Telsey Advisory Group Reiterates Market Perform Rating for Guess? (NYSE:GES)

Guess? (NYSE:GES)‘s stock had its “market perform” rating reissued by research analysts at Telsey Advisory Group in a research report issued to clients and investors on Monday,Benzinga reports. They presently have a $16.75 price objective on the stock. Telsey Advisory Group’s price target suggests a potential downside of 0.42% from the stock’s current price.

A number of other research firms have also issued reports on GES. Zacks Research raised shares of Guess? from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Guess? in a research note on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Guess? presently has a consensus rating of “Hold” and a consensus price target of $16.75.

Guess? Stock Performance

GES opened at $16.82 on Monday. The firm’s 50-day moving average price is $16.86 and its 200-day moving average price is $16.16. The company has a market cap of $877.20 million, a P/E ratio of 15.15 and a beta of 0.96. The company has a quick ratio of 0.79, a current ratio of 1.63 and a debt-to-equity ratio of 1.14. Guess? has a 52-week low of $8.48 and a 52-week high of $17.15.

Guess? (NYSE:GES) last announced its quarterly earnings data on Tuesday, November 25th. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.10. Guess? had a net margin of 2.56% and a return on equity of 16.11%. The firm had revenue of $791.43 million for the quarter, compared to analyst estimates of $767.93 million. During the same period in the previous year, the company earned $0.34 earnings per share. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. As a group, equities analysts anticipate that Guess? will post 1.92 EPS for the current fiscal year.

Institutional Trading of Guess?

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Oregon Public Employees Retirement Fund lifted its stake in Guess? by 9.5% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 6,912 shares of the company’s stock valued at $116,000 after buying an additional 600 shares in the last quarter. Creative Planning raised its holdings in shares of Guess? by 3.8% during the third quarter. Creative Planning now owns 23,928 shares of the company’s stock valued at $400,000 after acquiring an additional 881 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in shares of Guess? by 4.7% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 20,277 shares of the company’s stock valued at $245,000 after acquiring an additional 915 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Guess? by 0.4% in the third quarter. JPMorgan Chase & Co. now owns 261,185 shares of the company’s stock worth $4,364,000 after acquiring an additional 925 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its stake in shares of Guess? by 9.3% in the third quarter. Louisiana State Employees Retirement System now owns 14,100 shares of the company’s stock worth $236,000 after acquiring an additional 1,200 shares during the last quarter. Hedge funds and other institutional investors own 61.74% of the company’s stock.

About Guess?

Guess?, Inc is a global fashion brand known for its lifestyle apparel, footwear and accessories. The company designs, markets and distributes a portfolio of apparel products under various brands, including its flagship Guess line and the premium Marciano label. Through its vertically integrated business model, Guess? oversees product development, manufacturing arrangements, marketing and distribution across wholesale and retail channels.

Guess?’s product offerings span denim, ready-to-wear, handbags, watches, jewelry and footwear for men, women and children.