Guess? (NYSE:GES) Upgraded at Zacks Research

Guess? (NYSE:GES) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.

Several other research firms also recently weighed in on GES. Small Cap Consu downgraded Guess? from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 28th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Guess? in a research note on Wednesday, October 8th. Telsey Advisory Group reissued a “market perform” rating and set a $16.75 price objective on shares of Guess? in a research report on Thursday, August 28th. Finally, UBS Group upped their target price on shares of Guess? from $13.00 to $16.75 and gave the company a “neutral” rating in a report on Thursday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $16.75.

Guess? Stock Performance

NYSE GES opened at $16.92 on Tuesday. The company has a fifty day moving average of $16.20 and a two-hundred day moving average of $13.24. The company has a market capitalization of $880.93 million, a PE ratio of 105.73 and a beta of 1.26. Guess? has a 1 year low of $8.48 and a 1 year high of $19.91. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.52 and a quick ratio of 0.76.

Guess? (NYSE:GES) last posted its earnings results on Wednesday, August 27th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.10. The business had revenue of $772.94 million during the quarter, compared to the consensus estimate of $758.72 million. Guess? had a return on equity of 16.44% and a net margin of 1.01%.The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.42 EPS. As a group, analysts expect that Guess? will post 1.92 earnings per share for the current year.

Institutional Trading of Guess?

Several hedge funds and other institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC increased its stake in shares of Guess? by 713.0% during the first quarter. GAMMA Investing LLC now owns 2,317 shares of the company’s stock worth $26,000 after acquiring an additional 2,032 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its holdings in Guess? by 507.5% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 3,900 shares of the company’s stock valued at $43,000 after purchasing an additional 3,258 shares in the last quarter. CWM LLC increased its position in Guess? by 3,085.0% during the 1st quarter. CWM LLC now owns 4,236 shares of the company’s stock worth $47,000 after purchasing an additional 4,103 shares during the period. US Bancorp DE raised its stake in shares of Guess? by 4,168.7% during the 1st quarter. US Bancorp DE now owns 4,226 shares of the company’s stock worth $47,000 after buying an additional 4,127 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its stake in shares of Guess? by 20,181.5% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 5,476 shares of the company’s stock worth $61,000 after buying an additional 5,449 shares in the last quarter. 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.