Guess (NYSE:GES)‘s stock had its “hold” rating restated by analysts at Cowen in a note issued to investors on Tuesday, April 10th. They currently have a $23.00 price target on the stock. Cowen’s target price indicates a potential upside of 2.91% from the company’s previous close.
Several other research analysts have also recently issued reports on GES. Zacks Investment Research cut Guess from a “buy” rating to a “hold” rating in a research report on Friday, December 15th. B. Riley started coverage on Guess in a report on Friday, December 22nd. They set a “neutral” rating and a $17.00 price target on the stock. Finally, KeyCorp reiterated a “sector weight” rating on shares of Guess in a report on Tuesday, February 20th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $18.13.
Shares of Guess stock opened at $22.35 on Tuesday. The company has a quick ratio of 1.45, a current ratio of 2.37 and a debt-to-equity ratio of 0.04. Guess has a 52 week low of $9.56 and a 52 week high of $24.01. The company has a market capitalization of $1,875.85, a price-to-earnings ratio of 33.04, a PEG ratio of 1.32 and a beta of 0.35.
Guess (NYSE:GES) last announced its quarterly earnings data on Wednesday, March 21st. The company reported $0.62 EPS for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.08. The firm had revenue of $792.00 million during the quarter, compared to analysts’ expectations of $755.64 million. Guess had a positive return on equity of 6.18% and a negative net margin of 0.33%. The company’s revenue for the quarter was up 17.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.41 earnings per share. research analysts predict that Guess will post 0.99 EPS for the current year.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. MetLife Investment Advisors LLC purchased a new position in shares of Guess in the fourth quarter valued at $515,000. Castleark Management LLC grew its position in shares of Guess by 14.2% in the fourth quarter. Castleark Management LLC now owns 815,875 shares of the company’s stock valued at $13,772,000 after purchasing an additional 101,195 shares in the last quarter. Macquarie Group Ltd. grew its position in shares of Guess by 114.4% in the fourth quarter. Macquarie Group Ltd. now owns 222,539 shares of the company’s stock valued at $3,756,000 after purchasing an additional 118,739 shares in the last quarter. Jane Street Group LLC grew its position in shares of Guess by 96.6% in the fourth quarter. Jane Street Group LLC now owns 25,168 shares of the company’s stock valued at $425,000 after purchasing an additional 12,368 shares in the last quarter. Finally, Millennium Management LLC purchased a new position in shares of Guess in the fourth quarter valued at $1,124,000. Institutional investors own 82.38% of the company’s stock.
Guess?, Inc designs, markets, distributes, and licenses lifestyle collections of apparel and accessories for men, women, and children. It operates through five segments: Americas Retail, Europe, Asia, Americas Wholesale, and Licensing. The company's clothing collection includes jeans, pants, skirts, dresses, shorts, blouses, shirts, jackets, knitwear, and intimate apparel.
Receive News & Ratings for Guess Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Guess and related companies with MarketBeat.com's FREE daily email newsletter.