Guess?, Inc. (GES) Rating Lowered to Hold at Standpoint Research
Guess?, Inc. (NYSE:GES) was downgraded by equities researchers at Standpoint Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, Marketbeat.com reports.
Several other research analysts have also recently issued reports on GES. B. Riley reaffirmed a “neutral” rating and issued a $12.00 target price on shares of Guess? in a report on Sunday, June 4th. Zacks Investment Research cut shares of Guess? from a “buy” rating to a “hold” rating in a report on Tuesday. BidaskClub raised shares of Guess? from a “hold” rating to a “buy” rating in a report on Saturday. FBR & Co set a $16.00 target price on shares of Guess? and gave the stock a “buy” rating in a report on Saturday, July 22nd. Finally, Cowen and Company lifted their target price on shares of Guess? from $10.00 to $11.00 and gave the stock a “market perform” rating in a report on Thursday, May 25th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $12.78.
Shares of Guess? (NYSE GES) traded down 2.69% on Wednesday, reaching $13.73. 521,078 shares of the company’s stock traded hands. Guess? has a one year low of $9.56 and a one year high of $18.68. The firm has a market cap of $1.14 billion, a P/E ratio of 44.01 and a beta of 0.42. The company’s 50-day moving average price is $12.42 and its 200 day moving average price is $11.89.
Guess? (NYSE:GES) last issued its earnings results on Wednesday, May 24th. The company reported ($0.24) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.32) by $0.08. The business had revenue of $458.60 million during the quarter, compared to analysts’ expectations of $449.22 million. Guess? had a net margin of 1.20% and a return on equity of 3.67%. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.23) earnings per share. On average, equities analysts forecast that Guess? will post $0.40 EPS for the current fiscal year.
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In related news, CEO Amigo Victor Herrero acquired 3,274 shares of the firm’s stock in a transaction dated Monday, June 26th. The stock was purchased at an average cost of $11.70 per share, with a total value of $38,305.80. Following the completion of the acquisition, the chief executive officer now directly owns 392,848 shares of the company’s stock, valued at $4,596,321.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 29.60% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp boosted its position in Guess? by 2.1% in the first quarter. Bank of New York Mellon Corp now owns 1,727,549 shares of the company’s stock valued at $19,262,000 after buying an additional 35,422 shares during the last quarter. Advisors Asset Management Inc. boosted its position in Guess? by 15.4% in the first quarter. Advisors Asset Management Inc. now owns 1,300,431 shares of the company’s stock valued at $14,500,000 after buying an additional 173,880 shares during the last quarter. First Trust Advisors LP boosted its position in Guess? by 101.3% in the first quarter. First Trust Advisors LP now owns 600,704 shares of the company’s stock valued at $6,698,000 after buying an additional 302,218 shares during the last quarter. Commerzbank Aktiengesellschaft FI bought a new position in Guess? during the first quarter valued at $472,000. Finally, OLD National Bancorp IN boosted its position in Guess? by 3.3% in the first quarter. OLD National Bancorp IN now owns 22,306 shares of the company’s stock valued at $249,000 after buying an additional 718 shares during the last quarter. 77.85% of the stock is owned by hedge funds and other 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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