Jupiter Asset Management Ltd. Takes $5.88 Million Position in G-III Apparel Group, LTD. $GIII

G-III Apparel (GIII) raised its FY27 outlook, expecting earnings of $4.10-$4.20 per share and adjusted earnings of $2.20-$2.30 per share, up from prior estimates. Q2 net income rose to $20.21 million, or $0.46 per share, with net sales declining 10% to $544.09 million. Shares fell 7.77% in pre-market trading.

G-III (GIII) reported Q2 CY2026 sales of $554.1M, down 9.6% YoY, missing expectations. Next quarter's revenue guidance of $870M was 3.2% below estimates. Non-GAAP EPS of $0.26 beat expectations by 11.4%. The company's 5-year revenue growth averaged 3.9% annually, underperforming the sector. Operating margin was 2%, stable YoY. EPS grew 7% YoY, but long-term EPS declined 4.2% annually. The stock dropped 9.2% post-earnings.

G III APPAREL GROUP LTD /DE/ (GIII) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 G-III APPAREL GROUP, LTD. G-III APPAREL GROUP, LTD. REPORTS SECOND QUARTER FISCAL 2027 RESULTS AND RAISES EARNINGS GUIDANCE · Second Quarter GAAP and Non-GAAP Net Income Per Diluted Share Exceed Guidance · Net Income Per Diluted Share of $0.46 Compared to $0.25 Last

BofA Securities raised GitLab's price target to $54 from $45, keeping a neutral rating. Morgan Stanley also increased its target to $57 from $30, maintaining an equal weight rating. GitLab's stock is currently trading at $45.09, down 3.12% on the day.

Bank of America downgraded Amrize to Underperform, cutting its price target to $40 from $50 due to slower earnings growth, market risks, and valuation concerns. The brokerage lowered its 2027-28 adjusted EBITDA and EPS estimates, citing stable U.S. cement prices, Canadian demand pressure from U.S. tariffs, and vulnerable roofing margins. BofA forecasts adjusted EBITDA growth of 3% and adjusted EPS growth of 6% annually over 2026-28, excluding large acquisitions. The bank also trimmed its buildin

J.P. Morgan downgraded NIO (NIO) to Neutral, cutting its price target to $4.50 from $7.00 due to weak demand in China's passenger-vehicle market and intensifying competition. The brokerage cited cost pressures and moderating growth, forecasting lower revenue and earnings. NIO's Q2 vehicle gross margin was 18.5%, but further pressure is expected. J.P. Morgan prefers BYD and Geely among Chinese automakers.