Piper Jaffray Downgrades Guess? to Neutral (GES)
Guess? (NYSE:GES) was downgraded by equities researchers at Piper Jaffray from an “overweight” rating to a “neutral” rating in a research report issued on Tuesday. They currently have a $25.00 target price on the stock, down from their previous target price of $29.00. Piper Jaffray’s price objective points to a potential downside of 4.73% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Wunderlich initiated coverage on shares of Guess? in a research note on Thursday, August 14th. They set a “buy” rating and a $31.00 price target on the stock. Analysts at TheStreet downgraded shares of Guess? from a “buy” rating to a “hold” rating in a research note on Monday, June 2nd. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Guess? currently has a consensus rating of “Hold” and an average price target of $30.82.
Guess? (NYSE:GES) opened at 26.24 on Tuesday. Guess? has a 52 week low of $24.90 and a 52 week high of $34.94. The stock has a 50-day moving average of $26.67 and a 200-day moving average of $27.5. The company has a market cap of $2.237 billion and a P/E ratio of 15.49.
Guess? (NYSE:GES) last announced its earnings results on Thursday, May 29th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.14 earnings per share. The company’s revenue for the quarter was down 4.8% on a year-over-year basis. On average, analysts predict that Guess? will post $1.48 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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