Guess? (NYSE:GES) Rating Lowered to “Hold” at Zacks Research

Guess? (NYSE:GES) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Wednesday,Zacks.com reports.

GES has been the topic of several other reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Guess? in a report on Wednesday, October 8th. Small Cap Consu downgraded shares of Guess? from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 28th. Telsey Advisory Group reiterated a “market perform” rating and set a $16.75 price target on shares of Guess? in a report on Thursday, August 28th. Finally, UBS Group raised their target price on Guess? from $13.00 to $16.75 and gave the stock a “neutral” rating in a research report on Thursday, August 28th. Five research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $16.75.

Guess? Trading Down 0.4%

Shares of GES traded down $0.07 on Wednesday, hitting $16.94. 399,942 shares of the stock traded hands, compared to its average volume of 1,081,570. The company has a quick ratio of 0.76, a current ratio of 1.52 and a debt-to-equity ratio of 1.10. Guess? has a 1 year low of $8.48 and a 1 year high of $18.07. The stock’s 50 day moving average is $16.84 and its two-hundred day moving average is $14.27. The firm has a market capitalization of $883.19 million, a P/E ratio of 105.85 and a beta of 1.28.

Guess? (NYSE:GES) last issued its quarterly earnings results on Wednesday, August 27th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.16 by $0.10. The business had revenue of $772.94 million for the quarter, compared to analysts’ expectations of $758.72 million. Guess? had a net margin of 1.01% and a return on equity of 16.44%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.42 earnings per share. As a group, sell-side analysts predict that Guess? will post 1.92 earnings per share for the current year.

Institutional Investors Weigh In On Guess?

Several hedge funds have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Guess? during the second quarter valued at approximately $11,727,000. Senvest Management LLC bought a new stake in Guess? during the second quarter worth about $8,251,000. ABC Arbitrage SA bought a new position in shares of Guess? in the third quarter worth about $6,079,000. Alpine Associates Management Inc. bought a new stake in shares of Guess? during the third quarter worth about $5,772,000. Finally, Alberta Investment Management Corp bought a new position in Guess? during the 3rd quarter worth approximately $5,479,000. Institutional investors and hedge funds own 61.74% of the company’s stock.

About Guess?

Guess?, Inc designs, markets, distributes, and licenses lifestyle collections of apparel and accessories for men, women, and children. It operates through five segments: Americas Retail, Americas Wholesale, Europe, Asia, and Licensing. The company’s clothing collection includes jeans, pants, skirts, dresses, shorts, blouses, shirts, jackets, activewear, knitwear, and intimate apparel.