Guess? Lowered to Hold at TheStreet (GES)
Guess? (NYSE:GES) was downgraded by TheStreet from a “buy” rating to a “hold” rating in a research note issued on Friday, Analyst Ratings News reports.
The analysts wrote, “Guess (GES) has been downgraded by TheStreet Ratings from buy to hold. The company’s strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company’s earnings per share, deteriorating net income and weak operating cash flow.”
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Guess? in a research note to investors on Friday, December 6th. They now have a $34.00 price target on the stock. Separately, analysts at Telsey Advisory Group raised their price target on shares of Guess? from $30.00 to $35.00 in a research note to investors on Thursday, December 5th. They now have a “not rated” rating on the stock. Finally, analysts at Mizuho raised their price target on shares of Guess? from $30.00 to $32.00 in a research note to investors on Thursday, December 5th. They now have a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company’s stock. Guess? presently has a consensus rating of “Hold” and a consensus target price of $32.54.
Guess? (NYSE:GES) traded up 1.65% during mid-day trading on Friday, hitting $29.855. 753,921 shares of the company’s stock traded hands. Guess? has a 1-year low of $24.31 and a 1-year high of $34.94. The stock’s 50-day moving average is $31.9 and its 200-day moving average is $31.42. The company has a market cap of $2.534 billion and a price-to-earnings ratio of 16.35.
Guess? (NYSE:GES) last announced its earnings results on Wednesday, December 4th. The company reported $0.40 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.38 by $0.02. The company had revenue of $613.50 million for the quarter, compared to the consensus estimate of $613.56 million. During the same quarter last year, the company posted $0.43 earnings per share. Guess?’s revenue was down 2.4% compared to the same quarter last year. Analysts expect that Guess? will post $1.87 EPS for the current fiscal year.
Guess?, Inc (NYSE:GES) designs, markets, distributes and licenses apparel and accessories for men, women and children.
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