Guess? Lifted to Strong-Buy at Vetr Inc. (GES)

Vetr upgraded shares of Guess? (NYSE:GES) from a buy rating to a strong-buy rating in a research report report published on Monday, AnalystRatings.NET reports. The brokerage currently has $24.00 price objective on the stock.

Shares of Guess? (NYSE:GES) traded up 1.54% on Monday, reaching $21.06. 422,475 shares of the company traded hands. Guess? has a one year low of $16.61 and a one year high of $23.45. The stock has a market capitalization of $1.81 billion and a P/E ratio of 18.65. The stock’s 50 day moving average price is $22.03 and its 200-day moving average price is $20.55.

Guess? (NYSE:GES) last announced its quarterly earnings results on Wednesday, August 26th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.06. During the same quarter in the previous year, the firm earned $0.26 EPS. The firm earned $546.30 million during the quarter, compared to the consensus estimate of $537.72 million. The business’s revenue for the quarter was down 10.2% on a year-over-year basis. Equities analysts forecast that Guess? will post $0.96 earnings per share for the current fiscal year.

In related news, Director Anthony Chidoni sold 20,000 shares of Guess? stock in a transaction dated Tuesday, October 13th. The stock was sold at an average price of $23.18, for a total transaction of $463,600.00. Following the completion of the sale, the director now owns 151,772 shares of the company’s stock, valued at $3,518,074.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Several other equities research analysts have also issued reports on the stock. B. Riley restated a neutral rating and issued a $21.00 price target on shares of Guess? in a research note on Tuesday, August 25th. Telsey Advisory Group upgraded Guess? from an underperform rating to a market perform rating and increased their target price for the company from $18.00 to $23.00 in a research report on Wednesday, July 15th. Evercore ISI upgraded Guess? from a sell rating to a hold rating and set a $22.00 price target for the company in a research report on Wednesday, July 15th. Piper Jaffray upgraded Guess? from an underweight rating to a neutral rating and increased their target price for the stock from $16.50 to $20.00 in a research note on Monday, July 6th. Finally, Wunderlich raised their price target on Guess? from $20.00 to $24.00 and gave the company a buy rating in a research note on Wednesday, July 15th. Ten equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $22.67.

Guess?, Inc. (NYSE:GES) designs, markets, distributes and licenses a collection of garments and accessories for men, women and kids. GUESS? Operates through five segments: North American Retail, Europe, Asia, North American Wholesale and Licensing. The North American Retail segment includes the Business ‘s retail and e-commerce operations in North America, and its retail operations in Central and South America. The Europe section includes its wholesale, retail and e commerce operations in Europe and the Middle East. The Asia section contains its wholesale, retail and e-commerce operations in Asia. The North American Wholesale segment comprises its wholesale operations in North America, and Central and South America. The Licensing section comprises the Business’s licensing operations all over the world. The Company’s clothes is marketed under various brands, including GUESS, GUESS?, GUESS U.S.A., GUESS Jeans, MARCIANO, GUESS Kids, Baby GUESS, YES, G by GUESS, GUESS by MARCIANO and Gc.document.write(‘‘);

To view Vetr’s full report, visit Vetr’s official website.