Guess?, Inc. (GES) Receives Consensus Rating of “Hold” from Brokerages

Shares of Guess?, Inc. (NYSE:GES) have been assigned a consensus rating of “Hold” from the eleven research firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $14.74.

A number of brokerages recently weighed in on GES. B. Riley reaffirmed a “buy” rating on shares of Guess? in a research report on Wednesday, November 1st. Zacks Investment Research cut shares of Guess? from a “buy” rating to a “hold” rating in a research report on Friday, January 12th. Jefferies Group reaffirmed a “hold” rating and set a $13.00 price target on shares of Guess? in a research report on Thursday, September 28th. Finally, Cowen reaffirmed a “hold” rating and set a $17.00 price target on shares of Guess? in a research report on Wednesday, November 22nd.

In related news, Director Kay Isaacson-Leibowitz sold 4,000 shares of the company’s stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $17.73, for a total transaction of $70,920.00. Following the completion of the sale, the director now directly owns 38,433 shares of the company’s stock, valued at approximately $681,417.09. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 29.60% of the stock is currently owned by corporate insiders.

Hedge funds have recently modified their holdings of the business. Cubist Systematic Strategies LLC acquired a new position in Guess? in the 2nd quarter worth $129,000. Piedmont Investment Advisors LLC acquired a new position in Guess? in the 2nd quarter worth $168,000. Invictus RG acquired a new position in Guess? in the 3rd quarter worth $256,000. Russell Investments Group Ltd. lifted its holdings in Guess? by 1,461.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 15,400 shares of the company’s stock worth $197,000 after buying an additional 14,414 shares in the last quarter. Finally, Quantitative Systematic Strategies LLC acquired a new position in Guess? in the 3rd quarter worth $281,000. Hedge funds and other institutional investors own 82.38% of the company’s stock.

Shares of Guess? (NYSE GES) opened at $18.22 on Friday. Guess? has a 12 month low of $9.56 and a 12 month high of $18.30. The stock has a market cap of $1,443.91, a price-to-earnings ratio of -455.50, a PEG ratio of 1.64 and a beta of 0.42. The company has a current ratio of 2.58, a quick ratio of 1.36 and a debt-to-equity ratio of 0.04.

Guess? (NYSE:GES) last announced its quarterly earnings data on Tuesday, November 21st. The company reported $0.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.01. Guess? had a negative net margin of 0.10% and a positive return on equity of 4.35%. The company had revenue of $554.00 million during the quarter, compared to analysts’ expectations of $569.75 million. During the same period in the previous year, the company earned $0.11 EPS. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. sell-side analysts predict that Guess? will post 0.61 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 3rd. Investors of record on Wednesday, December 13th were given a dividend of $0.225 per share. The ex-dividend date of this dividend was Tuesday, December 12th. This represents a $0.90 dividend on an annualized basis and a yield of 4.94%. Guess?’s dividend payout ratio (DPR) is -2,250.00%.

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About Guess?

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.

Analyst Recommendations for Guess? (NYSE:GES)

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