Guess? (NYSE:GES) Rating Increased to Strong-Buy at Zacks Research

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

Several other analysts have also issued reports on GES. Telsey Advisory Group reiterated a “market perform” rating and set a $16.75 target price on shares of Guess? in a report on Wednesday, November 26th. Weiss Ratings restated a “hold (c)” rating on shares of Guess? in a report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $16.75.

Guess? Stock Performance

Guess? stock opened at $16.84 on Tuesday. Guess? has a 1 year low of $8.48 and a 1 year high of $17.15. The company has a market cap of $877.98 million, a PE ratio of 15.17 and a beta of 0.96. The company has a current ratio of 1.63, a quick ratio of 0.79 and a debt-to-equity ratio of 1.14. The company’s 50-day moving average is $16.88 and its two-hundred day moving average is $15.90.

Guess? (NYSE:GES) last issued its earnings results on Tuesday, November 25th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.25 by $0.10. Guess? had a net margin of 2.56% and a return on equity of 16.11%. The firm had revenue of $791.43 million during the quarter, compared to the consensus estimate of $767.93 million. During the same quarter in the prior year, the firm earned $0.34 earnings per share. The business’s quarterly revenue was up 7.1% on a year-over-year basis. Equities analysts anticipate that Guess? will post 1.92 earnings per share for the current year.

Institutional Trading of Guess?

Several hedge funds have recently modified their holdings of the stock. Advisory Services Network LLC acquired a new stake in shares of Guess? in the 3rd quarter valued at about $38,000. FNY Investment Advisers LLC bought a new position in shares of Guess? in the 3rd quarter worth $50,000. Longfellow Investment Management Co. LLC bought a new stake in Guess? during the 3rd quarter valued at $110,000. GAMMA Investing LLC raised its holdings in Guess? by 193.9% during the second quarter. GAMMA Investing LLC now owns 6,809 shares of the company’s stock worth $82,000 after buying an additional 4,492 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its stake in shares of Guess? by 9.5% in the third quarter. Oregon Public Employees Retirement Fund now owns 6,912 shares of the company’s stock valued at $116,000 after buying an additional 600 shares in the last quarter. Institutional investors own 61.74% of the company’s stock.

Guess? Company Profile

Guess?, Inc is a global fashion brand known for its lifestyle apparel, footwear and accessories. The company designs, markets and distributes a portfolio of apparel products under various brands, including its flagship Guess line and the premium Marciano label. Through its vertically integrated business model, Guess? oversees product development, manufacturing arrangements, marketing and distribution across wholesale and retail channels.

Guess?’s product offerings span denim, ready-to-wear, handbags, watches, jewelry and footwear for men, women and children.