Guess?, Inc. (GES) Given Average Rating of “Hold” by Analysts
Shares of Guess?, Inc. (NYSE:GES) have been given a consensus recommendation of “Hold” by the eleven ratings firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $13.77.
GES has been the subject of several recent research reports. BidaskClub raised shares of Guess? from a “hold” rating to a “buy” rating in a report on Friday, June 30th. FBR & Co initiated coverage on shares of Guess? in a report on Tuesday, July 11th. They set an “outperform” rating and a $16.00 target price for the company. Jefferies Group LLC reaffirmed a “hold” rating and set a $11.00 target price on shares of Guess? in a report on Friday, July 14th. Cowen and Company set a $11.00 target price on shares of Guess? and gave the company a “hold” rating in a report on Friday, July 28th. Finally, Zacks Investment Research lowered shares of Guess? from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th.
Shares of Guess? (GES) opened at 15.91 on Thursday. Guess? has a 52 week low of $9.56 and a 52 week high of $17.54. The stock has a 50 day moving average of $16.11 and a 200-day moving average of $12.87. The stock has a market capitalization of $1.32 billion, a PE ratio of 147.31 and a beta of 0.44.
Guess? (NYSE:GES) last posted its earnings results on Wednesday, August 23rd. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.09. The firm had revenue of $573.69 million during the quarter, compared to analyst estimates of $559.82 million. Guess? had a net margin of 0.43% and a return on equity of 4.14%. The business’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.14 EPS. On average, equities research analysts expect that Guess? will post $0.58 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Wednesday, September 6th were issued a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 5.66%. The ex-dividend date was Friday, September 1st. Guess?’s payout ratio is presently 818.18%.
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In other news, Director Kay Isaacson-Leibowitz sold 6,000 shares of the company’s stock in a transaction on Wednesday, September 6th. The shares were 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 owns 42,433 shares of the company’s stock, valued at $680,200.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 29.60% of the stock is owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in GES. FNY Managed Accounts LLC purchased a new stake in shares of Guess? during the first quarter worth $100,000. FNY Partners Fund LP grew its holdings in shares of Guess? by 66.7% during the first quarter. FNY Partners Fund LP now owns 10,400 shares of the company’s stock worth $115,000 after buying an additional 4,160 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Guess? during the second quarter worth $129,000. Bank of The West purchased a new stake in shares of Guess? during the second quarter worth $140,000. Finally, State of Alaska Department of Revenue grew its holdings in shares of Guess? by 77.4% during the second quarter. State of Alaska Department of Revenue now owns 12,064 shares of the company’s stock worth $154,000 after buying an additional 5,264 shares in the last quarter. 79.49% of the stock is owned by institutional investors and hedge funds.
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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