Telsey Advisory Group Reiterates “Market Perform” Rating for Guess? (NYSE:GES)

Guess? (NYSE:GES)‘s stock had its “market perform” rating reissued by stock analysts at Telsey Advisory Group in a report issued on Thursday,Benzinga reports. They presently have a $16.75 price target on the stock. Telsey Advisory Group’s price target suggests a potential downside of 0.98% from the company’s previous close.

GES has been the topic of several other reports. Small Cap Consu lowered Guess? from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 28th. Zacks Research cut shares of Guess? from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 12th. Weiss Ratings restated a “hold (c-)” rating on shares of Guess? in a report on Wednesday, October 8th. Finally, UBS Group upped their price objective on shares of Guess? from $13.00 to $16.75 and gave the company a “neutral” rating in a research note on Thursday, August 28th. Five investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $16.75.

Guess? Price Performance

NYSE:GES opened at $16.92 on Thursday. Guess? has a 52-week low of $8.48 and a 52-week high of $18.07. The stock has a fifty day moving average of $16.85 and a 200 day moving average of $14.41. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.76 and a current ratio of 1.52. The firm has a market capitalization of $882.15 million, a price-to-earnings ratio of 105.73 and a beta of 1.28.

Guess? (NYSE:GES) last announced its earnings results on Wednesday, August 27th. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.10. The business had revenue of $772.94 million for the quarter, compared to analyst estimates of $758.72 million. Guess? had a return on equity of 16.44% and a net margin of 1.01%.The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.42 EPS. On average, research analysts expect that Guess? will post 1.92 EPS for the current fiscal year.

Institutional Trading of Guess?

Hedge funds have recently modified their holdings of the business. Advisory Services Network LLC bought a new position in shares of Guess? during the third quarter valued at approximately $38,000. First Trust Capital Management L.P. purchased a new position in shares of Guess? in the 3rd quarter worth about $1,150,000. Verition Fund Management LLC bought a new position in Guess? in the 3rd quarter worth about $481,000. Qube Research & Technologies Ltd purchased a new stake in Guess? during the 3rd quarter valued at about $1,245,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Guess? by 9.7% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,064,173 shares of the company’s stock valued at $17,782,000 after purchasing an additional 94,234 shares during the last quarter. 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.