Brokerages Set Guess?, Inc. (NYSE:GES) PT at $24.00

Guess?, Inc. (NYSE:GES) has received a consensus rating of “Hold” from the six analysts that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $24.00.

A number of analysts have recently commented on the stock. ValuEngine lowered shares of Guess? from a “hold” rating to a “sell” rating in a research report on Thursday, April 11th. B. Riley set a $29.00 target price on shares of Guess? and gave the stock a “buy” rating in a report on Friday, May 17th. Jefferies Financial Group set a $24.00 price objective on shares of Guess? and gave the company a “buy” rating in a report on Thursday, March 21st. Telsey Advisory Group reaffirmed a “market perform” rating and set a $19.00 price objective (down previously from $22.00) on shares of Guess? in a research report on Tuesday, April 23rd. Finally, Zacks Investment Research raised shares of Guess? from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 21st.

In other Guess? news, CEO Carlos Alberini bought 347,353 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The shares were purchased at an average cost of $14.32 per share, for a total transaction of $4,974,094.96. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Gianluca Bolla purchased 10,000 shares of the company’s stock in a transaction on Wednesday, June 12th. The shares were purchased at an average price of $14.73 per share, for a total transaction of $147,300.00. Following the purchase, the director now owns 85,552 shares in the company, valued at approximately $1,260,180.96. The disclosure for this purchase can be found here. Company insiders own 34.90% of the company’s stock.



A number of institutional investors have recently modified their holdings of the stock. Meeder Asset Management Inc. acquired a new stake in shares of Guess? during the 1st quarter worth $29,000. NumerixS Investment Technologies Inc bought a new position in Guess? in the fourth quarter worth about $34,000. PNC Financial Services Group Inc. increased its stake in shares of Guess? by 31.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,516 shares of the company’s stock valued at $52,000 after purchasing an additional 598 shares during the period. Pearl River Capital LLC acquired a new position in shares of Guess? during the first quarter valued at approximately $60,000. Finally, Oppenheimer Asset Management Inc. acquired a new position in shares of Guess? during the fourth quarter valued at approximately $73,000. Institutional investors own 76.96% of the company’s stock.

Shares of NYSE:GES opened at $14.23 on Friday. Guess? has a 52 week low of $13.88 and a 52 week high of $26.95. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.42 and a quick ratio of 0.68. The company has a market capitalization of $1.02 billion, a P/E ratio of 14.52, a PEG ratio of 0.65 and a beta of 0.45.

Guess? (NYSE:GES) last posted its quarterly earnings results on Thursday, June 6th. The company reported ($0.25) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.26) by $0.01. Guess? had a net margin of 0.53% and a return on equity of 10.10%. The company had revenue of $537.00 million for the quarter, compared to analyst estimates of $536.78 million. During the same period last year, the business posted ($0.23) EPS. The business’s quarterly revenue was up 3.1% on a year-over-year basis. On average, research analysts expect that Guess? will post 1.26 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Wednesday, June 19th will be paid a dividend of $0.112 per share. This represents a $0.45 annualized dividend and a yield of 3.15%. The ex-dividend date is Tuesday, June 18th. Guess?’s dividend payout ratio (DPR) is presently 91.84%.

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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