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.
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.
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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