Jefferies Group LLC set a $13.00 price target on Guess?, Inc. (NYSE:GES) in a research report released on Thursday morning, Marketbeat.com reports. The brokerage currently has a hold rating on the stock. Jefferies Group also issued estimates for Guess?’s Q3 2018 earnings at $0.11 EPS, Q4 2018 earnings at $0.49 EPS and FY2019 earnings at $0.75 EPS.

A number of other equities research analysts have also recently weighed in on the company. FBR & Co increased their price target on Guess? from $16.00 to $17.00 and gave the company a buy rating in a research note on Monday, August 21st. BidaskClub cut Guess? from a buy rating to a hold rating in a research note on Wednesday, August 16th. Standpoint Research cut Guess? from a buy rating to a hold rating and set a $13.91 price target on the stock. in a research note on Wednesday, August 9th. Zacks Investment Research cut Guess? from a buy rating to a hold rating in a research note on Tuesday, August 8th. Finally, Cowen and Company set a $11.00 price target on Guess? and gave the company a hold rating in a research note on Friday, July 28th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. The company has an average rating of Hold and a consensus target price of $13.77.

Shares of Guess? (NYSE GES) opened at 15.66 on Thursday. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 143.67 and a beta of 0.42. The stock has a 50 day moving average of $12.97 and a 200 day moving average of $11.97. Guess? has a 52-week low of $9.56 and a 52-week high of $18.40.

Guess? (NYSE:GES) last posted its quarterly earnings results on Wednesday, August 23rd. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.09. Guess? had a return on equity of 4.16% and a net margin of 0.43%. The business had revenue of $573.69 million for the quarter, compared to analysts’ expectations of $559.82 million. During the same quarter in the prior year, the business earned $0.14 EPS. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. Equities analysts predict that Guess? will post $0.52 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This story was posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this story on another website, it was illegally copied and republished in violation of US and international copyright and trademark laws. The original version of this story can be accessed at https://www.thecerbatgem.com/2017/08/28/jefferies-group-llc-reiterates-13-00-price-target-for-guess-inc-ges.html.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Wednesday, September 6th will be given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 5.75%. The ex-dividend date of this dividend is Friday, September 1st. Guess?’s payout ratio is 818.18%.

In other news, CEO Amigo Victor Herrero acquired 3,274 shares of the stock in a transaction on Monday, June 26th. The shares were purchased at an average price of $11.70 per share, for a total transaction of $38,305.80. Following the transaction, the chief executive officer now directly owns 392,848 shares of the company’s stock, valued at $4,596,321.60. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 29.60% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. FNY Managed Accounts LLC purchased a new position in Guess? during the first quarter valued at $100,000. FNY Partners Fund LP boosted its position in Guess? by 66.7% in the first quarter. FNY Partners Fund LP now owns 10,400 shares of the company’s stock valued at $115,000 after buying an additional 4,160 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in Guess? during the second quarter valued at $129,000. Bank of The West purchased a new position in Guess? during the second quarter valued at $140,000. Finally, State of Alaska Department of Revenue boosted its position in Guess? by 77.4% in the second quarter. State of Alaska Department of Revenue now owns 12,064 shares of the company’s stock valued at $154,000 after buying an additional 5,264 shares during the last quarter. Hedge funds and other institutional investors own 79.54% of the company’s stock.

Guess? Company Profile

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.

Analyst Recommendations for Guess? (NYSE:GES)

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.