B. Riley reissued their hold rating on shares of Guess? (NYSE:GES) in a report issued on Tuesday, January 9th. B. Riley currently has a $17.00 target price on the stock.
A number of other research firms have also issued reports on GES. Cowen reiterated a hold rating and set a $17.00 price objective on shares of Guess? in a research note on Wednesday, November 22nd. Zacks Investment Research upgraded shares of Guess? from a hold rating to a buy rating and set a $20.00 price objective on the stock in a research note on Thursday, November 23rd. Finally, Jefferies Group reiterated a hold rating and set a $13.00 price objective on shares of Guess? in a research note on Thursday, September 28th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $15.21.
Guess? (NYSE GES) traded down $0.50 during midday trading on Tuesday, reaching $14.61. 5,081,830 shares of the company traded hands, compared to its average volume of 977,614. Guess? has a 52-week low of $9.56 and a 52-week high of $19.62. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.58 and a quick ratio of 1.36. The stock has a market capitalization of $1,202.02, a price-to-earnings ratio of -365.25, a price-to-earnings-growth ratio of 1.00 and a beta of 0.42.
Guess? (NYSE:GES) last posted its quarterly earnings results on Tuesday, November 21st. The company reported $0.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.01. Guess? had a negative net margin of 0.10% and a positive return on equity of 4.35%. The firm had revenue of $554.00 million for the quarter, compared to analyst estimates of $569.75 million. During the same quarter last year, the firm posted $0.11 earnings per share. Guess?’s revenue for the quarter was up 3.3% compared to the same quarter last year. sell-side analysts anticipate that Guess? will post 0.61 earnings per share for the current fiscal year.
In other news, Director Kay Isaacson-Leibowitz sold 4,000 shares of Guess? stock in a transaction that occurred on Wednesday, December 20th. The shares were sold at an average price of $17.73, for a total transaction of $70,920.00. Following the sale, the director now owns 38,433 shares in the company, valued at $681,417.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 29.60% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in GES. Russell Investments Group Ltd. grew its position in shares of Guess? by 1,461.9% during the second quarter. Russell Investments Group Ltd. now owns 15,400 shares of the company’s stock worth $197,000 after buying an additional 14,414 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in shares of 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 buying an additional 653,957 shares in the last quarter. Legal & General Group Plc grew its position in shares of Guess? by 1.4% during the second quarter. Legal & General Group Plc now owns 183,896 shares of the company’s stock worth $2,350,000 after buying an additional 2,514 shares in the last quarter. BNP Paribas Arbitrage SA grew its position in shares of Guess? by 23.4% during the second quarter. BNP Paribas Arbitrage SA now owns 35,908 shares of the company’s stock worth $459,000 after buying an additional 6,810 shares in the last quarter. Finally, Northwestern Mutual Investment Management Company LLC acquired a new stake in shares of Guess? during the second quarter worth approximately $166,000. 82.38% of the stock is owned by institutional investors and hedge funds.
COPYRIGHT VIOLATION NOTICE: This piece of content was originally published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this piece of content on another publication, it was illegally copied and republished in violation of US and international copyright laws. The original version of this piece of content can be read at https://www.dispatchtribunal.com/2018/02/04/b-riley-reaffirms-hold-rating-for-guess-ges.html.
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.
Receive News & Ratings for Guess? Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Guess? and related companies with MarketBeat.com's FREE daily email newsletter.