Equities researchers at B. Riley initiated coverage on shares of Guess? (NYSE:GES) in a report released on Friday, December 22nd, Marketbeat reports. The brokerage set a “neutral” rating and a $17.00 price target on the stock. B. Riley’s price objective points to a potential downside of 2.97% from the company’s previous close.
Other analysts have also issued research reports about the stock. Evercore ISI started coverage on shares of Guess? in a research report on Friday, August 25th. They issued a “buy” rating on the stock. Zacks Investment Research upgraded shares of Guess? from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research note on Friday, August 25th. Jefferies Group set a $13.00 target price on shares of Guess? and gave the stock a “hold” rating in a research note on Thursday, August 24th. Cowen reiterated a “hold” rating and issued a $17.00 target price on shares of Guess? in a research note on Wednesday, November 22nd. Finally, Telsey Advisory Group boosted their price objective on shares of Guess? from $12.00 to $15.00 and gave the company a “market perform” rating in a research note on Thursday, August 24th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. Guess? has an average rating of “Hold” and an average price target of $15.21.
Guess? (NYSE:GES) traded up $0.19 on Friday, hitting $17.52. 1,042,429 shares of the company were exchanged, compared to its average volume of 808,162. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.58 and a quick ratio of 1.36. Guess? has a one year low of $9.56 and a one year high of $18.30. The company has a market capitalization of $1,425.81, a price-to-earnings ratio of -438.00, a P/E/G ratio of 1.62 and a beta of 0.42.
Guess? (NYSE:GES) last released its quarterly earnings results on Tuesday, November 21st. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. The company had revenue of $554.00 million for the quarter, compared to analyst estimates of $569.75 million. Guess? had a negative net margin of 0.10% and a positive return on equity of 4.35%. The firm’s revenue was up 3.3% on a year-over-year basis. During the same period last year, the firm earned $0.11 earnings per share. analysts predict that Guess? will post 0.61 earnings per share for the current year.
In other Guess? news, Director Kay Isaacson-Leibowitz sold 4,000 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $681,417.09. The transaction was disclosed in a filing with the SEC, which is available through this link. 29.60% of the stock is owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC bought a new stake in shares of Guess? in the 2nd quarter worth approximately $1,065,000. Contrarius Investment Management Ltd lifted its holdings in shares of Guess? by 56.1% in the 2nd quarter. Contrarius Investment Management Ltd now owns 1,016,303 shares of the company’s stock worth $12,988,000 after acquiring an additional 365,342 shares during the last quarter. GAM Holding AG lifted its holdings in shares of Guess? by 15.6% in the 2nd quarter. GAM Holding AG now owns 105,170 shares of the company’s stock worth $1,344,000 after acquiring an additional 14,190 shares during the last quarter. Macquarie Group Ltd. bought a new stake in shares of Guess? in the 3rd quarter worth approximately $1,767,000. Finally, Bank of New York Mellon Corp lifted its holdings in shares of 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 worth $35,222,000 after acquiring an additional 1,028,389 shares during the last quarter. Hedge funds and other institutional investors own 82.38% of the company’s stock.
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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.
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