Guess? (NYSE:GES) Price Target Raised to $32.00

Guess? (NYSE:GES) had its price objective boosted by UBS Group from $26.00 to $32.00 in a report published on Monday morning, Benzinga reports. The firm currently has a neutral rating on the stock.

Other equities analysts have also issued research reports about the stock. Jefferies Financial Group increased their target price on shares of Guess? from $24.00 to $29.00 and gave the company a hold rating in a research report on Thursday, March 21st. B. Riley reissued a buy rating and issued a $33.00 price target (up from $31.00) on shares of Guess? in a report on Wednesday, February 21st. StockNews.com raised shares of Guess? from a hold rating to a buy rating in a report on Friday, March 22nd. Finally, Telsey Advisory Group upped their price target on shares of Guess? from $23.00 to $30.00 and gave the company a market perform rating in a report on Thursday, March 21st. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus target price of $31.00.

Guess? Stock Up 2.7 %

Guess? stock opened at $31.20 on Monday. The company has a 50-day simple moving average of $24.86 and a 200-day simple moving average of $23.24. The firm has a market capitalization of $1.68 billion, a P/E ratio of 10.76 and a beta of 1.96. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.96 and a current ratio of 1.55. Guess? has a one year low of $17.21 and a one year high of $32.22.

Guess? (NYSE:GES) last released its quarterly earnings results on Wednesday, March 20th. The company reported $2.01 EPS for the quarter, topping the consensus estimate of $1.55 by $0.46. The business had revenue of $891.05 million during the quarter, compared to analyst estimates of $855.54 million. Guess? had a net margin of 7.14% and a return on equity of 30.68%. The company’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.74 earnings per share. As a group, equities analysts expect that Guess? will post 2.91 earnings per share for the current year.

Guess? Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 3rd. Stockholders of record on Wednesday, April 17th will be given a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, April 16th. This represents a $1.20 annualized dividend and a dividend yield of 3.85%. Guess?’s dividend payout ratio (DPR) is presently 41.38%.

Hedge Funds Weigh In On Guess?

Several institutional investors and hedge funds have recently bought and sold shares of GES. American Century Companies Inc. increased its stake in shares of Guess? by 10.8% in the third quarter. American Century Companies Inc. now owns 473,679 shares of the company’s stock worth $10,250,000 after acquiring an additional 46,035 shares during the last quarter. Hsbc Holdings PLC purchased a new position in Guess? in the third quarter valued at about $1,128,000. Qube Research & Technologies Ltd increased its position in Guess? by 79.6% in the 3rd quarter. Qube Research & Technologies Ltd now owns 344,653 shares of the company’s stock worth $7,458,000 after purchasing an additional 152,788 shares during the last quarter. Dark Forest Capital Management LP purchased a new stake in shares of Guess? during the 3rd quarter worth about $495,000. Finally, Alps Advisors Inc. bought a new stake in shares of Guess? in the 3rd quarter valued at approximately $321,000. Hedge funds and other institutional investors own 61.74% of the company’s stock.

About Guess?

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, Americas Wholesale, Europe, Asia, and Licensing. The company's clothing collection includes jeans, pants, skirts, dresses, shorts, blouses, shirts, jackets, activewear, knitwear, and intimate apparel.