Guess Inc. (GES) Given Average Recommendation of “Hold” by Analysts
Shares of Guess Inc. (NYSE:GES) have earned a consensus rating of “Hold” from the fifteen research firms that are presently covering the company. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $18.09.
Several analysts have issued reports on GES shares. Piper Jaffray Cos. restated a “hold” rating and issued a $15.00 price objective on shares of Guess in a research note on Thursday, June 23rd. Mizuho restated a “neutral” rating and issued a $17.00 price objective on shares of Guess in a research note on Tuesday, July 12th. Zacks Investment Research upgraded Guess from a “sell” rating to a “hold” rating and set a $20.00 price objective on the stock in a research note on Wednesday, August 24th. B. Riley upgraded Guess from a “neutral” rating to a “buy” rating and set a $21.00 price objective on the stock in a research note on Thursday, August 25th. Finally, Telsey Advisory Group upped their price objective on Guess from $16.00 to $17.00 and gave the company a “market perform” rating in a research note on Thursday, August 25th.
Guess (NYSE:GES) traded down 0.62% during trading on Tuesday, hitting $14.51. The company had a trading volume of 289,270 shares. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of 18.27 and a beta of 0.76. Guess has a one year low of $13.78 and a one year high of $23.45. The stock has a 50-day moving average of $15.32 and a 200 day moving average of $15.86.
Guess (NYSE:GES) last released its earnings results on Wednesday, August 24th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.07. Guess had a return on equity of 5.16% and a net margin of 3.10%. The business had revenue of $545 million for the quarter, compared to analyst estimates of $551.53 million. During the same quarter in the prior year, the company posted $0.21 earnings per share. Guess’s revenue was down .2% on a year-over-year basis. Equities analysts forecast that Guess will post $0.65 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 23rd. Shareholders of record on Wednesday, September 7th were issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 6.16%. The ex-dividend date was Friday, September 2nd. Guess’s dividend payout ratio is presently 112.50%.
In other Guess news, Director Anthony Chidoni sold 4,000 shares of the firm’s stock in a transaction on Friday, July 15th. The stock was sold at an average price of $15.54, for a total value of $62,160.00. Following the sale, the director now owns 157,744 shares of the company’s stock, valued at approximately $2,451,341.76. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Amigo Victor Herrero bought 2,177 shares of Guess stock in a transaction on Monday, September 26th. The stock was acquired at an average cost of $14.87 per share, for a total transaction of $32,371.99. Following the acquisition, the chief executive officer now owns 334,703 shares in the company, valued at approximately $4,977,033.61. The disclosure for this purchase can be found here. 28.80% of the stock is owned by company insiders.
Large investors have recently modified their holdings of the stock. Commonwealth Equity Services Inc acquired a new stake in shares of Guess during the first quarter worth $336,000. Virginia Retirement System acquired a new stake in shares of Guess during the first quarter worth $458,000. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of Guess during the first quarter worth $268,000. BlackRock Group LTD increased its stake in shares of Guess by 1.9% in the first quarter. BlackRock Group LTD now owns 116,516 shares of the company’s stock worth $2,187,000 after buying an additional 2,175 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its stake in shares of Guess by 1.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,832,249 shares of the company’s stock worth $34,391,000 after buying an additional 28,100 shares in the last quarter. 77.63% of the stock is currently owned by hedge funds and other institutional investors.
Guess?, Inc designs, markets, distributes and licenses a lifestyle collection of apparel and accessories for men, women and children. The Company operates through five segments: Americas Retail, which includes its retail and e-commerce operations in North and Central America and its retail operations in South America; Europe, which includes its wholesale, retail and e-commerce operations in Europe and the Middle East; Asia, which includes its retail, e-commerce and wholesale operations in Asia; Americas Wholesale, which includes its wholesale operations in the Americas, and Licensing, which includes licensing operations of the Company across the world.
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