Guess? Given New $25.00 Price Target at Telsey Advisory Group (GES)
Analysts at Telsey Advisory Group lowered their price target on shares of Guess? (NYSE:GES) from $31.00 to $25.00 in a research report issued to clients and investors on Thursday. The firm currently has a “not rated” rating on the stock. Telsey Advisory Group’s price objective suggests a potential downside of 2.50% from the company’s current price.
Shares of Guess? (NYSE:GES) opened at 25.64 on Thursday. Guess? has a 52 week low of $24.60 and a 52 week 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 $2.186 billion and a price-to-earnings ratio of 15.65. Guess? also was the target of some unusual options trading on Tuesday. Stock traders acquired 3,251 put options on the stock. This is an increase of 444% compared to the average volume of 598 put options.
Guess? (NYSE:GES) last issued its quarterly earnings data on Wednesday, August 27th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the 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 in the prior year, the company posted $0.52 earnings per share. The company’s quarterly revenue was down 4.7% on a year-over-year basis. Analysts expect that Guess? will post $1.46 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 26th. Investors of record on Wednesday, September 10th will be given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 3.51%.
A number of other firms have also recently commented on GES. Analysts at Wunderlich cut their price target on shares of Guess? from $31.00 to $27.00 in a research note on Thursday. They now have a “buy” rating on the stock. Separately, analysts at Mizuho cut their price target on shares of Guess? from $26.00 to $22.00 in a research note on Thursday. They now have a “neutral” rating on the stock. Finally, 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. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $29.08.
Guess?, Inc (NYSE:GES) designs, markets, distributes and licenses apparel and accessories for men, women and children.