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

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

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

Guess? Stock Performance

Shares of NYSE GES opened at $16.82 on Monday. The firm has a 50 day moving average of $16.86 and a 200 day moving average of $16.11. The company has a current ratio of 1.63, a quick ratio of 0.79 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $877.20 million, a price-to-earnings ratio of 15.15 and a beta of 0.96. Guess? has a 12-month low of $8.48 and a 12-month high of $17.15.

Guess? (NYSE:GES) last released its quarterly earnings results on Tuesday, November 25th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.10. The business had revenue of $791.43 million for the quarter, compared to the consensus estimate of $767.93 million. Guess? had a net margin of 2.56% and a return on equity of 16.11%. The company’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period last year, the firm earned $0.34 earnings per share. On average, research analysts anticipate that Guess? will post 1.92 earnings per share for the current year.

Hedge Funds Weigh In On Guess?

Several hedge funds have recently added to or reduced their stakes in GES. Royal Bank of Canada grew its stake in shares of Guess? by 49.3% during the first quarter. Royal Bank of Canada now owns 28,031 shares of the company’s stock valued at $310,000 after buying an additional 9,260 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Guess? by 82.2% during the 1st quarter. AQR Capital Management LLC now owns 282,196 shares of the company’s stock valued at $3,124,000 after acquiring an additional 127,274 shares during the period. Empowered Funds LLC grew its position in Guess? by 3.0% in the 1st quarter. Empowered Funds LLC now owns 271,920 shares of the company’s stock valued at $3,010,000 after acquiring an additional 7,959 shares during the last quarter. GAMMA Investing LLC grew its position in Guess? by 193.9% in the 2nd quarter. GAMMA Investing LLC now owns 6,809 shares of the company’s stock valued at $82,000 after acquiring an additional 4,492 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its stake in Guess? by 8.6% in the second quarter. State of Alaska Department of Revenue now owns 16,409 shares of the company’s stock worth $198,000 after purchasing an additional 1,297 shares during the period. 61.74% of the stock is currently owned by institutional investors.

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.