Brokerages Set Guess?, Inc. (NYSE:GES) Target Price at $31.25

Shares of Guess?, Inc. (NYSE:GES) have been given an average rating of “Hold” by the four ratings firms that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $31.25.

Several equities analysts have issued reports on GES shares. Telsey Advisory Group reiterated a “market perform” rating and issued a $30.00 target price on shares of Guess? in a research note on Wednesday, May 29th. B. Riley restated a “buy” rating and issued a $37.00 price target (up from $33.00) on shares of Guess? in a report on Monday, April 8th. StockNews.com lowered shares of Guess? from a “buy” rating to a “hold” rating in a research note on Monday, June 3rd. Finally, UBS Group lowered their target price on shares of Guess? from $32.00 to $29.00 and set a “neutral” rating for the company in a research note on Thursday, May 23rd.

Institutional Trading of Guess?

A number of institutional investors have recently bought and sold shares of GES. Quest Partners LLC purchased a new position in shares of Guess? in the fourth quarter worth $49,000. Headlands Technologies LLC purchased a new position in Guess? in the 1st quarter worth $60,000. Nisa Investment Advisors LLC lifted its position in Guess? by 405.6% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,867 shares of the company’s stock worth $66,000 after acquiring an additional 2,300 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Guess? by 19.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,838 shares of the company’s stock valued at $135,000 after purchasing an additional 944 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Guess? by 72.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,092 shares of the company’s stock valued at $206,000 after purchasing an additional 4,254 shares during the period. 61.74% of the stock is currently owned by institutional investors and hedge funds.

Guess? Price Performance

NYSE GES opened at $23.63 on Friday. The company has a market cap of $1.26 billion, a PE ratio of 7.05 and a beta of 1.92. The firm’s 50 day moving average price is $22.28 and its 200-day moving average price is $24.65. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.85 and a current ratio of 1.57. Guess? has a 52-week low of $17.92 and a 52-week high of $33.50.

Guess? (NYSE:GES) last announced its earnings results on Thursday, May 30th. The company reported ($0.27) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.40) by $0.13. Guess? had a return on equity of 26.92% and a net margin of 7.97%. The business had revenue of $591.90 million for the quarter, compared to analysts’ expectations of $574.64 million. During the same quarter last year, the firm earned ($0.07) EPS. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. Sell-side analysts forecast that Guess? will post 2.88 EPS for the current fiscal year.

Guess? Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Wednesday, June 12th were issued a dividend of $0.30 per share. The ex-dividend date was Wednesday, June 12th. This represents a $1.20 annualized dividend and a dividend yield of 5.08%. Guess?’s dividend payout ratio (DPR) is currently 35.82%.

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, activewear, knitwear, and intimate apparel.