Guess?, Inc. (NYSE:GES) has earned a consensus recommendation of “Hold” from the six research firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $24.00.
A number of research analysts have recently commented on GES shares. ValuEngine downgraded Guess? from a “buy” rating to a “hold” rating in a report on Thursday, March 21st. Jefferies Financial Group set a $24.00 target price on Guess? and gave the company a “buy” rating in a research report on Thursday, March 21st. Telsey Advisory Group reissued a “market perform” rating and issued a $19.00 target price (down from $22.00) on shares of Guess? in a research report on Tuesday, April 23rd. Zacks Investment Research cut Guess? from a “hold” rating to a “sell” rating in a research report on Tuesday, January 29th. Finally, B. Riley set a $29.00 target price on Guess? and gave the company a “buy” rating in a research report on Friday, May 17th.
Several hedge funds and other institutional investors have recently made changes to their positions in GES. Norges Bank acquired a new stake in shares of Guess? in the 4th quarter valued at about $22,055,000. Kornitzer Capital Management Inc. KS acquired a new stake in Guess? during the 1st quarter worth approximately $7,133,000. Bessemer Group Inc. lifted its position in Guess? by 41.8% during the 4th quarter. Bessemer Group Inc. now owns 764,463 shares of the company’s stock worth $15,878,000 after acquiring an additional 225,201 shares during the period. BlackRock Inc. lifted its position in Guess? by 2.5% during the 4th quarter. BlackRock Inc. now owns 8,317,868 shares of the company’s stock worth $172,762,000 after acquiring an additional 201,200 shares during the period. Finally, Ellington Management Group LLC acquired a new stake in Guess? during the 1st quarter worth approximately $3,069,000. 77.03% of the stock is owned by hedge funds and other institutional investors.
GES opened at $17.68 on Monday. Guess? has a one year low of $16.41 and a one year high of $26.95. The stock has a market capitalization of $1.27 billion, a PE ratio of 18.04, a price-to-earnings-growth ratio of 0.87 and a beta of 0.23. The company has a current ratio of 2.00, a quick ratio of 1.14 and a debt-to-equity ratio of 0.04.
Guess? (NYSE:GES) last released its quarterly earnings data on Wednesday, March 20th. The company reported $0.70 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.05). Guess? had a net margin of 0.54% and a return on equity of 9.39%. The business had revenue of $837.00 million during the quarter, compared to analysts’ expectations of $831.15 million. During the same quarter in the previous year, the company posted $0.62 EPS. The company’s revenue was up 5.7% compared to the same quarter last year. On average, research analysts expect that Guess? will post 1.18 earnings per share for the current year.
Guess?, Inc designs, markets, distributes, and licenses lifestyle collections of apparel and accessories for men, women, and children. It operates through five segments: Americas Retail, Americas Wholesale, Europe, Asia, and Licensing. The company's clothing collection includes jeans, pants, skirts, dresses, shorts, blouses, shirts, jackets, knitwear, and intimate apparel.
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