Guess’ (NYSE:GES) Earns Hold Rating from Analysts at StockNews.com

Posted by Thomas Dobrow on Mar 19th, 2023

StockNews.com initiated coverage on shares of Guess’ (NYSE:GES – Get Rating) in a report issued on Thursday. The brokerage issued a hold rating on the stock.

A number of other brokerages have also weighed in on GES. TheStreet raised shares of Guess’ from a c rating to a b rating in a research note on Tuesday. Telsey Advisory Group reissued a market perform rating and set a $23.00 price target on shares of Guess’ in a research report on Wednesday.

Guess’ Price Performance

Shares of NYSE GES opened at $19.17 on Thursday. The firm has a market cap of $1.04 billion, a PE ratio of 8.60 and a beta of 1.87. The company has a current ratio of 1.59, a quick ratio of 0.79 and a debt-to-equity ratio of 0.74. Guess’ has a 1-year low of $14.27 and a 1-year high of $24.66. The company has a fifty day moving average price of $22.01 and a 200 day moving average price of $19.42.

Guess’ (NYSE:GES – Get Rating) last announced its earnings results on Tuesday, March 14th. The company reported $1.74 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.44. The firm had revenue of $817.78 million during the quarter, compared to analyst estimates of $772.00 million. Guess’ had a net margin of 5.57% and a return on equity of 34.63%. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.14 EPS. Research analysts predict that Guess’ will post 2.63 earnings per share for the current fiscal year.

Guess’ Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 14th. Shareholders of record on Wednesday, March 29th will be given a dividend of $0.225 per share. The ex-dividend date of this dividend is Tuesday, March 28th. This represents a $0.90 annualized dividend and a yield of 4.69%. Guess”s dividend payout ratio (DPR) is presently 40.36%.

Institutional Investors Weigh In On Guess’

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. SummerHaven Investment Management LLC raised its holdings in shares of Guess’ by 1.3% in the 4th quarter. SummerHaven Investment Management LLC now owns 44,359 shares of the company’s stock valued at $918,000 after purchasing an additional 569 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of Guess’ by 27.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,692 shares of the company’s stock valued at $59,000 after purchasing an additional 581 shares during the period. Mutual of America Capital Management LLC raised its holdings in shares of Guess’ by 10.2% in the 3rd quarter. Mutual of America Capital Management LLC now owns 6,640 shares of the company’s stock valued at $97,000 after purchasing an additional 617 shares during the period. UBS Asset Management Americas Inc. raised its holdings in shares of Guess’ by 1.9% in the 3rd quarter. UBS Asset Management Americas Inc. now owns 53,288 shares of the company’s stock valued at $782,000 after purchasing an additional 971 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Guess’ by 31.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,894 shares of the company’s stock valued at $101,000 after purchasing an additional 1,173 shares during the period. 58.81% of the stock is owned by institutional investors.

Guess’ Company Profile

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Guess?, Inc engages in designing, marketing, distributing and licensing of contemporary apparel and accessories for men, women and children that reflect the American lifestyle and European fashion sensibilities. It operates through the following segments: Americas Retail, Americas Wholesale, Europe, Asia, and Licensing.