Zacks Investment Research upgraded shares of Guess? (NYSE:GES) from a hold rating to a buy rating in a research report report published on Monday, December 18th. The brokerage currently has $18.00 target price on the stock.
According to Zacks, “Shares of Guess? have outperformed the industry over the past six months, courtesy of a solid surprise history. The third quarter of fiscal 2018 marked the company’s third-consecutive earnings beat. During the quarter the company’s performance mainly gained from continued strength in European and Asia business segments. The regions have been depicting robust growth backed by store openings, positive comps and wholesale growth. Driven by such upsides, management raised fiscal 2018 earnings view. Further, management is optimistic about e-commerce business that has been improving steadily. It also remains on track with cost reduction and margin expansion efforts. However, Guess? has been facing a tough retail environment in the Americas, due to lower consumer spending. As a result, the company has resorted to store closures in these regions to focus on other prospective areas.”
A number of other research firms have also weighed in on GES. Cowen reaffirmed a hold rating and set a $17.00 price objective on shares of Guess? in a research report on Wednesday, November 22nd. Jefferies Group reissued a hold rating and issued a $13.00 target price on shares of Guess? in a report on Thursday, September 28th. B. Riley reissued a buy rating on shares of Guess? in a report on Wednesday, November 1st. Evercore ISI began coverage on Guess? in a report on Friday, August 25th. They issued a buy rating for the company. Finally, Telsey Advisory Group raised their price target on Guess? from $12.00 to $15.00 and gave the stock a market perform rating in a research note on Thursday, August 24th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $15.21.
Shares of Guess? (NYSE GES) traded up $0.19 during trading hours on Monday, hitting $17.52. The stock had a trading volume of 1,042,429 shares, compared to its average volume of 808,162. Guess? has a 12-month low of $9.56 and a 12-month high of $18.30. The company has a market cap of $1,425.81, a price-to-earnings ratio of -438.00, a P/E/G ratio of 1.62 and a beta of 0.42. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.58 and a quick ratio of 1.36.
Guess? (NYSE:GES) last announced its earnings results on Tuesday, November 21st. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.01. Guess? had a positive return on equity of 4.35% and a negative net margin of 0.10%. The firm had revenue of $554.00 million during the quarter, compared to analyst estimates of $569.75 million. During the same quarter in the prior year, the company earned $0.11 EPS. The business’s revenue was up 3.3% compared to the same quarter last year. analysts forecast that Guess? will post 0.61 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 3rd. Shareholders of record on Wednesday, December 13th were issued a dividend of $0.225 per share. The ex-dividend date of this dividend was Tuesday, December 12th. This represents a $0.90 dividend on an annualized basis and a yield of 5.14%. Guess?’s dividend payout ratio is presently -2,250.00%.
In other Guess? news, Director Kay Isaacson-Leibowitz sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $17.73, for a total transaction of $70,920.00. Following the sale, the director now directly owns 38,433 shares of the company’s stock, valued at $681,417.09. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 29.60% of the stock is owned by company insiders.
Several hedge funds have recently modified their holdings of GES. Teachers Advisors LLC increased its holdings in shares of Guess? by 6.3% in the first quarter. Teachers Advisors LLC now owns 105,273 shares of the company’s stock worth $1,174,000 after purchasing an additional 6,213 shares during the last quarter. Aperio Group LLC increased its holdings in shares of Guess? by 39.7% in the second quarter. Aperio Group LLC now owns 39,039 shares of the company’s stock worth $499,000 after purchasing an additional 11,090 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Guess? by 1,461.9% in the second quarter. Russell Investments Group Ltd. now owns 15,400 shares of the company’s stock worth $197,000 after purchasing an additional 14,414 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its holdings in shares of Guess? by 115.7% in the second quarter. Municipal Employees Retirement System of Michigan now owns 30,260 shares of the company’s stock worth $387,000 after purchasing an additional 16,230 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in Guess? by 192.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 993,471 shares of the company’s stock worth $12,697,000 after acquiring an additional 653,957 shares during the last quarter. 82.38% of the stock is currently owned by hedge funds and other institutional investors.
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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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