Guess? (NYSE:GES) Given “Market Perform” Rating at Telsey Advisory Group

Telsey Advisory Group restated their market perform rating on shares of Guess? (NYSE:GES) in a research report released on Monday morning, Zacks.com reports.

Several other research firms also recently issued reports on GES. Cowen upgraded Guess? from a market perform rating to an outperform rating and boosted their price objective for the stock from $19.00 to $26.00 in a report on Tuesday, December 17th. ValuEngine upgraded Guess? from a sell rating to a hold rating in a report on Tuesday. Evercore ISI reiterated a buy rating and issued a $22.00 target price on shares of Guess? in a report on Sunday, December 1st. TheStreet upgraded Guess? from a c+ rating to a b rating in a report on Tuesday, November 26th. Finally, B. Riley reiterated a buy rating and issued a $25.00 target price on shares of Guess? in a report on Tuesday, January 14th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Guess? has an average rating of Buy and a consensus price target of $22.00.

NYSE GES traded down $0.46 on Monday, hitting $16.23. 1,789,855 shares of the company were exchanged, compared to its average volume of 929,314. The company’s 50 day moving average price is $22.02 and its 200-day moving average price is $19.15. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.52 and a quick ratio of 0.73. The firm has a market capitalization of $1.19 billion, a P/E ratio of 30.06, a price-to-earnings-growth ratio of 0.61 and a beta of 0.44. Guess? has a twelve month low of $13.34 and a twelve month high of $23.58.

Guess? (NYSE:GES) last posted its quarterly earnings data on Tuesday, November 26th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.04. The firm had revenue of $615.90 million for the quarter, compared to the consensus estimate of $620.52 million. Guess? had a return on equity of 12.56% and a net margin of 1.48%. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.13 EPS. As a group, equities analysts expect that Guess? will post 1.36 EPS for the current year.

In related news, Director Gianluca Bolla sold 10,000 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $19.56, for a total value of $195,600.00. Following the transaction, the director now owns 75,552 shares in the company, valued at $1,477,797.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 34.90% of the company’s stock.

A number of institutional investors have recently made changes to their positions in GES. Royal Bank of Canada boosted its position in Guess? by 30.4% during the second quarter. Royal Bank of Canada now owns 6,304 shares of the company’s stock worth $102,000 after purchasing an additional 1,468 shares during the period. State of Tennessee Treasury Department raised its stake in shares of Guess? by 9.8% in the third quarter. State of Tennessee Treasury Department now owns 36,167 shares of the company’s stock valued at $670,000 after purchasing an additional 3,215 shares in the last quarter. California Public Employees Retirement System raised its stake in shares of Guess? by 29.9% in the third quarter. California Public Employees Retirement System now owns 107,000 shares of the company’s stock valued at $1,983,000 after purchasing an additional 24,658 shares in the last quarter. Tibra Equities Europe Ltd acquired a new position in shares of Guess? in the third quarter valued at $580,000. Finally, Kornitzer Capital Management Inc. KS raised its stake in shares of Guess? by 3.9% in the third quarter. Kornitzer Capital Management Inc. KS now owns 435,720 shares of the company’s stock valued at $8,074,000 after purchasing an additional 16,250 shares in the last quarter. 73.50% 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.

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Analyst Recommendations for Guess? (NYSE:GES)

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