B. Riley Reiterates Hold Rating for Guess? (NYSE:GES)

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.

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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.

Analyst Recommendations for Guess? (NYSE:GES)

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