Guess? (GES) Lowered to “Hold” at Zacks Investment Research
Zacks Investment Research downgraded shares of Guess? (NYSE:GES) from a buy rating to a hold rating in a research note published on Friday morning.
According to Zacks, “Shares of Guess? have outperformed the industry over the past six months, courtesy of a solid surprise history. The third quarter of fiscal 2018 marked the company’s third-consecutive earnings beat. During the quarter the company’s performance mainly gained from continued strength in European and Asia business segments. The regions have been depicting robust growth backed by store openings, positive comps and wholesale growth. Driven by such upsides, management raised fiscal 2018 earnings view. Further, management is optimistic about e-commerce business that has been improving steadily. However, Guess? has been facing a tough retail environment in the Americas, due to lower consumer spending. As a result, the company has resorted to store closures in these regions to focus on other prospective areas. Also, the company remains exposed to the unfavorable currency fluctuations.”
A number of other research firms have also recently commented on GES. Cowen restated a hold rating and issued a $17.00 price objective on shares of Guess? in a research report on Wednesday, November 22nd. B. Riley began coverage on Guess? in a research report on Friday, December 22nd. They issued a neutral rating and a $17.00 price objective for the company. Finally, Jefferies Group restated a hold rating and issued a $13.00 price objective on shares of Guess? in a research report on Thursday, September 28th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. Guess? has an average rating of Hold and an average target price of $15.21.
Guess? (NYSE:GES) traded up $0.19 during trading on Friday, hitting $17.52. The stock had a trading volume of 1,042,429 shares, compared to its average volume of 808,162. The stock has a market capitalization of $1,425.81, a PE ratio of -438.00, a PEG ratio of 1.62 and a beta of 0.42. Guess? has a 1-year low of $9.56 and a 1-year high of $18.30. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.58 and a quick ratio of 1.36.
Guess? (NYSE:GES) last posted its quarterly earnings data on Tuesday, November 21st. The company reported $0.12 EPS for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.01. The business had revenue of $554.00 million during the quarter, compared to analysts’ expectations of $569.75 million. Guess? had a positive return on equity of 4.35% and a negative net margin of 0.10%. The business’s revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.11 earnings per share. equities analysts forecast that Guess? will post 0.61 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, January 3rd. Stockholders of record on Wednesday, December 13th were paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.14%. The ex-dividend date was Tuesday, December 12th. Guess?’s dividend payout ratio is presently -2,250.00%.
In other news, Director Kay Isaacson-Leibowitz sold 4,000 shares of Guess? stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $17.73, for a total value of $70,920.00. Following the sale, the director now directly owns 38,433 shares of the company’s stock, valued at $681,417.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 29.60% of the company’s stock.
Several large investors have recently modified their holdings of GES. Russell Investments Group Ltd. boosted its stake in shares of Guess? by 1,461.9% in the second quarter. Russell Investments Group Ltd. now owns 15,400 shares of the company’s stock worth $197,000 after acquiring an additional 14,414 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of Guess? by 192.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 993,471 shares of the company’s stock worth $12,697,000 after acquiring an additional 653,957 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of Guess? by 1.4% in the second quarter. Legal & General Group Plc now owns 183,896 shares of the company’s stock worth $2,350,000 after acquiring an additional 2,514 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of Guess? by 23.4% in the second quarter. BNP Paribas Arbitrage SA now owns 35,908 shares of the company’s stock worth $459,000 after acquiring an additional 6,810 shares during the last quarter. Finally, Northwestern Mutual Investment Management Company LLC acquired a new stake in shares of Guess? in the second quarter worth approximately $166,000. 82.38% of the stock is currently owned by hedge funds and other institutional investors.
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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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