Jefferies Group LLC set a $13.00 price target on Guess?, Inc. (NYSE:GES) in a research report report published on Thursday, Marketbeat Ratings reports. The firm currently has a hold rating on the stock. Jefferies Group also issued estimates for Guess?’s Q3 2018 earnings at $0.11 EPS, Q4 2018 earnings at $0.49 EPS and FY2019 earnings at $0.75 EPS.
A number of other research firms have also issued reports on GES. Standpoint Research lowered Guess? from a buy rating to a hold rating and set a $13.91 price target for the company. in a research report on Wednesday, August 9th. Zacks Investment Research lowered Guess? from a buy rating to a hold rating in a research report on Tuesday, August 8th. BidaskClub upgraded Guess? from a hold rating to a buy rating in a research report on Saturday, August 5th. Cowen and Company set a $11.00 price target on Guess? and gave the company a hold rating in a research report on Friday, July 28th. Finally, FBR & Co set a $16.00 price target on Guess? and gave the company a buy rating in a research report on Saturday, July 22nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $13.77.
Guess? (GES) traded up 5.38% during mid-day trading on Thursday, reaching $15.66. The company had a trading volume of 3,482,705 shares. The firm has a 50-day moving average of $12.97 and a 200 day moving average of $11.97. The company has a market capitalization of $1.29 billion, a PE ratio of 143.67 and a beta of 0.42. Guess? has a 1-year low of $9.56 and a 1-year high of $18.23.
Guess? (NYSE:GES) last posted its quarterly earnings results on Wednesday, August 23rd. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.09. The business had revenue of $573.69 million during the quarter, compared to analyst estimates of $559.82 million. Guess? had a return on equity of 4.16% and a net margin of 0.43%. The business’s revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.14 earnings per share. On average, analysts predict that Guess? will post $0.52 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Wednesday, September 6th will be given a $0.225 dividend. The ex-dividend date is Friday, September 1st. This represents a $0.90 annualized dividend and a yield of 5.75%. Guess?’s payout ratio is 818.18%.
In other Guess? news, CEO Amigo Victor Herrero acquired 3,274 shares of the stock in a transaction that occurred on Monday, June 26th. The stock was bought at an average cost of $11.70 per share, for a total transaction of $38,305.80. Following the completion of the transaction, the chief executive officer now owns 392,848 shares of the company’s stock, valued at approximately $4,596,321.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 29.60% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC raised its position in shares of Guess? by 1.2% in the first quarter. FMR LLC now owns 12,643,167 shares of the company’s stock valued at $140,971,000 after buying an additional 147,447 shares during the last quarter. Sigma Planning Corp raised its position in shares of Guess? by 3.7% in the first quarter. Sigma Planning Corp now owns 18,900 shares of the company’s stock valued at $211,000 after buying an additional 675 shares during the last quarter. Paloma Partners Management Co acquired a new position in shares of Guess? during the first quarter valued at $825,000. Bank of America Corp DE raised its position in shares of Guess? by 33.1% in the first quarter. Bank of America Corp DE now owns 731,344 shares of the company’s stock valued at $8,154,000 after buying an additional 181,731 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of 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. Institutional investors own 80.34% of the company’s stock.
About Guess?
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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