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

G-III Apparel Group (NASDAQ:GIIIGet Free Report) updated its FY25 earnings guidance on Thursday. The company provided earnings per share guidance of $3.58-3.68 for the period, compared to the consensus earnings per share estimate of $3.55. The company issued revenue guidance of ~$3.20 billion, compared to the consensus revenue estimate of $3.18 billion. G-III Apparel Group also updated its FY 2025 guidance to 3.580-3.680 EPS.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on GIII. StockNews.com raised G-III Apparel Group from a hold rating to a buy rating in a report on Friday. TheStreet upgraded G-III Apparel Group from a c+ rating to a b rating in a research note on Thursday, March 14th. Telsey Advisory Group restated a market perform rating and set a $29.00 price target on shares of G-III Apparel Group in a research note on Monday, June 3rd. Wells Fargo & Company cut their price target on G-III Apparel Group from $24.00 to $23.00 and set an underweight rating for the company in a research note on Friday, March 15th. Finally, Barclays reiterated an underweight rating and issued a $23.00 price objective (down previously from $30.00) on shares of G-III Apparel Group in a research report on Monday, March 4th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of Hold and an average target price of $27.60.

Read Our Latest Stock Analysis on G-III Apparel Group

G-III Apparel Group Stock Down 0.8 %

Shares of NASDAQ:GIII opened at $26.85 on Friday. The stock’s 50-day moving average price is $28.33 and its two-hundred day moving average price is $30.02. The company has a current ratio of 3.36, a quick ratio of 2.31 and a debt-to-equity ratio of 0.26. G-III Apparel Group has a 12-month low of $18.47 and a 12-month high of $35.68. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of 7.03 and a beta of 2.26.

G-III Apparel Group (NASDAQ:GIIIGet Free Report) last released its quarterly earnings data on Thursday, June 6th. The textile maker reported $0.12 earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.17. G-III Apparel Group had a return on equity of 12.84% and a net margin of 5.76%. The business had revenue of $609.75 million for the quarter, compared to analyst estimates of $615.10 million. On average, research analysts forecast that G-III Apparel Group will post 3.63 EPS for the current year.

About G-III Apparel Group

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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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Earnings History and Estimates for G-III Apparel Group (NASDAQ:GIII)

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