Guess? (NYSE:GES) Stock Rating Reaffirmed by B. Riley

B. Riley restated their buy rating on shares of Guess? (NYSE:GES) in a research note issued to investors on Wednesday morning, TipRanks reports. They currently have a $25.00 price objective on the stock. B. Riley also issued estimates for Guess?’s FY2020 earnings at $1.36 EPS.

GES has been the topic of several other research reports. Cfra set a $16.00 target price on shares of Guess? and gave the company a hold rating in a report on Thursday, August 29th. TheStreet raised shares of Guess? from a c+ rating to a b rating in a research report on Tuesday, November 26th. ValuEngine upgraded Guess? from a sell rating to a hold rating in a report on Friday, August 30th. Zacks Investment Research reissued a positive rating on shares of Guess? in a research report on Wednesday, October 16th. Finally, Evercore ISI restated a buy rating and set a $22.00 price objective on shares of Guess? in a research note on Sunday. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Guess? has an average rating of Buy and an average price target of $21.33.

GES traded up $0.03 on Wednesday, reaching $18.92. 52,623 shares of the company’s stock were exchanged, compared to its average volume of 1,659,759. Guess? has a twelve month low of $13.34 and a twelve month high of $23.36. The company’s 50 day moving average is $17.84 and its 200-day moving average is $16.83. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.73 and a current ratio of 1.52. The company has a market cap of $1.26 billion, a price-to-earnings ratio of 19.30, a PEG ratio of 0.81 and a beta of 0.45.

Guess? (NYSE:GES) last announced its quarterly earnings results on Tuesday, November 26th. The company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.04. Guess? had a net margin of 1.48% and a return on equity of 12.54%. The firm had revenue of $615.90 million for the quarter, compared to analysts’ expectations of $620.52 million. During the same period in the previous year, the company posted $0.13 earnings per share. Guess?’s revenue was up 1.8% compared to the same quarter last year. Sell-side analysts forecast that Guess? will post 1.35 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 11th will be given a $0.1125 dividend. This represents a $0.45 annualized dividend and a yield of 2.38%. The ex-dividend date is Tuesday, December 10th. Guess?’s dividend payout ratio (DPR) is 45.92%.

A number of large investors have recently modified their holdings of the business. DekaBank Deutsche Girozentrale acquired a new position in shares of Guess? during the second quarter worth $40,000. Tower Research Capital LLC TRC purchased a new position in shares of Guess? in the third quarter valued at $94,000. Royal Bank of Canada boosted its stake in shares of Guess? by 30.4% in the second quarter. Royal Bank of Canada now owns 6,304 shares of the company’s stock valued at $102,000 after purchasing an additional 1,468 shares during the period. Bank of Montreal Can grew its holdings in Guess? by 119.6% during the 2nd quarter. Bank of Montreal Can now owns 8,928 shares of the company’s stock valued at $144,000 after purchasing an additional 4,863 shares in the last quarter. Finally, ETF Managers Group LLC acquired a new stake in Guess? during the 2nd quarter valued at $160,000. 76.64% of the stock is owned by institutional investors.

About Guess?

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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Analyst Recommendations for Guess? (NYSE:GES)

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