Guess? (GES) Upgraded at ValuEngine

ValuEngine upgraded shares of Guess? (NYSE:GES) from a hold rating to a buy rating in a research note released on Friday.

A number of other equities analysts also recently weighed in on the stock. Jefferies Financial Group raised shares of Guess? from a hold rating to a buy rating and set a $24.00 price target on the stock in a report on Thursday. Zacks Investment Research raised shares of Guess? from a hold rating to a strong-buy rating and set a $22.00 price target on the stock in a report on Thursday, January 31st. Finally, TheStreet downgraded shares of Guess? from a b rating to a c+ rating in a report on Thursday, November 29th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of Buy and an average price target of $23.40.

Shares of NYSE:GES opened at $20.50 on Friday. The company has a current ratio of 1.93, a quick ratio of 0.95 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $1.66 billion, a P/E ratio of 23.30, a P/E/G ratio of 0.83 and a beta of 0.22. Guess? has a fifty-two week low of $14.39 and a fifty-two week high of $26.95.

Guess? (NYSE:GES) last issued its quarterly earnings results on Wednesday, November 28th. The company reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.03). The company had revenue of $605.00 million during the quarter, compared to analysts’ expectations of $603.08 million. Guess? had a positive return on equity of 8.39% and a negative net margin of 0.32%. Guess?’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period last year, the firm posted $0.12 earnings per share. On average, analysts expect that Guess? will post 1.02 EPS for the current year.

In other Guess? news, Director Anthony Chidoni sold 12,000 shares of the company’s stock in a transaction dated Friday, December 21st. The shares were sold at an average price of $18.87, for a total transaction of $226,440.00. Following the sale, the director now directly owns 172,290 shares of the company’s stock, valued at $3,251,112.30. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 31.30% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GES. Renaissance Technologies LLC lifted its holdings in Guess? by 2.7% during the second quarter. Renaissance Technologies LLC now owns 217,954 shares of the company’s stock valued at $4,664,000 after purchasing an additional 5,754 shares during the last quarter. Raymond James & Associates increased its position in shares of Guess? by 114.6% during the second quarter. Raymond James & Associates now owns 41,590 shares of the company’s stock valued at $890,000 after buying an additional 22,210 shares during the period. Millennium Management LLC increased its position in shares of Guess? by 176.7% during the second quarter. Millennium Management LLC now owns 325,258 shares of the company’s stock valued at $6,961,000 after buying an additional 207,726 shares during the period. United Services Automobile Association bought a new stake in shares of Guess? during the second quarter valued at about $241,000. Finally, Contravisory Investment Management Inc. bought a new stake in shares of Guess? during the third quarter valued at about $139,000. 70.80% of the stock is currently owned by institutional investors and hedge funds.

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, knitwear, and intimate apparel.

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