Guess? Given New $22.00 Price Target at Mizuho (GES)
Mizuho lowered their price target on shares of Guess? (NYSE:GES) from $26.00 to $22.00 in a research note issued on Thursday. The firm currently has a “neutral” rating on the stock. Mizuho’s target price suggests a potential downside of 14.20% from the stock’s previous close.
GES has been the subject of a number of other recent research reports. Analysts at Standpoint Research upgraded shares of Guess? from a “hold” rating to a “buy” rating in a research note on Friday, August 22nd. They now have a $32.00 price target on the stock, down previously from $480.00. Separately, analysts at Piper Jaffray downgraded shares of Guess? from an “overweight” rating to a “neutral” rating in a research note on Tuesday, August 19th. They now have a $25.00 price target on the stock, down previously from $29.00. Finally, 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. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $29.08.
Shares of Guess? (NYSE:GES) traded down 8.76% on Thursday, hitting $23.395. The stock had a trading volume of 2,011,542 shares. Guess? has a one year low of $24.60 and a one year high of $34.94. The stock has a 50-day moving average of $26.41 and a 200-day moving average of $27.41. The company has a market cap of $1.994 billion and a P/E ratio of 15.53. Guess? also saw some unusual options trading activity on Tuesday. Traders purchased 3,251 put options on the company. This represents an increase of 444% compared to the typical daily volume of 598 put options.
Guess? (NYSE:GES) last released its earnings data on Wednesday, August 27th. The company reported $0.26 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.29 by $0.03. The company had revenue of $608.60 million for the quarter, compared to the consensus estimate of $617.91 million. During the same quarter last year, the company posted $0.52 earnings per share. Guess?’s revenue was down 4.7% compared to the same quarter last year. Analysts expect that Guess? will post $1.46 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 26th. Shareholders of record on Wednesday, September 10th will be paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 3.51%.
Guess?, Inc (NYSE:GES) designs, markets, distributes and licenses apparel and accessories for men, women and children.
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