Guess?’s “Hold” Rating Reiterated at Jefferies Group (GES)
Guess? (NYSE:GES)‘s stock had its “hold” rating reissued by Jefferies Group in a research note issued on Thursday. They currently have a $25.00 target price on the stock, down from their previous target price of $27.00. Jefferies Group’s price target would indicate a potential downside of 2.50% from the stock’s previous close.
Shares of Guess? (NYSE:GES) traded down 8.91% on Thursday, hitting $23.355. The stock had a trading volume of 2,862,471 shares. Guess? has a one year low of $24.60 and a one year high of $34.94. The stock’s 50-day moving average is $26.41 and its 200-day moving average is $27.41. The company has a market cap of $1.991 billion and a P/E ratio of 15.53. Guess? also was the target of unusually large options trading activity on Tuesday. Stock traders acquired 3,251 put options on the company. This is an increase of approximately 444% compared to the typical daily volume of 598 put options.
Guess? (NYSE:GES) last announced its earnings results 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 previous year, the company posted $0.52 earnings per share. The company’s revenue for the quarter was down 4.7% on a year-over-year basis. On average, analysts predict that Guess? will post $1.46 earnings per share 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 analysts have also recently weighed in on GES. Analysts at Telsey Advisory Group cut their price target on shares of Guess? from $31.00 to $25.00 in a research note on Thursday. They now have a “not rated” rating on the stock. Separately, analysts at Wunderlich reiterated a “buy” rating on shares of Guess? in a research note on Thursday. They now have a $27.00 price target on the stock, down previously from $31.00. Finally, 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. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Guess? has an average rating of “Hold” and a consensus target price of $28.92.
Guess?, Inc (NYSE:GES) designs, markets, distributes and licenses apparel and accessories for men, women and children.
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