Shares of Guess?, Inc. (NYSE:GES) have received an average recommendation of “Buy” from the six brokerages that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $23.50.
GES has been the topic of several research analyst reports. ValuEngine lowered Guess? from a “buy” rating to a “hold” rating in a research note on Thursday, March 21st. Jefferies Financial Group set a $24.00 price target on Guess? and gave the stock a “buy” rating in a research note on Thursday, March 21st. Telsey Advisory Group reissued a “market perform” rating and set a $19.00 price target (down previously from $22.00) on shares of Guess? in a research note on Tuesday, April 23rd. Zacks Investment Research lowered Guess? from a “hold” rating to a “sell” rating in a research note on Tuesday, January 29th. Finally, B. Riley set a $29.00 price target on Guess? and gave the stock a “buy” rating in a research note on Friday.
Large investors have recently made changes to their positions in the company. Meeder Asset Management Inc. purchased a new stake in shares of Guess? during the 1st quarter worth approximately $29,000. NumerixS Investment Technologies Inc purchased a new stake in shares of Guess? during the 4th quarter worth approximately $34,000. Macquarie Group Ltd. purchased a new stake in shares of Guess? during the 1st quarter worth approximately $44,000. PNC Financial Services Group Inc. boosted its stake in shares of Guess? by 31.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,516 shares of the company’s stock worth $52,000 after acquiring an additional 598 shares in the last quarter. Finally, Pearl River Capital LLC acquired a new position in shares of Guess? during the 1st quarter worth approximately $60,000. 70.49% of the stock is currently owned by institutional investors and hedge funds.
Guess? (NYSE:GES) last announced its quarterly earnings data on Wednesday, March 20th. The company reported $0.70 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.05). The business had revenue of $837.00 million during the quarter, compared to analysts’ expectations of $831.15 million. Guess? had a net margin of 0.54% and a return on equity of 9.39%. Guess?’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.62 EPS. On average, sell-side analysts predict that Guess? will post 1.18 EPS for the current year.
Guess? Company Profile
Guess?, Inc designs, markets, distributes, and licenses lifestyle collections of apparel and accessories for men, women, and children. It operates through five segments: Americas Retail, Americas Wholesale, Europe, Asia, and Licensing. The company's clothing collection includes jeans, pants, skirts, dresses, shorts, blouses, shirts, jackets, knitwear, and intimate apparel.
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