G-III Apparel Group (NASDAQ:GIII) Shares Gap Down on Disappointing Earnings

G-III Apparel Group, LTD. (NASDAQ:GIII) shares gapped down prior to trading on Thursday following a weaker than expected earnings announcement. The stock had previously closed at $29.57, but opened at $26.16. G-III Apparel Group shares last traded at $25.5240, with a volume of 497,317 shares changing hands.

The textile maker reported $0.30 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.29). G-III Apparel Group had a net margin of 4.89% and a return on equity of 9.37%. The firm had revenue of $771.49 million during the quarter, compared to analysts’ expectations of $791.98 million. During the same quarter in the prior year, the company earned $1.27 EPS. The business’s revenue for the quarter was down 8.1% on a year-over-year basis. G-III Apparel Group has set its Q1 2027 guidance at -0.400–0.300 EPS and its FY 2027 guidance at 2.000-2.100 EPS.

Key Stories Impacting G-III Apparel Group

Here are the key news stories impacting G-III Apparel Group this week:

• Positive Sentiment: Company highlights operational progress and says it is accelerating a strategic transformation that management argues will improve margins and long‑term competitiveness despite retail headwinds. G-III Apparel Group Delivers Strong Q4 Results
• Neutral Sentiment: Company filed the formal press release and full results for Q4/FY‑2026 with detailed numbers and management commentary (useful for modeling and listening to the call). G-III Apparel Group Reports Q4 and FY2026 Results
• Neutral Sentiment: Analyst coverage: Telsey Advisory Group reiterated a Market Perform rating — indicates no immediate upgrade from this firm despite the report. Telsey Advisory Group Reiterates Market Perform
• Negative Sentiment: Q4 results missed expectations: GAAP EPS $0.30 vs. consensus ~$0.59 and revenue $771.5M vs. ~$792M; revenue fell ~8% year‑over‑year — the core miss drove initial selling pressure. G-III Apparel shares drop nearly 13% after earnings miss and weak outlook
• Negative Sentiment: Guidance disappointed: FY2027 EPS guidance cut to $2.00–$2.10 (consensus ~$2.99) and Q1 guidance of -$0.40 to -$0.30 (consensus ~+$0.02) — the forward reduction is the main catalyst for the larger selloff as it signals near‑term pressure. G-III Apparel Group Reports Q4 and FY2026 Results
• Negative Sentiment: Customer exposure: Management disclosed a material impact from the Saks Global bankruptcy in Q4, which reduced sales and contributed to the miss — this concentration risk increases near‑term revenue uncertainty. G-III Bitten by Saks Global Bankruptcy in the Fourth Quarter
• Negative Sentiment: Market reaction/coverage: Analysts and outlets flagged the weak earnings and guidance, and shares traded with heavy volume as investors recalibrated expectations. G-III Apparel stock tumbles nearly 13% on weak earnings and guidance

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on GIII. KeyCorp restated an “overweight” rating and issued a $35.00 target price (up from $33.00) on shares of G-III Apparel Group in a research note on Wednesday, December 10th. Weiss Ratings reiterated a “hold (c+)” rating on shares of G-III Apparel Group in a report on Friday, January 9th. Telsey Advisory Group reissued a “market perform” rating and issued a $34.00 price objective on shares of G-III Apparel Group in a research report on Monday. UBS Group reduced their price objective on G-III Apparel Group from $32.00 to $30.00 and set a “neutral” rating for the company in a research note on Tuesday, March 3rd. Finally, BTIG Research reaffirmed a “buy” rating on shares of G-III Apparel Group in a research report on Thursday. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $30.80.

Hedge Funds Weigh In On G-III Apparel Group

Several institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in G-III Apparel Group by 0.5% in the third quarter. Dimensional Fund Advisors LP now owns 2,936,957 shares of the textile maker’s stock worth $78,153,000 after buying an additional 15,500 shares during the last quarter. American Century Companies Inc. lifted its position in shares of G-III Apparel Group by 3.4% during the 3rd quarter. American Century Companies Inc. now owns 1,730,216 shares of the textile maker’s stock valued at $46,041,000 after buying an additional 57,440 shares during the last quarter. Norges Bank bought a new position in shares of G-III Apparel Group during the 4th quarter worth $36,200,000. LSV Asset Management increased its holdings in G-III Apparel Group by 8.1% in the 4th quarter. LSV Asset Management now owns 1,237,469 shares of the textile maker’s stock worth $35,837,000 after acquiring an additional 93,236 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in G-III Apparel Group by 30.6% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,054,266 shares of the textile maker’s stock worth $28,054,000 after acquiring an additional 247,245 shares during the last quarter. Hedge funds and other institutional investors own 92.13% of the company’s stock.

G-III Apparel Group Stock Performance

The firm has a market capitalization of $1.10 billion, a P/E ratio of 7.86 and a beta of 1.29. The stock has a 50 day moving average of $29.95 and a 200-day moving average of $28.75.

G-III Apparel Group Company Profile

G-III Apparel Group, Ltd. is a global fashion company engaged in the design, sourcing, marketing and distribution of women’s and men’s apparel, outerwear, footwear, handbags and fashion accessories. Founded in 1956 and headquartered in New York City, the company has grown from an importer of ladies’ apparel into a diversified apparel business with a portfolio of owned and licensed brands.

The company’s product offerings span a broad spectrum of price points and styles, including formal and casual outerwear, sportswear, performance wear and contemporary fashion.