Guess Inc. (GES) Receives Average Rating of “Hold” from Brokerages
Guess Inc. (NYSE:GES) has been assigned an average rating of “Hold” from the fifteen analysts that are currently covering the firm. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $18.09.
A number of research firms have recently issued reports on GES. Piper Jaffray Cos. set a $12.00 price target on shares of Guess and gave the stock a “sell” rating in a research report on Sunday, August 21st. B. Riley reaffirmed a “buy” rating and issued a $21.00 price objective on shares of Guess in a report on Tuesday, August 30th. Zacks Investment Research raised shares of Guess from a “sell” rating to a “hold” rating and set a $20.00 price objective on the stock in a report on Wednesday, August 24th. Mizuho reaffirmed a “neutral” rating and issued a $17.00 price objective on shares of Guess in a report on Tuesday, July 12th. Finally, Jefferies Group increased their price objective on shares of Guess from $16.00 to $17.00 and gave the stock a “hold” rating in a report on Thursday, August 25th.
In other Guess news, CEO Amigo Victor Herrero acquired 2,177 shares of the stock in a transaction dated Monday, September 26th. The shares were bought at an average price of $14.87 per share, with a total value of $32,371.99. Following the purchase, the chief executive officer now directly owns 334,703 shares of the company’s stock, valued at approximately $4,977,033.61. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 28.80% of the stock is currently owned by insiders.
Several institutional investors have recently made changes to their positions in GES. BlackRock Fund Advisors boosted its position in shares of Guess by 5.7% in the second quarter. BlackRock Fund Advisors now owns 6,540,717 shares of the company’s stock valued at $98,438,000 after buying an additional 355,028 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Guess by 12.8% in the second quarter. Dimensional Fund Advisors LP now owns 6,175,584 shares of the company’s stock valued at $92,941,000 after buying an additional 698,604 shares during the last quarter. State Street Corp boosted its position in shares of Guess by 21.6% in the second quarter. State Street Corp now owns 5,470,291 shares of the company’s stock valued at $82,330,000 after buying an additional 973,006 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Guess by 4.0% in the second quarter. Vanguard Group Inc. now owns 4,315,576 shares of the company’s stock valued at $64,949,000 after buying an additional 166,409 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its position in shares of Guess by 3.4% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,894,703 shares of the company’s stock valued at $28,515,000 after buying an additional 62,454 shares during the last quarter. 77.63% of the stock is currently owned by institutional investors.
Shares of Guess (NYSE:GES) opened at 14.19 on Tuesday. The firm has a 50 day moving average of $15.12 and a 200 day moving average of $15.80. The stock has a market cap of $1.20 billion, a P/E ratio of 17.87 and a beta of 0.76. Guess has a one year low of $13.78 and a one year high of $22.97.
Guess (NYSE:GES) last posted its quarterly earnings results on Wednesday, August 24th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.07. Guess had a net margin of 3.10% and a return on equity of 5.16%. The company had revenue of $545 million for the quarter, compared to the consensus estimate of $551.53 million. During the same period last year, the firm posted $0.21 EPS. The company’s revenue for the quarter was down .2% on a year-over-year basis. On average, equities research analysts predict that Guess will post $0.65 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 23rd. Stockholders of record on Wednesday, September 7th were paid a $0.225 dividend. The ex-dividend date was Friday, September 2nd. This represents a $0.90 annualized dividend and a dividend yield of 6.34%. Guess’s dividend payout ratio is currently 112.50%.
Guess?, Inc designs, markets, distributes and licenses a lifestyle collection of apparel and accessories for men, women and children. The Company operates through five segments: Americas Retail, which includes its retail and e-commerce operations in North and Central America and its retail operations in South America; Europe, which includes its wholesale, retail and e-commerce operations in Europe and the Middle East; Asia, which includes its retail, e-commerce and wholesale operations in Asia; Americas Wholesale, which includes its wholesale operations in the Americas, and Licensing, which includes licensing operations of the Company across the world.
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