Guess? (NYSE:GES) Lowered to Sell at ValuEngine

Guess? (NYSE:GES) was downgraded by equities research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Thursday, April 11th, ValuEngine reports.

Several other equities analysts have also recently commented on GES. Zacks Investment Research cut shares of Guess? from a “hold” rating to a “sell” rating in a research note on Tuesday, January 29th. Jefferies Financial Group upgraded shares of Guess? from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Thursday, February 7th. Two analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Guess? currently has an average rating of “Buy” and an average price target of $21.67.

GES stock traded down $0.22 during trading hours on Thursday, hitting $20.41. The company’s stock had a trading volume of 1,530,502 shares, compared to its average volume of 2,130,817. The company has a quick ratio of 1.14, a current ratio of 2.00 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of 20.83, a P/E/G ratio of 0.99 and a beta of 0.23. Guess? has a 12 month low of $16.41 and a 12 month high of $26.95.

Guess? (NYSE:GES) last issued its quarterly earnings data on Wednesday, March 20th. The company reported $0.70 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.05). The firm had revenue of $837.00 million during the quarter, compared to analyst estimates of $831.15 million. Guess? had a return on equity of 9.39% and a net margin of 0.54%. Guess?’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.62 earnings per share. On average, research analysts expect that Guess? will post 1.18 EPS for the current fiscal year.

Several hedge funds have recently made changes to their positions in GES. Norges Bank acquired a new position in shares of Guess? in the 4th quarter valued at $22,055,000. Kornitzer Capital Management Inc. KS acquired a new position in shares of Guess? in the 1st quarter valued at $7,133,000. Marshall Wace LLP bought a new stake in shares of Guess? in the 3rd quarter worth about $6,852,000. Bessemer Group Inc. grew its holdings in shares of Guess? by 41.8% in the 4th quarter. Bessemer Group Inc. now owns 764,463 shares of the company’s stock worth $15,878,000 after purchasing an additional 225,201 shares during the last quarter. Finally, BlackRock Inc. grew its holdings in shares of Guess? by 2.5% in the 4th quarter. BlackRock Inc. now owns 8,317,868 shares of the company’s stock worth $172,762,000 after purchasing an additional 201,200 shares during the last quarter. Institutional investors own 70.64% of the company’s stock.

Guess? Company Profile

Guess?, Inc designs, markets, distributes, and licenses lifestyle collections of apparel and accessories for men, women, and children. It operates through five segments: Americas Retail, Americas Wholesale, Europe, Asia, and Licensing. The company's clothing collection includes jeans, pants, skirts, dresses, shorts, blouses, shirts, jackets, knitwear, and intimate apparel.

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