Guess? (NYSE:GES) Lowered to “Hold” Rating by Small Cap Consu

Guess? (NYSE:GES) was downgraded by equities researchers at Small Cap Consu from a “strong-buy” rating to a “hold” rating in a report issued on Thursday,Zacks.com reports.

Several other research firms also recently weighed in on GES. UBS Group raised their price target on shares of Guess? from $13.00 to $16.75 and gave the stock a “neutral” rating in a research note on Thursday. Telsey Advisory Group reissued a “market perform” rating and issued a $16.75 price target on shares of Guess? in a research note on Thursday. Three research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Guess? presently has an average rating of “Hold” and a consensus price target of $16.75.

Guess? Stock Performance

NYSE:GES opened at $16.89 on Thursday. The company’s 50-day moving average price is $13.53 and its 200-day moving average price is $11.96. The company has a current ratio of 1.57, a quick ratio of 0.76 and a debt-to-equity ratio of 1.08. The company has a market cap of $878.31 million, a P/E ratio of 105.54 and a beta of 1.24. Guess? has a twelve month low of $8.48 and a twelve month high of $21.26.

Guess? (NYSE:GES) last posted its quarterly earnings results on Wednesday, August 27th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.10. The firm had revenue of $772.94 million for the quarter, compared to the consensus estimate of $758.72 million. Guess? had a net margin of 1.01% and a return on equity of 16.56%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period last year, the firm posted $0.42 earnings per share. On average, sell-side analysts forecast that Guess? will post 1.92 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Guess?

Hedge funds and other institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC increased its position in Guess? by 713.0% during the first quarter. GAMMA Investing LLC now owns 2,317 shares of the company’s stock worth $26,000 after purchasing an additional 2,032 shares during the last quarter. Parallel Advisors LLC increased its position in shares of Guess? by 9,137.0% during the first quarter. Parallel Advisors LLC now owns 2,494 shares of the company’s stock valued at $28,000 after acquiring an additional 2,467 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its position in shares of Guess? by 507.5% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 3,900 shares of the company’s stock valued at $43,000 after acquiring an additional 3,258 shares during the last quarter. US Bancorp DE increased its position in shares of Guess? by 4,168.7% during the first quarter. US Bancorp DE now owns 4,226 shares of the company’s stock valued at $47,000 after acquiring an additional 4,127 shares during the last quarter. Finally, CWM LLC increased its position in shares of Guess? by 3,085.0% during the first quarter. CWM LLC now owns 4,236 shares of the company’s stock valued at $47,000 after acquiring an additional 4,103 shares during the last quarter. 61.74% of the stock is currently owned by institutional investors and hedge funds.

Guess? Company Profile

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, activewear, knitwear, and intimate apparel.