Recent Research Analysts’ Ratings Updates for Guess? (GES)
Guess? (NYSE: GES) received a number of price target changes and ratings updates during the last week:
- Guess? had its “buy” rating reaffirmed by analysts at Wunderlich. They now have a $27.00 price target on the stock, down previously from $31.00. They wrote, “We are reducing our price target to $27 (from $31) and cutting our FY15 and FY16 EPS estimates to $1.09 (from $1.47) and $1.63 (from $1.98), respectively, after GUESS? (GES) missed 2Q top and bottom line expectations and provided guidance that affirmed that the turn in the North American operations is not a near-term event. That said, the company did provide guideposts that allow us to be surer of the turn in Europe; accelerated domestic store closures, cost cutting, and their balance sheet remains pristine and the dividend highly secure. As such, while we are becoming more conservative, especially in the near term, we are retaining our Buy rating, as we view the risk/reward, especially for longer-term investors, as still compelling.”
- Guess? had its “hold” rating reaffirmed by analysts at Jefferies Group. They now have a $25.00 price target on the stock, down previously from $27.00.
- Guess? had its price target lowered by analysts at Mizuho from $26.00 to $22.00. They now have a “neutral” rating on the stock.
- Guess? had its price target lowered by analysts at Telsey Advisory Group from $31.00 to $25.00. They now have a “not rated” rating on the stock.
Shares of Guess?, Inc. (NYSE:GES) traded down 0.34% during mid-day trading on Thursday, hitting $23.20. 1,442,450 shares of the company’s stock traded hands. Guess?, Inc. has a 52 week low of $23.08 and a 52 week high of $34.94. The stock’s 50-day moving average is $25.75 and its 200-day moving average is $27.21. The company has a market cap of $1.962 billion and a P/E ratio of 16.07.
Guess? (NYSE:GES) last issued its quarterly earnings data on Wednesday, August 27th. The company reported $0.26 EPS for the quarter, missing the Thomson Reuters 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. On average, analysts predict that Guess?, Inc. will post $1.11 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 3.88%. The ex-dividend date of this dividend is Monday, September 8th.
Guess?, Inc (NYSE:GES) designs, markets, distributes and licenses apparel and accessories for men, women and children.
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