Guess?, Inc. (NYSE:GES) Stock Rating Upgraded by BidaskClub
BidaskClub upgraded shares of Guess?, Inc. (NYSE:GES) from a hold rating to a buy rating in a research report sent to investors on Saturday morning.
GES has been the topic of a number of other reports. Zacks Investment Research upgraded Guess? from a sell rating to a hold rating in a research note on Monday, May 22nd. Jefferies Group LLC restated a hold rating and issued a $11.00 price target on shares of Guess? in a research note on Friday, July 14th. Cowen and Company raised their price target on Guess? from $10.00 to $11.00 and gave the stock a market perform rating in a research note on Thursday, May 25th. FBR & Co assumed coverage on Guess? in a research note on Tuesday, July 11th. They issued an outperform rating and a $16.00 price target on the stock. Finally, B. Riley restated a neutral rating and issued a $12.00 price target on shares of Guess? in a research note on Sunday, June 4th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $12.78.
Shares of Guess? (GES) opened at 13.88 on Friday. The firm has a 50 day moving average price of $12.26 and a 200 day moving average price of $11.86. Guess? has a 52 week low of $9.56 and a 52 week high of $18.68. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of 44.49 and a beta of 0.42.
Guess? (NYSE:GES) last issued its earnings results on Wednesday, May 24th. The company reported ($0.24) EPS for the quarter, beating the consensus estimate of ($0.32) by $0.08. Guess? had a return on equity of 3.67% and a net margin of 1.20%. The business had revenue of $458.60 million for the quarter, compared to the consensus estimate of $449.22 million. During the same period last year, the business posted ($0.23) EPS. The company’s revenue was up 2.2% compared to the same quarter last year. Equities analysts forecast that Guess? will post $0.40 EPS for the current year.
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In related news, CEO Amigo Victor Herrero bought 3,274 shares of the firm’s stock in a transaction that occurred on Monday, June 26th. The shares were bought at an average cost of $11.70 per share, with a total value of $38,305.80. Following the acquisition, the chief executive officer now owns 392,848 shares in the company, valued at $4,596,321.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 29.60% of the stock is currently owned by company insiders.
Institutional investors have recently made changes to their positions in the company. FNY Managed Accounts LLC bought a new position in shares of Guess? during the first quarter worth approximately $100,000. Trust Department MB Financial Bank N A bought a new position in shares of Guess? during the first quarter worth approximately $112,000. FNY Partners Fund LP boosted its position in shares of Guess? by 66.7% in the first quarter. FNY Partners Fund LP now owns 10,400 shares of the company’s stock worth $115,000 after buying an additional 4,160 shares in the last quarter. Bank of The West bought a new position in shares of Guess? during the second quarter worth approximately $140,000. Finally, State of Alaska Department of Revenue boosted its position in shares of Guess? by 77.4% in the second quarter. State of Alaska Department of Revenue now owns 12,064 shares of the company’s stock worth $154,000 after buying an additional 5,264 shares in the last quarter. 77.85% of the stock is currently owned by institutional investors.
Guess? Company Profile
Guess?, Inc designs, markets, distributes and licenses a lifestyle collections of apparel and accessories for men, women and children. The Company operates through five segments: Americas Retail, Europe, Asia, Americas Wholesale and Licensing. The Americas Retail segment includes the Company’s retail and e-commerce operations in North and Central America and its retail operations in South America.
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