Guess Inc. (GES) Price Target Lowered to $14.00 at Mizuho
Guess Inc. (NYSE:GES) had its target price decreased by research analysts at Mizuho from $17.00 to $14.00 in a research note issued on Thursday. The brokerage presently has a “neutral” rating on the stock. Mizuho’s price objective would suggest a potential downside of 8.62% from the stock’s current price.
Several other equities analysts have also weighed in on GES. B. Riley upgraded shares of Guess from a “neutral” rating to a “buy” rating and set a $21.00 price objective for the company in a research report on Thursday, August 25th. Piper Jaffray Cos. set a $12.00 price objective on shares of Guess and gave the company a “sell” rating in a research report on Sunday, August 21st. Zacks Investment Research upgraded shares of Guess from a “sell” rating to a “hold” rating in a research report on Tuesday, November 8th. Jefferies Group raised their price objective on shares of Guess from $16.00 to $17.00 and gave the company a “hold” rating in a research report on Thursday, August 25th. Finally, Telsey Advisory Group raised their price objective on shares of Guess from $16.00 to $17.00 and gave the company a “market perform” rating in a research report on Thursday, August 25th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company’s stock. Guess presently has an average rating of “Hold” and a consensus target price of $17.80.
Guess (NYSE:GES) opened at 15.32 on Thursday. Guess has a 12 month low of $13.20 and a 12 month high of $22.84. The firm’s 50-day moving average is $14.61 and its 200-day moving average is $15.08. The firm has a market cap of $1.29 billion, a PE ratio of 19.29 and a beta of 0.62.
Guess (NYSE:GES) last announced its earnings results on Wednesday, November 30th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.14 by $0.03. The company earned $536.30 million during the quarter, compared to the consensus estimate of $548.37 million. Guess had a net margin of 3.10% and a return on equity of 5.16%. The business’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.15 EPS. Equities analysts expect that Guess will post $0.65 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Wednesday, December 14th will be given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.87%. Guess’s dividend payout ratio is 112.50%.
COPYRIGHT VIOLATION NOTICE: This piece was originally reported by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are viewing this piece on another publication, it was stolen and republished in violation of US and international copyright and trademark law. The correct version of this piece can be viewed at https://www.thecerbatgem.com/2016/12/01/guess-inc-ges-price-target-lowered-to-14-00-at-mizuho.html.
In other Guess news, CEO Amigo Victor Herrero purchased 2,177 shares of the firm’s stock in a transaction on Monday, September 26th. The shares were purchased at an average price of $14.87 per share, for a total transaction of $32,371.99. Following the completion of the purchase, the chief executive officer now directly owns 334,703 shares of the company’s stock, valued at $4,977,033.61. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 28.80% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Wells Fargo & Company MN boosted its position in shares of Guess by 34.7% in the third quarter. Wells Fargo & Company MN now owns 855,755 shares of the company’s stock worth $12,503,000 after buying an additional 220,373 shares during the last quarter. Teacher Retirement System of Texas boosted its position in Guess by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 8,989 shares of the company’s stock worth $135,000 after buying an additional 1,089 shares in the last quarter. Northwestern Mutual Investment Management Company LLC boosted its position in Guess by 0.7% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 11,062 shares of the company’s stock worth $166,000 after buying an additional 78 shares in the last quarter. First Citizens Bank & Trust Co. boosted its position in Guess by 6.5% in the second quarter. First Citizens Bank & Trust Co. now owns 19,262 shares of the company’s stock worth $290,000 after buying an additional 1,169 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its position in Guess by 17.6% in the second quarter. Victory Capital Management Inc. now owns 15,417 shares of the company’s stock worth $232,000 after buying an additional 2,307 shares in the last quarter. 74.92% of the stock is owned by 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.
Receive News & Stock Ratings for Guess Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Guess Inc. and related stocks with our FREE daily email newsletter.