Guess?, Inc. (NYSE:GES) Given a $11.00 Price Target at Cowen and Company
Several other equities research analysts have also recently issued reports on GES. B. Riley reiterated a neutral rating and set a $12.00 price objective on shares of Guess? in a research report on Sunday, June 4th. FBR & Co set a $16.00 target price on shares of Guess? and gave the company a buy rating in a report on Saturday, July 22nd. BidaskClub raised shares of Guess? from a hold rating to a buy rating in a report on Friday, June 30th. Jefferies Group LLC cut their target price on shares of Guess? from $12.00 to $11.00 and set a hold rating for the company in a report on Thursday, May 25th. Finally, Zacks Investment Research raised shares of Guess? from a sell rating to a hold rating in a report on Monday, May 22nd. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. Guess? currently has an average rating of Hold and an average target price of $12.78.
Guess? (NYSE:GES) opened at 13.06 on Friday. The stock has a market cap of $1.09 billion, a PE ratio of 41.86 and a beta of 0.41. The firm has a 50-day moving average of $12.21 and a 200-day moving average of $11.85. Guess? has a 1-year low of $9.56 and a 1-year high of $18.68.
Guess? (NYSE:GES) last released its quarterly earnings data on Wednesday, May 24th. The company reported ($0.24) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.32) by $0.08. The firm had revenue of $458.60 million for the quarter, compared to analysts’ expectations of $449.22 million. Guess? had a net margin of 1.20% and a return on equity of 3.67%. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter last year, the business posted ($0.23) earnings per share. Analysts expect that Guess? will post $0.40 EPS for the current fiscal year.
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In other news, CEO Amigo Victor Herrero acquired 3,274 shares of the company’s stock in a transaction on Monday, June 26th. The stock was bought at an average cost of $11.70 per share, with a total value of $38,305.80. Following the completion of the purchase, the chief executive officer now directly owns 392,848 shares of the company’s stock, valued at $4,596,321.60. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 29.60% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of GES. Sigma Planning Corp raised its position in Guess? by 3.7% in the first quarter. Sigma Planning Corp now owns 18,900 shares of the company’s stock valued at $211,000 after buying an additional 675 shares during the last quarter. FMR LLC raised its stake in shares of Guess? by 1.2% in the first quarter. FMR LLC now owns 12,643,167 shares of the company’s stock worth $140,971,000 after buying an additional 147,447 shares in the last quarter. Thrivent Financial for Lutherans bought a new stake in shares of Guess? during the fourth quarter worth about $405,000. Bank of New York Mellon Corp raised its stake in shares of 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 in the last quarter. Finally, Norges Bank bought a new stake in shares of Guess? during the fourth quarter worth about $1,932,000. 78.15% of the stock is owned by institutional investors.
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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