Guess? Receives Consensus Rating of “Hold” from Analysts (NYSE:GES)
Shares of Guess? (NYSE:GES) have received an average recommendation of “Hold” from the twelve ratings firms that are presently covering the company, Analyst Ratings Network reports. Six analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $30.82.
Several analysts have recently commented on the stock. Analysts at Piper Jaffray downgraded shares of Guess? from an “overweight” rating to a “neutral” rating in a research note on Tuesday. They now have a $25.00 price target on the stock, down previously from $29.00. Separately, 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.
Guess? (NYSE:GES) opened at 25.75 on Wednesday. Guess? has a 1-year low of $24.90 and a 1-year high of $34.94. The stock has a 50-day moving average of $26.65 and a 200-day moving average of $27.52. The company has a market cap of $2.195 billion and a price-to-earnings ratio of 15.60.
Guess? (NYSE:GES) last released its earnings data 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. Analysts expect 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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