Guess”s (GES) “Market Perform” Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reissued their market perform rating on shares of Guess’ (NYSE:GES – Get Rating) in a research note released on Wednesday, Benzinga reports. The firm currently has a $23.00 price target on the stock. Telsey Advisory Group also issued estimates for Guess”s Q1 2024 earnings at ($0.28) EPS, Q2 2024 earnings at $0.64 EPS, Q3 2024 earnings at $0.67 EPS, Q4 2024 earnings at $1.63 EPS, FY2024 earnings at $2.65 EPS and FY2025 earnings at $2.95 EPS.

Separately, TheStreet cut Guess’ from a b- rating to a c rating in a research note on Tuesday, November 22nd.

Guess’ Stock Performance

GES stock opened at $19.17 on Wednesday. The company has a quick ratio of 0.79, a current ratio of 1.59 and a debt-to-equity ratio of 0.74. The business’s fifty day simple moving average is $22.01 and its two-hundred day simple moving average is $19.42. Guess’ has a twelve month low of $14.27 and a twelve month high of $24.66. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 8.60 and a beta of 1.87.

Guess’ (NYSE:GES – Get Rating) last issued its quarterly earnings data on Tuesday, March 14th. The company reported $1.74 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.44. Guess’ had a return on equity of 34.63% and a net margin of 5.57%. The company had revenue of $817.78 million for the quarter, compared to the consensus estimate of $772.00 million. During the same quarter last year, the company earned $1.14 earnings per share. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. Analysts predict that Guess’ will post 2.63 earnings per share for the current year.

Guess’ Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 14th. Shareholders of record on Wednesday, March 29th will be paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 4.69%. The ex-dividend date is Tuesday, March 28th. Guess”s dividend payout ratio (DPR) is currently 40.36%.

Hedge Funds Weigh In On Guess’

Several large investors have recently modified their holdings of GES. Robotti Robert purchased a new stake in shares of Guess’ in the 4th quarter valued at $161,382,000. Coppell Advisory Solutions Corp. acquired a new position in shares of Guess’ during the 4th quarter worth about $40,000. Point72 Middle East FZE acquired a new position in shares of Guess’ during the 4th quarter worth about $135,000. Chimera Capital Management LLC acquired a new position in shares of Guess’ during the 4th quarter worth about $1,128,000. Finally, Susquehanna Fundamental Investments LLC boosted its position in shares of Guess’ by 24.5% during the 4th quarter. Susquehanna Fundamental Investments LLC now owns 103,311 shares of the company’s stock worth $2,138,000 after acquiring an additional 20,323 shares in the last quarter. Institutional investors and hedge funds own 58.81% of the company’s stock.

Guess’ Company Profile

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Guess?, Inc engages in designing, marketing, distributing and licensing of contemporary apparel and accessories for men, women and children that reflect the American lifestyle and European fashion sensibilities. It operates through the following segments: Americas Retail, Americas Wholesale, Europe, Asia, and Licensing.