Guess?, Inc. (GES) Earns Buy Rating from Analysts at Evercore ISI
Other equities research analysts have also recently issued reports about the company. Zacks Investment Research cut Guess? from a buy rating to a hold rating in a research note on Tuesday, August 8th. Standpoint Research cut Guess? from a buy rating to a hold rating and set a $13.91 price objective for the company. in a research note on Wednesday, August 9th. BidaskClub cut Guess? from a buy rating to a hold rating in a research note on Wednesday, July 12th. B. Riley reaffirmed a neutral rating and set a $12.00 target price on shares of Guess? in a report on Tuesday, May 30th. Finally, Cowen and Company raised their target price on Guess? from $10.00 to $11.00 and gave the stock a market perform rating in a report on Thursday, May 25th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $13.77.
Shares of Guess? (NYSE GES) opened at 16.26 on Friday. Guess? has a 52 week low of $9.56 and a 52 week high of $18.40. The firm has a 50-day moving average of $12.97 and a 200 day moving average of $11.97. The firm has a market cap of $1.34 billion, a PE ratio of 149.17 and a beta of 0.42.
Guess? (NYSE:GES) last issued its quarterly earnings data on Wednesday, August 23rd. The company reported $0.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.09. The business had revenue of $573.69 million for the quarter, compared to analysts’ expectations of $559.82 million. Guess? had a return on equity of 4.16% and a net margin of 0.43%. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.14 EPS. Equities research analysts predict that Guess? will post $0.52 EPS for the current fiscal year.
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The firm also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Wednesday, September 6th will be paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.54%. The ex-dividend date is Friday, September 1st. Guess?’s dividend payout ratio is presently 818.18%.
In related news, CEO Amigo Victor Herrero acquired 3,274 shares of the business’s stock in a transaction on Monday, June 26th. The shares were bought at an average cost of $11.70 per share, with a total value of $38,305.80. Following the completion of the transaction, the chief executive officer now directly owns 392,848 shares of the company’s stock, valued at approximately $4,596,321.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 29.60% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. FNY Managed Accounts LLC purchased a new position in Guess? during the first quarter worth approximately $100,000. Cubist Systematic Strategies LLC acquired a new position in shares of Guess? during the second quarter worth about $129,000. FNY Partners Fund LP boosted its position in shares of Guess? by 66.7% in the first quarter. FNY Partners Fund LP now owns 10,400 shares of the company’s stock worth $115,000 after buying an additional 4,160 shares in the last quarter. Bank of The West acquired a new position in shares of Guess? during the second quarter worth about $140,000. Finally, Northwestern Mutual Investment Management Company LLC acquired a new position in shares of Guess? during the second quarter worth about $166,000. Institutional investors own 79.54% of the company’s stock.
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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