Guess? Hits New 52-Week Low at $24.90 (GES)
Guess? (NYSE:GES) hit a new 52-week low on Wednesday , Stock Ratings Network.com reports. The stock traded as low as $24.90 and last traded at $25.03, with a volume of 720,235 shares. The stock had previously closed at $26.00.
Several analysts have recently commented on the stock. Analysts at Piper Jaffray upgraded shares of Guess? from a “neutral” rating to an “overweight” rating in a research note on Tuesday, July 8th. They now have a $32.00 price target on the stock, up previously from $25.00. Analysts at TheStreet downgraded shares of Guess? from a “buy” rating to a “hold” rating in a research note on Monday, June 2nd. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $31.50.
The stock’s 50-day moving average is $26.86 and its 200-day moving average is $27.60. The company has a market cap of $2.135 billion and a P/E ratio of 15.75.
Guess? (NYSE:GES) last released its earnings data on Thursday, May 29th. The company reported ($0.03) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.06) by $0.03. The company had revenue of $522.50 million for the quarter, compared to the consensus estimate of $528.44 million. During the same quarter last year, the company posted $0.14 earnings per share. Guess?’s revenue was down 4.8% compared to the same quarter last year. On average, analysts predict that Guess? will post $1.49 earnings per share 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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