Guess?, Inc. (NYSE:GES) has been given a consensus recommendation of “Buy” by the eight ratings firms that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $22.80.
Several analysts have weighed in on GES shares. Telsey Advisory Group boosted their price objective on Guess? from $25.00 to $26.00 and gave the stock a “market perform” rating in a report on Thursday, May 31st. Zacks Investment Research cut Guess? from a “buy” rating to a “hold” rating in a report on Wednesday, August 29th. TheStreet raised Guess? from a “c+” rating to a “b” rating in a report on Thursday, August 30th. Finally, ValuEngine cut Guess? from a “strong-buy” rating to a “buy” rating in a report on Friday, June 1st.
Guess? stock opened at $22.60 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.24 and a quick ratio of 1.25. Guess? has a 12-month low of $14.17 and a 12-month high of $26.95. The stock has a market capitalization of $1.82 billion, a P/E ratio of 32.29, a price-to-earnings-growth ratio of 1.24 and a beta of 0.13.
Guess? (NYSE:GES) last released its quarterly earnings results on Wednesday, August 29th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.04. Guess? had a return on equity of 8.12% and a net margin of 0.10%. The business had revenue of $645.87 million during the quarter, compared to analysts’ expectations of $650.61 million. During the same period in the previous year, the business posted $0.19 earnings per share. The firm’s revenue for the quarter was up 13.7% compared to the same quarter last year. sell-side analysts predict that Guess? will post 1.04 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Wednesday, September 12th will be issued a dividend of $0.225 per share. The ex-dividend date is Tuesday, September 11th. This represents a $0.90 annualized dividend and a yield of 3.98%. Guess?’s dividend payout ratio is currently 128.57%.
In other news, Director Gianluca Bolla acquired 2,832 shares of the company’s stock in a transaction on Thursday, August 30th. The stock was purchased at an average cost of $26.00 per share, with a total value of $73,632.00. Following the acquisition, the director now owns 63,936 shares of the company’s stock, valued at approximately $1,662,336. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 31.30% of the company’s stock.
A number of large investors have recently made changes to their positions in GES. United Services Automobile Association acquired a new position in shares of Guess? during the 2nd quarter worth about $241,000. Millennium Management LLC grew its position in shares of Guess? by 176.7% during the 2nd quarter. Millennium Management LLC now owns 325,258 shares of the company’s stock worth $6,961,000 after buying an additional 207,726 shares during the period. Macquarie Group Ltd. grew its position in shares of Guess? by 19.5% during the 2nd quarter. Macquarie Group Ltd. now owns 14,700 shares of the company’s stock worth $315,000 after buying an additional 2,400 shares during the period. Raymond James & Associates grew its position in shares of Guess? by 114.6% during the 2nd quarter. Raymond James & Associates now owns 41,590 shares of the company’s stock worth $890,000 after buying an additional 22,210 shares during the period. Finally, Laurion Capital Management LP grew its position in shares of Guess? by 27.2% during the 2nd quarter. Laurion Capital Management LP now owns 49,606 shares of the company’s stock worth $1,062,000 after buying an additional 10,614 shares during the period. 71.15% of the stock is owned by hedge funds and other institutional investors.
Guess? Company Profile
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.
Further Reading: Average Daily Trade Volume – ADTV
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