Jefferies Group LLC Reiterates “$13.00” Price Target for Guess?, Inc. (GES)
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.
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.
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