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

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

G-III Apparel Group Trading Up 0.5 %

NASDAQ GIII opened at $31.58 on Tuesday. The firm’s 50 day moving average price is $30.64 and its two-hundred day moving average price is $28.64. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.80 and a current ratio of 2.92. G-III Apparel Group has a twelve month low of $20.66 and a twelve month high of $35.68. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of 7.90 and a beta of 2.14.

G-III Apparel Group (NASDAQ:GIII) last issued its earnings results on Tuesday, December 10th. The textile maker reported $2.59 earnings per share for the quarter, beating analysts’ consensus estimates of $2.26 by $0.33. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.10 billion. G-III Apparel Group had a return on equity of 12.81% and a net margin of 6.04%. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.78 EPS. Equities analysts anticipate that G-III Apparel Group will post 4.01 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. KeyCorp boosted their price target on shares of G-III Apparel Group from $32.00 to $34.00 and gave the company an “overweight” rating in a report on Friday, September 6th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $32.00 price target on shares of G-III Apparel Group in a research note on Wednesday, December 4th. 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 target for the company. StockNews.com raised shares of G-III Apparel Group from a “hold” rating to a “buy” rating in a research report on Monday, December 2nd. Finally, Barclays raised their price target 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. Two 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’s stock. According to data from MarketBeat.com, G-III Apparel Group has a consensus rating of “Hold” and an average target price of $30.50.

Insider Activity

In other news, CEO Morris Goldfarb sold 67,014 shares of G-III Apparel Group 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 transaction, the chief executive officer now directly owns 3,923,071 shares in the company, valued at approximately $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 accessible through this hyperlink. Insiders own 12.40% of the company’s stock.

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.