Guess?, Inc. (GES) Lowered to “Hold” at BidaskClub
Guess?, Inc. (NYSE:GES) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.
Several other research analysts also recently commented on GES. Jefferies Group LLC set a $12.00 target price on Guess? and gave the stock a “hold” rating in a research note on Thursday, May 4th. Zacks Investment Research upgraded Guess? from a “sell” rating to a “hold” rating in a research note on Monday, May 22nd. Cowen and Company boosted their price target on Guess? from $10.00 to $11.00 and gave the company a “market perform” rating in a research note on Thursday, May 25th. B. Riley restated a “neutral” rating and issued a $12.00 price target on shares of Guess? in a research note on Tuesday, May 30th. Finally, FBR & Co initiated coverage on Guess? in a research note on Tuesday, July 11th. They issued an “outperform” rating and a $16.00 price target for the company. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $12.89.
Guess? (GES) traded up 0.78% during midday trading on Wednesday, hitting $12.97. The stock had a trading volume of 166,855 shares. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 41.57 and a beta of 0.42. Guess? has a 1-year low of $9.56 and a 1-year high of $18.68. The firm has a 50-day moving average price of $12.82 and a 200-day moving average price of $11.93.
Guess? (NYSE:GES) last issued its earnings results on Wednesday, May 24th. The company reported ($0.24) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.32) by $0.08. Guess? had a return on equity of 3.67% and a net margin of 1.20%. The company had revenue of $458.60 million during the quarter, compared to the consensus estimate of $449.22 million. During the same period in the previous year, the company posted ($0.23) EPS. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. On average, equities research analysts anticipate that Guess? will post $0.40 earnings per share for the current year.
In related news, CEO Amigo Victor Herrero bought 3,274 shares of the business’s stock in a transaction dated Monday, June 26th. The stock was purchased at an average cost of $11.70 per share, for a total transaction of $38,305.80. Following the transaction, the chief executive officer now owns 392,848 shares in the company, valued at approximately $4,596,321.60. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 29.60% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp increased its stake in Guess? by 2.1% in the first quarter. Bank of New York Mellon Corp now owns 1,727,549 shares of the company’s stock worth $19,262,000 after buying an additional 35,422 shares during the last quarter. Advisors Asset Management Inc. increased its stake in Guess? by 15.4% in the first quarter. Advisors Asset Management Inc. now owns 1,300,431 shares of the company’s stock worth $14,500,000 after buying an additional 173,880 shares during the last quarter. First Trust Advisors LP increased its stake in Guess? by 101.3% in the first quarter. First Trust Advisors LP now owns 600,704 shares of the company’s stock worth $6,698,000 after buying an additional 302,218 shares during the last quarter. Commerzbank Aktiengesellschaft FI bought a new stake in Guess? during the first quarter worth $472,000. Finally, OLD National Bancorp IN increased its stake in Guess? by 3.3% in the first quarter. OLD National Bancorp IN now owns 22,306 shares of the company’s stock worth $249,000 after buying an additional 718 shares during the last quarter. Hedge funds and other institutional investors own 80.34% 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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