Guess?’s (GES) Hold Rating Reiterated at Jefferies Group LLC
Guess?, Inc. (NYSE:GES)‘s stock had its “hold” rating reissued by research analysts at Jefferies Group LLC in a research note issued to investors on Thursday. They presently have a $13.00 price objective on the stock. Jefferies Group LLC’s price objective suggests a potential downside of 25.46% from the stock’s previous close.
A number of other equities analysts have also weighed in on the stock. Evercore ISI assumed coverage on shares of Guess? in a research report on Friday, August 25th. They issued a “buy” rating on the stock. Zacks Investment Research upgraded shares of Guess? from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research report on Friday, August 25th. Cowen and Company set a $14.00 target price on shares of Guess? and gave the stock a “hold” rating in a research report on Thursday, August 24th. Telsey Advisory Group boosted their target price on shares of Guess? from $12.00 to $15.00 and gave the stock a “market perform” rating in a research report on Thursday, August 24th. Finally, FBR & Co boosted their target price on shares of Guess? from $16.00 to $17.00 and gave the stock a “buy” rating in a research report on Monday, August 21st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $13.77.
Shares of Guess? (NYSE:GES) opened at 17.44 on Thursday. Guess? has a one year low of $9.56 and a one year high of $17.54. The stock has a market capitalization of $1.45 billion, a P/E ratio of 161.48 and a beta of 0.41. The company’s 50-day moving average is $14.53 and its 200-day moving average is $12.29.
Guess? (NYSE:GES) last posted its quarterly earnings data 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 net margin of 0.43% and a return on equity of 4.14%. The firm had revenue of $573.69 million for the quarter, compared to analyst estimates of $559.82 million. During the same period last year, the firm posted $0.14 EPS. Guess?’s quarterly revenue was up 5.3% on a year-over-year basis. On average, equities research analysts anticipate that Guess? will post $0.58 earnings per share for the current year.
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In related news, Director Kay Isaacson-Leibowitz sold 6,000 shares of the business’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $16.03, for a total value of $96,180.00. Following the completion of the transaction, the director now owns 42,433 shares of the company’s stock, valued at approximately $680,200.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 29.60% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. FMR LLC increased its stake in shares of Guess? by 1.2% during the 1st quarter. FMR LLC now owns 12,643,167 shares of the company’s stock valued at $140,971,000 after acquiring an additional 147,447 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Guess? by 11.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,080,922 shares of the company’s stock valued at $78,952,000 after acquiring an additional 717,390 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Guess? by 6.6% during the 1st quarter. Vanguard Group Inc. now owns 5,597,271 shares of the company’s stock valued at $62,410,000 after acquiring an additional 345,970 shares during the last quarter. State Street Corp increased its stake in shares of Guess? by 2.0% during the 2nd quarter. State Street Corp now owns 3,839,229 shares of the company’s stock valued at $49,066,000 after acquiring an additional 75,571 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Guess? by 59.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,755,938 shares of the company’s stock valued at $35,222,000 after acquiring an additional 1,028,389 shares during the last quarter. 79.49% of the stock is owned by hedge funds and other institutional investors.
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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