G-III Apparel Group, Ltd. (GIII)
NASDAQConsumer DiscretionaryApparel - ManufacturersSnapshot 2026-09-09
$27.54-0.29%
Close 2026-09-09 · 1-day change
NASDAQConsumer DiscretionaryApparel - ManufacturersSnapshot 2026-09-09
Intact: The reason to own it still holds.
G-III Apparel is growing through the Marc Jacobs acquisition. The company raised its fiscal 2027 earnings guidance to about $3.9 per share. Revenue is expected near $2.7 billion in fiscal 2027. The stock is cheap with a price-to-earnings ratio of 15, below peers.
G-III missed recent earnings and cut guidance, showing risk. Revenue fell 8% year-over-year last quarter. The apparel sector faces headwinds and uncertainty. Profit margins and growth could weaken further.
The market prices in about 5% revenue decline and a 41% discount to our fair value near $57. Our fair value is well above the Street median of $40. We see upside if growth and margins improve as guided.
Breaks if: Dividend is cut or suspended
Maintain quarterly cash dividend payments to shareholders at $0.10 per share.
Stated in 3 of last 3 quarters. The Board consistently declared a quarterly cash dividend of $0.10 per share in 2026-Q1, Q2, and Q3. Dividend payments totaled $4.3 million in 2026-Q3 and $4.2 million in 2026-Q1, showing consistent capital return. The trajectory is delivering steady dividend payments.
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
This investment represents a turnaround opportunity within the Consumer Discretionary sector. The current thesis state reflects a medium confidence level, with management focusing on growth through acquisitions and earnings guidance improvements.
The market appears to be pricing GIII as cheap compared to its peers, with a notable expectations gap. However, the fragility in earnings quality suggests that the stock's current valuation may not fully account for potential execution risks.
Management has raised earnings guidance for fiscal 2027, indicating a positive trajectory. However, recent financial performance has been below industry peers, which could pose risks in the near term.
The key factors moving forward include the potential impact of inflation on consumer spending and guidance changes from GIII. Additionally, the performance of sector leaders could influence GIII's momentum.
The most important moves since the prior daily snapshot.
Confidence changed from 'medium' to 'high'.
Yes, our read has weakened. The recent sharp drop in GIII's stock price suggests a potential repricing of the thesis. This follows a shift toward owned brands with the Marc Jacobs acquisition, which aims to drive growth. However, the latest earnings beat and raised earnings guidance for fiscal 2027 provide some support for the thesis.
as of 2026-09-09
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
“Board declared a quarterly cash dividend of $0.10 per share payable on September 29, 2026.”
“Board declared a quarterly cash dividend of $0.10 per share payable on July 8, 2026.”
“Board declared a quarterly cash dividend of $0.10 per share payable on March 30, 2026.”
Breaks if: EPS falls below $3.5 per share in FY27
Increase fiscal 2027 earnings guidance based on strong quarterly results and improved gross margins.
Stated in 2 of last 2 quarters. Management raised fiscal 2027 net income guidance to $181-$185 million and diluted EPS to $4.10-$4.20, up from prior guidance. This follows strong quarterly results with net income rising from $66.5 million in 2026-Q2 to $20.2 million in 2026-Q3 (seasonal). The trajectory matches management's stated guidance increases.
“Raises GAAP and Non-GAAP Net Income Guidance for Fiscal 2027, Excluding Marc Jacobs.”
“Based on our strong first quarter results, we are raising our earnings guidance for fiscal 2027.”
Breaks if: Marc Jacobs acquisition fails to contribute to growth or margins
Complete and integrate the Marc Jacobs acquisition to strengthen portfolio and accelerate long-term growth.
Stated as a priority in 2 of last 2 quarters. Management completed the Marc Jacobs acquisition by 2026-Q3 and targets $1 billion in long-term annual revenue from it. The acquisition is described as a meaningful step forward and strategic transformation, indicating delivering progress.
“Our strategic transformation has taken a meaningful step forward with the addition of Marc Jacobs.”
“Our recently announced acquisition of the iconic Marc Jacobs brand... will significantly accelerate our transformation.”
Breaks if: Revenue falls below $2.5 billion in FY27
Complete and integrate the Marc Jacobs acquisition to strengthen portfolio and accelerate long-term growth.
Stated as a priority in 2 of last 2 quarters. Management completed the Marc Jacobs acquisition by 2026-Q3 and targets $1 billion in long-term annual revenue from it. The acquisition is described as a meaningful step forward and strategic transformation, indicating delivering progress.
“Our strategic transformation has taken a meaningful step forward with the addition of Marc Jacobs.”
“Our recently announced acquisition of the iconic Marc Jacobs brand... will significantly accelerate our transformation.”
Over the next 1 to 3 years, GIII's success will depend on effective execution of its growth strategies and external economic conditions. Not investment advice.