Guess?, Inc. (GES) Given Average Recommendation of “Hold” by Brokerages
Shares of Guess?, Inc. (NYSE:GES) have been assigned an average recommendation of “Hold” from the ten brokerages that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $12.38.
Several analysts have commented on GES shares. B. Riley restated a “neutral” rating and set a $12.00 target price on shares of Guess? in a report on Sunday, June 4th. Zacks Investment Research downgraded shares of Guess? from a “buy” rating to a “hold” rating in a report on Tuesday. BidaskClub upgraded shares of Guess? from a “hold” rating to a “buy” rating in a report on Saturday. FBR & Co set a $16.00 price objective on shares of Guess? and gave the stock a “buy” rating in a research report on Saturday, July 22nd. Finally, Cowen and Company boosted their target price on shares of Guess? from $10.00 to $11.00 and gave the company a “market perform” rating in a research report on Thursday, May 25th.
Shares of Guess? (NYSE:GES) opened at 14.11 on Friday. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 45.22 and a beta of 0.42. The stock has a 50 day moving average of $12.42 and a 200-day moving average of $11.89. Guess? has a 52 week low of $9.56 and a 52 week high of $18.68.
Guess? (NYSE:GES) last released its quarterly earnings data on Wednesday, May 24th. The company reported ($0.24) earnings per share for the quarter, topping the consensus estimate of ($0.32) by $0.08. Guess? had a net margin of 1.20% and a return on equity of 3.67%. The business had revenue of $458.60 million for the quarter, compared to analyst estimates of $449.22 million. During the same quarter last year, the firm earned ($0.23) EPS. Guess?’s quarterly revenue was up 2.2% compared to the same quarter last year. Analysts expect that Guess? will post $0.40 earnings per share for the current year.
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In related news, CEO Amigo Victor Herrero bought 3,274 shares of Guess? stock in a transaction that occurred on Monday, June 26th. The shares were acquired at an average cost of $11.70 per share, for a total transaction of $38,305.80. Following the completion of the acquisition, the chief executive officer now directly owns 392,848 shares of the company’s stock, valued at approximately $4,596,321.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 29.60% of the company’s stock.
A number of hedge funds have recently made changes to their positions in GES. Bank of New York Mellon Corp boosted its stake in shares of Guess? by 59.5% in the second quarter. Bank of New York Mellon Corp now owns 2,755,938 shares of the company’s stock valued at $35,222,000 after buying an additional 1,028,389 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Guess? by 11.3% in the first quarter. Dimensional Fund Advisors LP now owns 7,080,922 shares of the company’s stock valued at $78,952,000 after buying an additional 717,390 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of Guess? by 192.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 993,471 shares of the company’s stock valued at $12,697,000 after buying an additional 653,957 shares during the last quarter. Contrarius Investment Management Ltd bought a new stake in shares of Guess? during the first quarter valued at approximately $7,258,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of Guess? by 710.0% in the first quarter. JPMorgan Chase & Co. now owns 426,895 shares of the company’s stock valued at $4,760,000 after buying an additional 374,191 shares during the last quarter. Institutional investors and hedge funds own 77.85% of the company’s stock.
Guess?, Inc designs, markets, distributes and licenses a lifestyle collections of apparel and accessories for men, women and children. The Company operates through five segments: Americas Retail, Europe, Asia, Americas Wholesale and Licensing. The Americas Retail segment includes the Company’s retail and e-commerce operations in North and Central America and its retail operations in South America.
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