Guess?, Inc. (GES) Gains “Purchase” Rating from Wunderlich

Guess?, Inc. (GES) Gains “Purchase” Rating from Wunderlich

Guess?, Inc. (NYSE:GES)‘s stock had its “buy” rating reaffirmed by analysts at Wunderlich in a report issued on Tuesday. They currently have a $15.00 price objective on the stock. Wunderlich’s target price points to a potential upside of 38.25% from the stock’s previous close.

A number of other research firms have also recently weighed in on GES. B. Riley reaffirmed a “buy” rating and set a $17.00 price objective on shares of Guess? in a research report on Thursday, December 1st. Mizuho decreased their price objective on Guess? from $17.00 to $14.00 and set a “neutral” rating for the company in a research report on Thursday, December 1st. Jefferies Group LLC set a $15.00 price objective on Guess? and gave the stock a “hold” rating in a research report on Thursday, December 1st. Zacks Investment Research raised Guess? from a “sell” rating to a “hold” rating in a research report on Wednesday, February 22nd. Finally, Cowen and Company decreased their price objective on Guess? from $16.00 to $10.00 and set a “market perform” rating for the company in a research report on Thursday, March 16th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company. Guess? has an average rating of “Hold” and an average price target of $13.53.

Shares of Guess? (NYSE:GES) traded up 0.28% during mid-day trading on Tuesday, hitting $10.85. The stock had a trading volume of 1,555,770 shares. The stock has a 50 day moving average price of $12.33 and a 200-day moving average price of $13.43. The company has a market cap of $908.88 million, a PE ratio of 40.19 and a beta of 0.63. Guess? has a 52-week low of $10.29 and a 52-week high of $19.04.

Guess? (NYSE:GES) last posted its quarterly earnings data on Wednesday, March 15th. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by $0.03. Guess? had a return on equity of 4.84% and a net margin of 2.92%. The company had revenue of $679.27 million for the quarter, compared to analyst estimates of $689.05 million. During the same period in the previous year, the business posted $0.57 earnings per share. The firm’s revenue was up 3.2% compared to the same quarter last year. On average, equities analysts expect that Guess? will post $0.33 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 13th. Investors of record on Wednesday, March 29th will be paid a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 8.29%. The ex-dividend date is Monday, March 27th. Guess?’s payout ratio is currently 118.42%.

In other news, CEO Amigo Victor Herrero acquired 2,724 shares of the company’s stock in a transaction that occurred on Tuesday, January 3rd. The stock was purchased at an average cost of $12.25 per share, with a total value of $33,369.00. Following the purchase, the chief executive officer now directly owns 337,427 shares of the company’s stock, valued at approximately $4,133,480.75. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 28.80% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Fund Advisors increased its position in Guess? by 3.5% in the third quarter. BlackRock Fund Advisors now owns 6,770,607 shares of the company’s stock valued at $98,919,000 after buying an additional 229,890 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Guess? by 2.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,363,532 shares of the company’s stock valued at $76,999,000 after buying an additional 144,162 shares during the last quarter. RidgeWorth Capital Management LLC increased its position in Guess? by 2.9% in the fourth quarter. RidgeWorth Capital Management LLC now owns 2,925,808 shares of the company’s stock valued at $35,402,000 after buying an additional 81,761 shares during the last quarter. Bank of New York Mellon Corp increased its position in Guess? by 0.6% in the third quarter. Bank of New York Mellon Corp now owns 1,193,081 shares of the company’s stock valued at $17,432,000 after buying an additional 7,241 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in Guess? by 34.7% in the third quarter. Wells Fargo & Company MN now owns 855,755 shares of the company’s stock valued at $12,503,000 after buying an additional 220,373 shares during the last quarter. 75.26% of the stock is owned by hedge funds and other institutional investors.

Guess? Company Profile

Guess?, Inc designs, markets, distributes and licenses a lifestyle collection of apparel and accessories for men, women and children. The Company operates through five segments: Americas Retail, which includes its retail and e-commerce operations in North and Central America and its retail operations in South America; Europe, which includes its wholesale, retail and e-commerce operations in Europe and the Middle East; Asia, which includes its retail, e-commerce and wholesale operations in Asia; Americas Wholesale, which includes its wholesale operations in the Americas, and Licensing, which includes licensing operations of the Company across the world.

Related posts

Leave a Comment