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

G-III Apparel Group (NASDAQ:GIII) issued an update on its FY25 earnings guidance on Tuesday morning. 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

GIII has been the topic of a number of research analyst reports. Telsey Advisory Group restated a “market perform” rating and set a $32.00 price objective on shares of G-III Apparel Group in a research report on Tuesday. StockNews.com upgraded G-III Apparel Group from a “hold” rating to a “buy” rating in a research note on Monday, December 2nd. Guggenheim lifted their price objective on G-III Apparel Group from $36.00 to $38.00 and gave the stock a “buy” rating in a report on Wednesday. KeyCorp increased their target price on G-III Apparel Group from $34.00 to $40.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Barclays boosted their price target on G-III Apparel Group from $27.00 to $29.00 and gave the company an “underweight” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $32.17.

G-III Apparel Group Stock Up 1.0 %

Shares of GIII opened at $35.21 on Thursday. The business’s 50 day moving average is $30.85 and its 200 day moving average is $28.73. The company has a current ratio of 2.92, a quick ratio of 1.80 and a debt-to-equity ratio of 0.27. G-III Apparel Group has a 12-month low of $20.66 and a 12-month high of $35.68. The company has a market capitalization of $1.55 billion, a PE ratio of 9.24 and a beta of 2.14.

G-III Apparel Group (NASDAQ:GIII) last announced its quarterly earnings data 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. G-III Apparel Group had a net margin of 6.04% and a return on equity of 12.81%. The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same period last year, the firm posted $2.78 EPS. The company’s revenue was up 1.9% on a year-over-year basis. Research analysts expect that G-III Apparel Group will post 4.01 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Morris Goldfarb sold 67,014 shares of the 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 completion of the transaction, the chief executive officer now directly owns 3,923,071 shares in the company, valued at approximately $118,869,051.30. This represents a 1.68 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 12.40% of the company’s stock.

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.