Guess?, Inc. (NYSE:GES) Given Consensus Rating of “Hold” by Brokerages

Guess?, Inc. (NYSE:GES) has earned an average recommendation of “Hold” from the six analysts that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $24.00.

Several research analysts have weighed in on GES shares. Zacks Investment Research upgraded Guess? from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 21st. Telsey Advisory Group reaffirmed a “market perform” rating and set a $19.00 price objective (down from $22.00) on shares of Guess? in a report on Tuesday, April 23rd. B. Riley set a $29.00 price objective on Guess? and gave the stock a “buy” rating in a report on Friday, May 17th. Finally, ValuEngine cut Guess? from a “hold” rating to a “sell” rating in a report on Monday, May 20th.

GES stock traded up $0.67 during midday trading on Friday, hitting $16.44. The company’s stock had a trading volume of 1,143,736 shares, compared to its average volume of 1,169,233. Guess? has a 12 month low of $13.88 and a 12 month high of $26.95. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.42 and a quick ratio of 0.68. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of 16.78, a price-to-earnings-growth ratio of 0.77 and a beta of 0.41. The business has a 50 day moving average price of $15.96.

Guess? (NYSE:GES) last posted its quarterly earnings results on Thursday, June 6th. The company reported ($0.25) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.26) by $0.01. Guess? had a return on equity of 10.10% and a net margin of 0.53%. The business had revenue of $537.00 million during the quarter, compared to the consensus estimate of $536.78 million. During the same period in the prior year, the company posted ($0.23) EPS. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. On average, analysts expect that Guess? will post 1.26 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 5th. Stockholders of record on Wednesday, June 19th were issued a dividend of $0.112 per share. The ex-dividend date was Tuesday, June 18th. This represents a $0.45 annualized dividend and a dividend yield of 2.73%. Guess?’s dividend payout ratio (DPR) is 45.92%.

In other news, Director Gianluca Bolla acquired 10,000 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The shares were acquired at an average cost of $14.73 per share, with a total value of $147,300.00. Following the acquisition, the director now directly owns 85,552 shares of the company’s stock, valued at $1,260,180.96. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Carlos Alberini acquired 347,353 shares of the firm’s stock in a transaction dated Thursday, June 13th. The shares were purchased at an average cost of $14.32 per share, for a total transaction of $4,974,094.96. The disclosure for this purchase can be found here. 34.90% of the stock is owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC raised its position in shares of Guess? by 5.9% in the 4th quarter. Geode Capital Management LLC now owns 605,215 shares of the company’s stock valued at $12,570,000 after buying an additional 33,856 shares in the last quarter. Principal Financial Group Inc. increased its position in Guess? by 0.8% during the 4th quarter. Principal Financial Group Inc. now owns 462,295 shares of the company’s stock worth $9,602,000 after purchasing an additional 3,551 shares in the last quarter. Bank of America Corp DE increased its position in Guess? by 111.2% during the 4th quarter. Bank of America Corp DE now owns 174,291 shares of the company’s stock worth $3,620,000 after purchasing an additional 91,773 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its position in Guess? by 336.5% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 18,670 shares of the company’s stock worth $388,000 after purchasing an additional 14,393 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan acquired a new position in Guess? during the 4th quarter worth approximately $343,000. Institutional investors own 75.99% 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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