Guess?, Inc. (GES) Receives Average Rating of “Hold” from Brokerages
Guess?, Inc. (NYSE:GES) has been assigned an average recommendation of “Hold” from the eleven research firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $15.11.
GES has been the topic of a number of research reports. BidaskClub raised Guess? from a “hold” rating to a “buy” rating in a research note on Saturday, August 5th. Zacks Investment Research downgraded Guess? from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Standpoint Research lowered Guess? from a “buy” rating to a “hold” rating and set a $13.91 target price on the stock. in a research report on Wednesday, August 9th. Jefferies Group set a $11.00 target price on Guess? and gave the stock a “hold” rating in a research report on Wednesday, August 16th. Finally, FBR & Co boosted their target price on Guess? from $16.00 to $17.00 and gave the stock a “buy” rating in a research report on Monday, August 21st.
Guess? (NYSE:GES) traded down $0.26 on Friday, hitting $16.50. The stock had a trading volume of 2,054,200 shares, compared to its average volume of 1,454,363. Guess? has a 12 month low of $9.56 and a 12 month high of $18.30. The company has a quick ratio of 1.36, a current ratio of 2.58 and a debt-to-equity ratio of 0.04. The company has a market cap of $1,370.00, a P/E ratio of 33.31, a PEG ratio of 1.49 and a beta of 0.41.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Wednesday, December 13th will be given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.45%. The ex-dividend date is Tuesday, December 12th. Guess?’s dividend payout ratio (DPR) is presently -2,250.00%.
In other news, Director Kay Isaacson-Leibowitz sold 6,000 shares of the business’s 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 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 29.60% of the stock is owned by insiders.
Several hedge funds have recently modified their holdings of GES. SG Americas Securities LLC purchased a new position in Guess? in the second quarter valued at about $1,065,000. GAM Holding AG lifted its position in shares of Guess? by 15.6% during the 2nd quarter. GAM Holding AG now owns 105,170 shares of the company’s stock worth $1,344,000 after purchasing an additional 14,190 shares during the last quarter. Contrarius Investment Management Ltd lifted its position in shares of Guess? by 56.1% during the 2nd quarter. Contrarius Investment Management Ltd now owns 1,016,303 shares of the company’s stock worth $12,988,000 after purchasing an additional 365,342 shares during the last quarter. Stifel Financial Corp acquired a new position in shares of Guess? during the 2nd quarter worth about $526,000. Finally, Bank of New York Mellon Corp raised its holdings in Guess? by 59.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,755,938 shares of the company’s stock valued at $35,222,000 after acquiring an additional 1,028,389 shares in the last quarter. Institutional investors and hedge funds own 81.45% of the company’s stock.
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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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