Telsey Advisory Group Issues Pessimistic Forecast for Guess? (NYSE:GES) Stock Price

Guess? (NYSE:GES) had its price target lowered by stock analysts at Telsey Advisory Group from $21.00 to $18.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a “market perform” rating on the stock. Telsey Advisory Group’s price target points to a potential upside of 3.63% from the company’s current price.

Separately, UBS Group decreased their price target on shares of Guess? from $24.00 to $22.00 and set a “neutral” rating for the company in a research note on Friday, August 30th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Guess? has an average rating of “Hold” and a consensus target price of $26.50.

Guess? Price Performance

Guess? stock opened at $17.37 on Wednesday. The firm has a market cap of $893.17 million, a P/E ratio of 7.00 and a beta of 1.94. Guess? has a one year low of $16.05 and a one year high of $33.50. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.47 and a quick ratio of 0.76. The stock’s 50 day moving average is $18.32 and its 200 day moving average is $20.77.

Guess? (NYSE:GES) last posted its quarterly earnings results on Tuesday, November 26th. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.03). Guess? had a return on equity of 24.18% and a net margin of 6.05%. The business had revenue of $738.52 million for the quarter, compared to the consensus estimate of $747.36 million. During the same quarter in the previous year, the company posted $0.49 earnings per share. Guess?’s quarterly revenue was up 13.4% on a year-over-year basis. As a group, research analysts expect that Guess? will post 2.63 EPS for the current year.

Institutional Investors Weigh In On Guess?

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Guess? by 15.7% during the 1st quarter. Vanguard Group Inc. now owns 3,879,570 shares of the company’s stock valued at $122,090,000 after purchasing an additional 525,064 shares during the last quarter. Foundry Partners LLC increased its holdings in Guess? by 41.7% during the third quarter. Foundry Partners LLC now owns 266,779 shares of the company’s stock worth $5,370,000 after buying an additional 78,451 shares during the last quarter. TCW Group Inc. increased its holdings in Guess? by 110.6% during the second quarter. TCW Group Inc. now owns 78,693 shares of the company’s stock worth $1,605,000 after buying an additional 41,331 shares during the last quarter. WINTON GROUP Ltd raised its position in Guess? by 423.1% in the second quarter. WINTON GROUP Ltd now owns 191,982 shares of the company’s stock worth $3,916,000 after acquiring an additional 155,281 shares during the period. Finally, Virtu Financial LLC purchased a new position in Guess? in the first quarter valued at about $717,000. Hedge funds and other institutional investors own 61.74% of the company’s stock.

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.