G-III Apparel Group (NASDAQ:GIII) Releases Quarterly Earnings Results, Beats Expectations By $0.33 EPS

G-III Apparel Group (NASDAQ:GIII) released its quarterly earnings results on Tuesday. The textile maker reported $2.59 EPS for the quarter, topping the consensus estimate of $2.26 by $0.33, Zacks reports. G-III Apparel Group had a return on equity of 12.81% and a net margin of 6.04%. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same period in the previous year, the company posted $2.78 EPS. G-III Apparel Group’s revenue for the quarter was up 1.9% on a year-over-year basis. G-III Apparel Group updated its FY 2025 guidance to 4.100-4.200 EPS and its FY25 guidance to $4.10-$4.20 EPS.

G-III Apparel Group Stock Up 10.4 %

NASDAQ:GIII opened at $34.87 on Wednesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.80 and a current ratio of 2.92. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 8.72 and a beta of 2.14. G-III Apparel Group has a one year low of $20.66 and a one year high of $35.68. The stock has a 50-day simple moving average of $30.73 and a 200 day simple moving average of $28.68.

Insider Activity at G-III Apparel Group

In other G-III Apparel Group news, CEO Morris Goldfarb sold 67,014 shares of G-III Apparel Group stock in a transaction on Thursday, September 26th. The shares were 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 $118,869,051.30. The trade was a 1.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 12.40% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

GIII has been the topic of a number of recent research reports. Guggenheim assumed coverage on shares of G-III Apparel Group in a research report on Wednesday, October 9th. They set a “buy” rating and a $36.00 target price on the stock. 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 report on Tuesday. KeyCorp lifted their target price on 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. Barclays boosted their price target 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, StockNews.com upgraded G-III Apparel Group from a “hold” rating to a “buy” rating in a research note on Monday, December 2nd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $30.50.

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.