Analysts Set Guess?, Inc. (NYSE:GES) Price Target at $24.00

Shares of Guess?, Inc. (NYSE:GES) have been given a consensus rating of “Hold” by the six analysts that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $24.00.

Several analysts have weighed in on GES shares. ValuEngine cut shares of Guess? from a “hold” rating to a “sell” rating in a research note on Monday, May 20th. Zacks Investment Research upgraded shares of Guess? from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 21st. Telsey Advisory Group reiterated a “market perform” rating and issued a $19.00 price objective (down previously from $22.00) on shares of Guess? in a research note on Tuesday, April 23rd. Finally, B. Riley set a $29.00 price objective on shares of Guess? and gave the stock a “buy” rating in a research note on Friday, May 17th.

Guess? stock traded down $0.71 during midday trading on Friday, hitting $16.00. The company’s stock had a trading volume of 1,075,396 shares, compared to its average volume of 1,108,575. Guess? has a 1-year low of $13.88 and a 1-year high of $26.95. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.68 and a current ratio of 1.42. The company has a 50-day simple moving average of $16.23. The company has a market capitalization of $1.15 billion, a P/E ratio of 16.33, a price-to-earnings-growth ratio of 0.75 and a beta of 0.41.

Guess? (NYSE:GES) last issued its quarterly earnings data on Thursday, June 6th. The company reported ($0.25) earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.01. Guess? had a net margin of 0.53% and a return on equity of 10.10%. The business had revenue of $537.00 million during the quarter, compared to analysts’ expectations of $536.78 million. During the same quarter in the previous year, the company earned ($0.23) EPS. The business’s revenue was up 3.1% on a year-over-year basis. As a group, equities research analysts forecast that Guess? will post 1.26 earnings per share for the current fiscal year.

In other news, Director Gianluca Bolla bought 10,000 shares of the company’s stock in a transaction dated Wednesday, June 12th. The stock was bought at an average cost of $14.73 per share, for a total transaction of $147,300.00. Following the transaction, the director now owns 85,552 shares of the company’s stock, valued at $1,260,180.96. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Carlos Alberini bought 347,353 shares of the company’s stock in a transaction dated Thursday, June 13th. The stock was purchased at an average price of $14.32 per share, with a total value of $4,974,094.96. The disclosure for this purchase can be found here. 34.90% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of the company. Meeder Asset Management Inc. bought a new stake in shares of Guess? during the 1st quarter valued at approximately $29,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Guess? during the 2nd quarter valued at approximately $40,000. Pearl River Capital LLC bought a new stake in shares of Guess? during the 1st quarter valued at approximately $60,000. Bank of Montreal Can grew its holdings in shares of Guess? by 48.4% during the 1st quarter. Bank of Montreal Can now owns 4,065 shares of the company’s stock valued at $80,000 after purchasing an additional 1,326 shares during the last quarter. Finally, Meridian Wealth Management LLC bought a new stake in shares of Guess? during the 2nd quarter valued at approximately $154,000. Institutional investors own 75.80% 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, knitwear, and intimate apparel.

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