Guess? (NYSE:GES) Stock Rating Upgraded by Zacks Research

Guess? (NYSE:GES) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.

A number of other equities research analysts also recently commented on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Guess? in a report on Monday, December 29th. Telsey Advisory Group reiterated a “market perform” rating and issued a $16.75 price target on shares of Guess? in a report on Wednesday, November 26th. One analyst has rated the stock with a Strong Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Guess? has an average rating of “Hold” and an average price target of $16.75.

Guess? Trading Down 0.2%

Shares of Guess? stock opened at $16.84 on Tuesday. The company has a current ratio of 1.63, a quick ratio of 0.79 and a debt-to-equity ratio of 1.14. The company has a fifty day simple moving average of $16.88 and a 200-day simple moving average of $15.90. The stock has a market cap of $877.98 million, a price-to-earnings ratio of 15.17 and a beta of 0.96. Guess? has a 12-month low of $8.48 and a 12-month high of $17.15.

Guess? (NYSE:GES) last announced its quarterly earnings results on Tuesday, November 25th. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.10. The firm had revenue of $791.43 million during the quarter, compared to analysts’ expectations of $767.93 million. Guess? had a net margin of 2.56% and a return on equity of 16.11%. Guess?’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.34 earnings per share. On average, equities analysts forecast that Guess? will post 1.92 EPS for the current fiscal year.

Institutional Investors Weigh In On Guess?

Hedge funds and other institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC lifted its stake in Guess? by 41.0% in the 4th quarter. SG Americas Securities LLC now owns 110,797 shares of the company’s stock worth $1,856,000 after acquiring an additional 32,199 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Guess? by 0.4% in the third quarter. JPMorgan Chase & Co. now owns 261,185 shares of the company’s stock worth $4,364,000 after purchasing an additional 925 shares during the period. FNY Investment Advisers LLC acquired a new stake in Guess? in the 3rd quarter valued at approximately $50,000. Advisory Services Network LLC acquired a new position in Guess? during the 3rd quarter valued at $38,000. Finally, First Trust Capital Management L.P. acquired a new stake in Guess? during the third quarter worth about $1,150,000. 61.74% of the stock is currently owned by institutional investors.

Guess? Company Profile

Guess?, Inc is a global fashion brand known for its lifestyle apparel, footwear and accessories. The company designs, markets and distributes a portfolio of apparel products under various brands, including its flagship Guess line and the premium Marciano label. Through its vertically integrated business model, Guess? oversees product development, manufacturing arrangements, marketing and distribution across wholesale and retail channels.

Guess?’s product offerings span denim, ready-to-wear, handbags, watches, jewelry and footwear for men, women and children.