Guess? Hits New 1-Year Low After Analyst Downgrade (GES)
Guess? (NYSE:GES) hit a new 52-week low during mid-day trading on Friday after Telsey Advisory Group lowered their price target on the stock from $31.00 to $25.00, AnalystRatings.Net reports. Telsey Advisory Group currently has a not rated rating on the stock. Guess? traded as low as $23.15 and last traded at $23.59, with a volume of 1,549,141 shares changing hands. The stock had previously closed at $23.38.
Other equities research analysts have also recently issued reports about the stock. 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. 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 analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Guess? has a consensus rating of “Hold” and an average price target of $28.92.
The stock has a 50-day moving average of $26.28 and a 200-day moving average of $27.39. The company has a market cap of $1.995 billion and a price-to-earnings ratio of 16.14. Guess? also saw some unusual options trading activity on Tuesday. Stock traders acquired 3,251 put options on the company. This is an increase of 444% compared to the typical daily volume of 598 put options.
Guess? (NYSE:GES) last posted its quarterly earnings results 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 $1.20 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 26th. Shareholders 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 3.85%.
Guess?, Inc (NYSE:GES) designs, markets, distributes and licenses apparel and accessories for men, women and children.
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