Guess Inc. (GES) Updates Q4 Earnings Guidance
Guess Inc. (NYSE:GES) updated its fourth quarter earnings guidance on Wednesday. The company provided earnings per share guidance of $0.40-0.50 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.60. The company issued revenue guidance of +3.5-7.5% (Approx $681-707 million), compared to the consensus revenue estimate of $724.23 million.
GES has been the subject of a number of research reports. Zacks Investment Research upgraded Guess from a hold rating to a buy rating and set a $16.00 price objective for the company in a research report on Tuesday, October 4th. 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 report on Thursday, August 25th. Jefferies Group upped their price objective on Guess from $16.00 to $17.00 and gave the company a hold rating in a research report on Thursday, August 25th. Wunderlich reiterated a buy rating and set a $27.00 price objective on shares of Guess in a research report on Monday. Finally, B. Riley reiterated a buy rating and set a $21.00 price objective on shares of Guess in a research report on Tuesday, August 30th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. Guess has an average rating of Hold and a consensus price target of $18.07.
Shares of Guess Inc. (NYSE:GES) traded down 1.54% during trading on Wednesday, reaching $15.32. The company had a trading volume of 3,070,186 shares. The company has a market capitalization of $1.29 billion, a PE ratio of 19.29 and a beta of 0.62. The stock’s 50-day moving average price is $14.59 and its 200-day moving average price is $15.08. Guess Inc. has a 52 week low of $13.20 and a 52 week high of $22.84.
Guess (NYSE:GES) last issued its quarterly earnings results on Wednesday, November 30th. The company reported $0.11 EPS for the quarter, missing the Zacks’ consensus estimate of $0.14 by $0.03. Guess had a return on equity of 5.16% and a net margin of 3.10%. The firm had revenue of $536.30 million for the quarter, compared to analyst estimates of $548.37 million. During the same period in the prior year, the firm posted $0.15 EPS. The business’s revenue was up 2.9% compared to the same quarter last year. On average, equities analysts expect that Guess Inc. will post $0.65 EPS for the current fiscal year.
In other news, CEO Amigo Victor Herrero purchased 2,177 shares of the stock in a transaction on Monday, September 26th. The stock was bought at an average price of $14.87 per share, with a total value of $32,371.99. Following the transaction, the chief executive officer now owns 334,703 shares in the company, valued at approximately $4,977,033.61. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 28.80% of the company’s stock.
A number of hedge funds have recently modified their holdings of the company. Sei Investments Co. boosted its stake in shares of Guess by 0.6% in the second quarter. Sei Investments Co. now owns 9,587 shares of the company’s stock worth $144,000 after buying an additional 60 shares in the last quarter. Clinton Group Inc. bought a new position in Guess during the second quarter worth $188,000. Profund Advisors LLC raised its position in Guess by 13.0% in the second quarter. Profund Advisors LLC now owns 14,459 shares of the company’s stock worth $218,000 after buying an additional 1,669 shares during the last quarter. Ameritas Investment Partners Inc. raised its position in Guess by 4.7% in the second quarter. Ameritas Investment Partners Inc. now owns 14,910 shares of the company’s stock worth $224,000 after buying an additional 674 shares during the last quarter. Finally, Hsbc Holdings PLC raised its position in Guess by 21.9% in the second quarter. Hsbc Holdings PLC now owns 20,291 shares of the company’s stock worth $306,000 after buying an additional 3,642 shares during the last quarter. 74.92% of the stock is owned by institutional investors.
Guess Company Profile
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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