Cowen and Company reaffirmed their hold rating on shares of Guess?, Inc. (NYSE:GES) in a report issued on Wednesday. Cowen and Company currently has a $17.00 price target on the stock.

Several other research analysts have also commented on GES. B. Riley reiterated a buy rating on shares of Guess? in a research report on Wednesday, November 1st. Standpoint Research lowered Guess? from a buy rating to a hold rating and set a $13.91 price target for the company. in a research report on Wednesday, August 9th. Zacks Investment Research lowered Guess? from a buy rating to a hold rating in a research report on Tuesday, August 8th. BidaskClub lowered Guess? from a buy rating to a hold rating in a research 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 research report on Wednesday, August 16th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $14.10.

Guess? (NYSE GES) opened at $15.62 on Wednesday. The company has a market capitalization of $1,494.65, a PE ratio of 37.40, a P/E/G ratio of 1.80 and a beta of 0.41. Guess? has a 12-month low of $9.56 and a 12-month high of $18.30. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.78 and a quick ratio of 1.62.

Guess? (NYSE:GES) last released its quarterly earnings results on Tuesday, November 21st. The company reported $0.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.01. The company had revenue of $554.00 million during the quarter, compared to analyst estimates of $569.75 million. Guess? had a positive return on equity of 4.32% and a negative net margin of 0.10%. The firm’s revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the business posted $0.11 earnings per share. analysts expect that Guess? will post 0.57 EPS for the current year.

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The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Wednesday, December 13th will be given a dividend of $0.225 per share. The ex-dividend date of this dividend is Tuesday, December 12th. This represents a $0.90 annualized dividend and a dividend yield of 5.76%. Guess?’s dividend payout ratio (DPR) is presently -2,250.00%.

In related news, Director Kay Isaacson-Leibowitz sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $16.03, for a total value of $96,180.00. Following the completion of the sale, the director now owns 42,433 shares in the company, valued at $680,200.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 29.60% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in GES. Bank of New York Mellon Corp boosted its holdings 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 purchasing an additional 1,028,389 shares during the period. Divisar Capital Management LLC boosted its holdings in shares of Guess? by 843.7% in the second quarter. Divisar Capital Management LLC now owns 943,671 shares of the company’s stock valued at $12,060,000 after purchasing an additional 843,671 shares during the period. Majedie Asset Management Ltd purchased a new stake in shares of Guess? in the third quarter valued at approximately $12,333,000. Schwab Charles Investment Management Inc. boosted its holdings 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 purchasing an additional 653,957 shares during the period. Finally, Columbus Circle Investors purchased a new stake in shares of Guess? in the third quarter valued at approximately $8,250,000. Hedge funds and other institutional investors own 77.88% of the company’s stock.

About Guess?

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)

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