Guess Inc. (GES) Given Average Recommendation of “Hold” by Analysts
Shares of Guess Inc. (NYSE:GES) have been assigned a consensus rating of “Hold” from the fifteen research firms that are presently covering the company. Two equities research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $18.09.
GES has been the subject of several analyst reports. Zacks Investment Research upgraded shares of Guess from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research report on Tuesday, October 4th. Telsey Advisory Group upped their price target on shares of Guess from $16.00 to $17.00 and gave the company a “market perform” rating in a research report on Thursday, August 25th. Mizuho restated a “neutral” rating and set a $17.00 price target on shares of Guess in a research report on Tuesday, July 12th. Piper Jaffray Cos. set a $12.00 price target on shares of Guess and gave the company a “sell” rating in a research report on Sunday, August 21st. Finally, B. Riley reaffirmed a “buy” rating and set a $21.00 price objective on shares of Guess in a research note on Tuesday, August 30th.
In other Guess news, CEO Amigo Victor Herrero acquired 2,177 shares of the business’s stock in a transaction on Monday, September 26th. The shares were acquired at an average price of $14.87 per share, for a total transaction of $32,371.99. Following the completion of the acquisition, the chief executive officer now owns 334,703 shares in the company, valued at $4,977,033.61. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Anthony Chidoni sold 4,000 shares of the company’s stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $15.54, for a total transaction of $62,160.00. Following the completion of the sale, the director now owns 157,744 shares in the company, valued at approximately $2,451,341.76. The disclosure for this sale can be found here. 28.80% of the stock is currently owned by company insiders.
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Large investors have recently made changes to their positions in the company. Teacher Retirement System of Texas boosted its stake in Guess by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 8,989 shares of the company’s stock worth $135,000 after buying an additional 1,089 shares during the last quarter. Sei Investments Co. boosted its stake in Guess by 0.6% in the second quarter. Sei Investments Co. now owns 9,587 shares of the company’s stock worth $144,000 after buying an additional 60 shares during the last quarter. Bank of Montreal Can purchased a new stake in Guess during the second quarter worth approximately $161,000. Northwestern Mutual Investment Management Company LLC boosted its stake in Guess by 0.7% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 11,062 shares of the company’s stock worth $166,000 after buying an additional 78 shares during the last quarter. Finally, Clinton Group Inc. purchased a new stake in Guess during the second quarter worth approximately $188,000. Institutional investors and hedge funds own 77.63% of the company’s stock.
Shares of Guess (NYSE:GES) traded down 0.62% during mid-day trading on Tuesday, hitting $14.51. The stock had a trading volume of 289,270 shares. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of 18.27 and a beta of 0.76. Guess has a 1-year low of $13.78 and a 1-year high of $23.45. The stock’s 50-day moving average is $15.32 and its 200 day moving average is $15.86.
Guess (NYSE:GES) last posted its quarterly earnings results on Wednesday, August 24th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.07. Guess had a net margin of 3.10% and a return on equity of 5.16%. The business earned $545 million during the quarter, compared to analyst estimates of $551.53 million. During the same period in the prior year, the business posted $0.21 earnings per share. The company’s revenue was down .2% on a year-over-year basis. Equities research analysts predict that Guess will post $0.65 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 23rd. Shareholders of record on Wednesday, September 7th were issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 6.16%. The ex-dividend date was Friday, September 2nd. Guess’s dividend payout ratio (DPR) is presently 112.50%.
Guess Company Profile
Guess?, Inc designs, markets, distributes and licenses a lifestyle collection of apparel and accessories for men, women and children. The Company operates through five segments: Americas Retail, which includes its retail and e-commerce operations in North and Central America and its retail operations in South America; Europe, which includes its wholesale, retail and e-commerce operations in Europe and the Middle East; Asia, which includes its retail, e-commerce and wholesale operations in Asia; Americas Wholesale, which includes its wholesale operations in the Americas, and Licensing, which includes licensing operations of the Company across the world.
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