Guess?, Inc. (NYSE:GES) Receives Average Recommendation of “Hold” from Brokerages

Shares of Guess?, Inc. (NYSE:GESGet Free Report) have been assigned an average recommendation of “Hold” from the five research firms that are currently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $25.00.

Several research analysts have recently commented on the company. Jefferies Financial Group reiterated a “hold” rating and issued a $24.00 target price (down previously from $25.00) on shares of Guess? in a research report on Thursday, January 4th. StockNews.com lowered Guess? from a “buy” rating to a “hold” rating in a research report on Wednesday, November 22nd. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $23.00 target price on shares of Guess? in a research report on Thursday, November 16th.

Get Our Latest Analysis on Guess?

Insider Activity at Guess?

In related news, major shareholder Maurice Marciano sold 600,000 shares of the company’s stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $23.55, for a total transaction of $14,130,000.00. Following the transaction, the insider now directly owns 1,200,000 shares of the company’s stock, valued at $28,260,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Paul Marciano sold 150,000 shares of the stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $22.52, for a total transaction of $3,378,000.00. Following the transaction, the insider now owns 1,081,700 shares of the company’s stock, valued at approximately $24,359,884. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Maurice Marciano sold 600,000 shares of the stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $23.55, for a total value of $14,130,000.00. Following the sale, the insider now owns 1,200,000 shares of the company’s stock, valued at approximately $28,260,000. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,200,000 shares of company stock valued at $27,979,500. Company insiders own 49.10% of the company’s stock.

Hedge Funds Weigh In On Guess?

Several hedge funds and other institutional investors have recently modified their holdings of GES. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Guess? by 2.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 20,315 shares of the company’s stock worth $468,000 after acquiring an additional 454 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Guess? by 27.5% in the first quarter. PNC Financial Services Group Inc. now owns 2,692 shares of the company’s stock valued at $59,000 after purchasing an additional 581 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its position in shares of Guess? by 5.2% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 11,780 shares of the company’s stock valued at $229,000 after acquiring an additional 586 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of Guess? by 3.2% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 22,455 shares of the company’s stock valued at $486,000 after acquiring an additional 700 shares during the last quarter. Finally, State of Wyoming raised its stake in Guess? by 13.7% in the 2nd quarter. State of Wyoming now owns 6,482 shares of the company’s stock valued at $126,000 after acquiring an additional 781 shares during the period. Institutional investors own 61.74% of the company’s stock.

Guess? Price Performance

Guess? stock opened at $23.16 on Friday. Guess? has a 52 week low of $17.21 and a 52 week high of $24.84. The company has a quick ratio of 0.80, a current ratio of 1.47 and a debt-to-equity ratio of 0.72. The firm’s 50-day simple moving average is $22.80 and its 200 day simple moving average is $22.09. The firm has a market capitalization of $1.24 billion, a PE ratio of 8.87 and a beta of 1.88.

Guess? (NYSE:GESGet Free Report) last issued its quarterly earnings results on Tuesday, November 21st. The company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.13). The business had revenue of $651.00 million during the quarter, compared to analyst estimates of $655.52 million. Guess? had a return on equity of 29.94% and a net margin of 6.61%. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.44 earnings per share. On average, equities research analysts predict that Guess? will post 2.7 EPS for the current fiscal year.

Guess? Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 22nd. Investors of record on Wednesday, December 6th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 5.18%. The ex-dividend date of this dividend was Tuesday, December 5th. Guess?’s payout ratio is 45.98%.

About Guess?

(Get Free Report

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, activewear, knitwear, and intimate apparel.

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Analyst Recommendations for Guess? (NYSE:GES)

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