Wall Street analysts expect Guess?, Inc. (NYSE:GES) to report $750.61 million in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Guess?’s earnings. The lowest sales estimate is $749.21 million and the highest is $752.00 million. Guess? reported sales of $679.27 million during the same quarter last year, which indicates a positive year-over-year growth rate of 10.5%. The firm is expected to issue its next earnings results after the market closes on Wednesday, March 21st.
According to Zacks, analysts expect that Guess? will report full year sales of $750.61 million for the current year. For the next financial year, analysts anticipate that the company will report sales of $2.47 billion per share, with estimates ranging from $2.45 billion to $2.48 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Guess?.
GES has been the topic of several recent analyst reports. B. Riley reiterated a “hold” rating and set a $17.00 price objective on shares of Guess? in a research report on Tuesday, January 9th. Zacks Investment Research cut shares of Guess? from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Finally, Cowen reiterated a “hold” rating and set a $17.00 price objective on shares of Guess? in a research report on Wednesday, November 22nd. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Guess? currently has an average rating of “Buy” and a consensus target price of $15.74.
In related news, Director Kay Isaacson-Leibowitz sold 4,000 shares of the business’s stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $17.73, for a total value of $70,920.00. Following the sale, the director now owns 38,433 shares in the company, valued at $681,417.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 29.60% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. MetLife Investment Advisors LLC bought a new stake in Guess? in the fourth quarter worth $515,000. Castleark Management LLC increased its position in Guess? by 14.2% in the fourth quarter. Castleark Management LLC now owns 815,875 shares of the company’s stock worth $13,772,000 after purchasing an additional 101,195 shares during the last quarter. Macquarie Group Ltd. increased its position in Guess? by 114.4% in the fourth quarter. Macquarie Group Ltd. now owns 222,539 shares of the company’s stock worth $3,756,000 after purchasing an additional 118,739 shares during the last quarter. Jane Street Group LLC increased its position in Guess? by 96.6% in the fourth quarter. Jane Street Group LLC now owns 25,168 shares of the company’s stock worth $425,000 after purchasing an additional 12,368 shares during the last quarter. Finally, Millennium Management LLC bought a new stake in Guess? in the fourth quarter worth $1,124,000. Institutional investors own 82.35% of the company’s stock.
Shares of Guess? (NYSE:GES) opened at $15.01 on Friday. The stock has a market cap of $1,261.26, a P/E ratio of -375.25, a PEG ratio of 0.99 and a beta of 0.54. The company has a current ratio of 2.58, a quick ratio of 1.36 and a debt-to-equity ratio of 0.04. Guess? has a 1 year low of $9.56 and a 1 year high of $19.62.
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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.
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