Guess? (GES) Earns Daily Coverage Optimism Rating of 0.09
News coverage about Guess? (NYSE:GES) has trended somewhat positive on Saturday, Accern reports. Accern rates the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Guess? earned a coverage optimism score of 0.09 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 46.6725012013467 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- Can Columbia Sportswear’s (COLM) Initiatives Lift the Stock? – Nasdaq (nasdaq.com)
- Guess?, Inc. Announces Participation at the 3 – Business Wire (press release) (businesswire.com)
- Guess’, Inc. (GES) stands 12.89% away from 50 SMA: Technical Watch – Voice Of Analysts (analystsbuzz.com)
- Top Ranked Income Stocks to Buy for September 21st (mrtopstep.com)
- GUESS Announces Release of Second Sustainability Report (finance.yahoo.com)
Shares of Guess? (GES) traded up 1.52% on Friday, hitting $16.06. The company had a trading volume of 1,006,731 shares. The company has a market capitalization of $1.34 billion, a P/E ratio of 148.70 and a beta of 0.41. The firm has a 50-day moving average price of $14.53 and a 200 day moving average price of $12.29. Guess? has a 12-month low of $9.56 and a 12-month high of $16.55.
Guess? (NYSE:GES) last released its quarterly earnings results on Wednesday, August 23rd. The company reported $0.19 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.09. The business had revenue of $573.69 million during the quarter, compared to analysts’ expectations of $559.82 million. Guess? had a return on equity of 4.14% and a net margin of 0.43%. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period last year, the firm posted $0.14 EPS. Equities analysts expect that Guess? will post $0.58 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Wednesday, September 6th were issued a dividend of $0.225 per share. The ex-dividend date of this dividend was Friday, September 1st. This represents a $0.90 annualized dividend and a yield of 5.60%. Guess?’s payout ratio is currently 818.18%.
A number of brokerages have recently commented on GES. Standpoint Research lowered Guess? from a “buy” rating to a “hold” rating and set a $13.91 price target for the company. in a report on Wednesday, August 9th. B. Riley reiterated a “neutral” rating and set a $12.00 price target on shares of Guess? in a report on Sunday, June 4th. Zacks Investment Research lowered Guess? from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. BidaskClub lowered Guess? from a “buy” rating to a “hold” rating in a report on Wednesday, August 16th. Finally, Jefferies Group LLC set a $11.00 price target on Guess? and gave the stock a “hold” rating in a report on Wednesday, August 16th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. Guess? currently has a consensus rating of “Hold” and a consensus price target of $13.77.
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In related news, Director Kay Isaacson-Leibowitz sold 6,000 shares of Guess? stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $16.03, for a total transaction of $96,180.00. Following the completion of the sale, the director now directly owns 42,433 shares of the company’s stock, valued at approximately $680,200.99. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Amigo Victor Herrero purchased 3,274 shares of the company’s stock in a transaction that occurred on Monday, June 26th. The shares were purchased at an average cost of $11.70 per share, with a total value of $38,305.80. Following the completion of the acquisition, the chief executive officer now owns 392,848 shares in the company, valued at approximately $4,596,321.60. The disclosure for this purchase can be found here. Company insiders own 29.60% 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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