G-III Apparel Group (NASDAQ:GIII) Updates Q1 Earnings Guidance

G-III Apparel Group (NASDAQ:GIII - Get Free Report) updated its first quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.05-$0.15 for the period, compared to the consensus estimate of $0.09. The company issued revenue guidance of $580.0 million, compared to the consensus revenue estimate of $619.62 million. G-III Apparel Group also updated its FY 2026 guidance to 4.150-4.250 EPS.

G-III Apparel Group Trading Up 4.1 %

Shares of G-III Apparel Group stock traded up $1.05 during trading hours on Thursday, hitting $26.39. The company's stock had a trading volume of 948,434 shares, compared to its average volume of 465,901. The firm has a fifty day moving average of $29.68 and a 200-day moving average of $30.48. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 6.91 and a beta of 2.09. G-III Apparel Group has a twelve month low of $20.66 and a twelve month high of $36.18. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.75 and a current ratio of 2.63.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) last issued its quarterly earnings data on Thursday, March 13th. The textile maker reported $1.27 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.30. The business had revenue of $839.50 million during the quarter, compared to the consensus estimate of $808.59 million. G-III Apparel Group had a net margin of 5.59% and a return on equity of 11.66%. The company's revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.76 EPS. Research analysts forecast that G-III Apparel Group will post 4.16 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently commented on GIII. Barclays upped their price target on G-III Apparel Group from $27.00 to $29.00 and gave the stock an "underweight" rating in a research note on Wednesday, December 11th. Guggenheim raised their price target on G-III Apparel Group from $36.00 to $38.00 and gave the company a "buy" rating in a report on Wednesday, December 11th. KeyCorp upped their target price on shares of G-III Apparel Group from $34.00 to $40.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 11th. UBS Group dropped their price objective on shares of G-III Apparel Group from $37.00 to $32.00 and set a "neutral" rating for the company in a research note on Tuesday, March 4th. Finally, Telsey Advisory Group restated a "market perform" rating and issued a $38.00 price target on shares of G-III Apparel Group in a report on Wednesday, December 18th. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $33.33.

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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.

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