average of $28.64. G-III Apparel Group has a fifty-two week low of $20.66 and a fifty-two week high of $35.68.

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

Analysts Set New Price Targets

Several brokerages recently issued reports on GIII. Telsey Advisory Group reissued a "market perform" rating and issued a $32.00 price objective on shares of G-III Apparel Group in a research note on Tuesday. StockNews.com raised G-III Apparel Group from a "hold" rating to a "buy" rating in a research note on Monday, December 2nd. Guggenheim began coverage on G-III Apparel Group in a research note on Wednesday, October 9th. They issued a "buy" rating and a $36.00 price objective for the company. Barclays increased their price objective on G-III Apparel Group from $23.00 to $27.00 and gave the stock an "underweight" rating in a research note on Friday, September 6th. Finally, KeyCorp increased 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, September 6th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $30.50.

Insider Activity at G-III Apparel Group

In other news, CEO Morris Goldfarb sold 67,014 shares of G-III Apparel Group stock in a transaction that occurred on 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 sale, the chief executive officer now owns 3,923,071 shares of the company's stock, valued at approximately $118,869,051.30. This trade represents a 1.68 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.