Guess?, Inc. (GES) Receives Average Recommendation of “Hold” from Brokerages

Guess?, Inc. (NYSE:GES) has been assigned an average rating of “Hold” from the eleven analysts that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $14.74.

GES has been the subject of several research analyst reports. Zacks Investment Research cut shares of Guess? from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 27th. B. Riley reiterated a “hold” rating and set a $17.00 target price on shares of Guess? in a research note on Tuesday, January 9th. Finally, Cowen reiterated a “hold” rating and set a $17.00 target price on shares of Guess? in a research note on Wednesday, November 22nd.

In other news, Director Kay Isaacson-Leibowitz sold 4,000 shares of the stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $17.73, for a total value of $70,920.00. Following the completion of the transaction, the director now owns 38,433 shares in the company, valued at approximately $681,417.09. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 29.60% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Macquarie Group Ltd. acquired a new position in shares of Guess? in the 3rd quarter valued at $1,767,000. Stifel Financial Corp acquired a new position in shares of Guess? in the 2nd quarter valued at $526,000. Contrarius Investment Management Ltd raised its stake in shares of Guess? by 7.0% in the 3rd quarter. Contrarius Investment Management Ltd now owns 1,087,507 shares of the company’s stock valued at $18,520,000 after buying an additional 71,204 shares in the last quarter. Majedie Asset Management Ltd acquired a new position in shares of Guess? in the 3rd quarter valued at $12,333,000. Finally, WINTON GROUP Ltd acquired a new position in shares of Guess? in the 3rd quarter valued at $2,310,000. Institutional investors own 83.59% of the company’s stock.

Guess? (NYSE:GES) opened at $15.07 on Wednesday. The company has a market cap of $1,216.83, a price-to-earnings ratio of -376.75, a P/E/G ratio of 1.00 and a beta of 0.42. Guess? has a one year low of $9.56 and a one year high of $19.62. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.36 and a current ratio of 2.58.

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

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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.

Analyst Recommendations for Guess? (NYSE:GES)

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