Guess?, Inc. (GES) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Guess?, Inc. (NYSE:GES) have earned a consensus rating of “Hold” from the eleven research firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $13.77.
GES has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Guess? from a “sell” rating to a “hold” rating in a research note on Monday, May 22nd. Jefferies Group LLC cut their target price on shares of Guess? from $12.00 to $11.00 and set a “hold” rating on the stock in a research note on Thursday, May 25th. Cowen and Company upped their target price on shares of Guess? from $10.00 to $11.00 and gave the stock a “market perform” rating in a research note on Thursday, May 25th. B. Riley restated a “neutral” rating and set a $12.00 target price on shares of Guess? in a research note on Tuesday, May 30th. Finally, BidaskClub upgraded shares of Guess? from a “hold” rating to a “buy” rating in a research note on Friday, June 30th.
Shares of Guess? (GES) opened at 15.64 on Friday. The stock has a 50 day moving average of $14.38 and a 200-day moving average of $12.25. The company has a market capitalization of $1.30 billion, a PE ratio of 144.81 and a beta of 0.41. Guess? has a 12-month low of $9.56 and a 12-month high of $16.55.
Guess? (NYSE:GES) last released its earnings results on Wednesday, August 23rd. The company reported $0.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.09. Guess? had a net margin of 0.43% and a return on equity of 4.14%. The firm had revenue of $573.69 million for the quarter, compared to analyst estimates of $559.82 million. During the same period in the prior year, the firm earned $0.14 earnings per share. The business’s quarterly revenue was up 5.3% compared to the same quarter last year. Analysts predict that Guess? will post $0.58 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Wednesday, September 6th will be issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 5.75%. The ex-dividend date of this dividend is Friday, September 1st. Guess?’s dividend payout ratio is presently 818.18%.
In related news, Director Kay Isaacson-Leibowitz sold 6,000 shares of the stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $16.03, for a total transaction of $96,180.00. Following the completion of the sale, the director now directly owns 42,433 shares of the company’s stock, valued at $680,200.99. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Amigo Victor Herrero purchased 3,274 shares of the firm’s stock in a transaction that occurred on Monday, June 26th. The shares were bought at an average cost of $11.70 per share, with a total value of $38,305.80. Following the completion of the acquisition, the chief executive officer now owns 392,848 shares of the company’s stock, valued at $4,596,321.60. The disclosure for this purchase can be found here. 29.60% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. FNY Managed Accounts LLC acquired a new stake in shares of Guess? during the first quarter worth $100,000. Cubist Systematic Strategies LLC acquired a new stake in Guess? in the second quarter valued at $129,000. FNY Partners Fund LP lifted its holdings in Guess? by 66.7% in the first quarter. FNY Partners Fund LP now owns 10,400 shares of the company’s stock valued at $115,000 after acquiring an additional 4,160 shares during the period. Bank of The West acquired a new stake in Guess? in the second quarter valued at $140,000. Finally, Northwestern Mutual Investment Management Company LLC acquired a new stake in Guess? in the second quarter valued at $166,000. 79.51% of the stock is owned by hedge funds and other institutional investors.
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Guess? Company Profile
Guess?, Inc designs, markets, distributes and licenses a lifestyle collections of apparel and accessories for men, women and children. The Company operates through five segments: Americas Retail, Europe, Asia, Americas Wholesale and Licensing. The Americas Retail segment includes the Company’s retail and e-commerce operations in North and Central America and its retail operations in South America.
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