Guess? (NYSE:GES)‘s stock had its “neutral” rating restated by Zacks in a report released on Wednesday, StockRatingsNetwork.com reports. They currently have a $32.00 price target on the stock. Zacks‘ price objective indicates a potential upside of 5.68% from the company’s current price.
Zacks‘ analyst wrote, “Guess Inc.’s second-quarter fiscal 2014 earnings of $0.52 beat the year-ago level by 6.1%..Earnings beat the Zacks Consensus Estimate and the company’s guidance range during the period. Profits were on the upswing mainly because of tight expense management and cost control. Revenue increased 1% from prior year level due to sales gain in North America and Europe. Following modest second quarter results Guess increased its fiscal 2014 guidance. We are encouraged by the company’s long-term expansion plans in the emerging markets, which will enable it to keep its business stable amid the economic crisis faced by developed nations. Guess’ growing e-commerce business and increasing presence on social networking sites are also encouraging. However, the consistent low traffic in the North American stores remains a concern. Moreover, the ongoing currency headwinds are posing difficulty for the company as a substantial part of its revenues comes from international business”
Several other analysts have also recently commented on the stock. Analysts at Wedbush raised their price target on shares of Guess? (NYSE:GES) from $32.00 to $33.00 in a research note to investors on Thursday, August 29th. They now have a “neutral” rating on the stock. Separately, analysts at Susquehanna cut their price target on shares of Guess? (NYSE:GES) from $38.00 to $36.00 in a research note to investors on Thursday, August 29th. They now have a “neutral” rating on the stock. Finally, analysts at ISI Group raised their price target on shares of Guess? (NYSE:GES) from $30.00 to $33.00 in a research note to investors on Thursday, August 29th.
Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $31.43.
Shares of Guess? (NYSE:GES) traded up 2.11% during mid-day trading on Wednesday, hitting $30.92. The stock had a trading volume of 473,526 shares. Guess? has a one year low of $22.48 and a one year high of $34.36. The stock’s 50-day moving average is $31.57 and its 200-day moving average is $29.33. The company has a market cap of $2.600 billion and a P/E ratio of 16.27.
Guess? (NYSE:GES) last announced its earnings results on Wednesday, August 28th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.16. The company had revenue of $639.00 million for the quarter, compared to the consensus estimate of $625.15 million. During the same quarter in the previous year, the company posted $0.49 earnings per share. The company’s revenue for the quarter was up .6% on a year-over-year basis. On average, analysts predict that Guess? will post $1.88 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 27th. Stockholders of record on Wednesday, September 11th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.64%. The ex-dividend date is Monday, September 9th.
Guess?, Inc (NYSE:GES) designs, markets, distributes and licenses apparel and accessories for men, women and children.
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