Telsey Advisory Group Reiterates Market Perform Rating for Guess? (NYSE:GES)

Telsey Advisory Group restated their market perform rating on shares of Guess? (NYSE:GES) in a report published on Friday,Benzinga reports. They currently have a $13.00 target price on the stock.

Separately, UBS Group cut their price target on shares of Guess? from $15.00 to $12.00 and set a “neutral” rating on the stock in a report on Tuesday, March 11th.

Guess? Stock Up 8.6 %

Shares of NYSE GES opened at $10.91 on Friday. Guess? has a 1 year low of $9.24 and a 1 year high of $30.98. The firm has a 50-day simple moving average of $11.60 and a two-hundred day simple moving average of $14.79. The company has a market cap of $561.14 million, a P/E ratio of 9.16 and a beta of 1.43. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.54 and a quick ratio of 0.74.

Guess? (NYSE:GES) last issued its quarterly earnings results on Thursday, April 3rd. The company reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.07. The firm had revenue of $932.25 million during the quarter, compared to analyst estimates of $916.75 million. Guess? had a return on equity of 23.29% and a net margin of 3.19%. Guess?’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period last year, the company earned $2.01 EPS. Research analysts anticipate that Guess? will post 1.92 earnings per share for the current year.

Guess? announced that its Board of Directors has authorized a stock buyback program on Tuesday, March 25th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the company to purchase up to 38.5% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.

Guess? Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Wednesday, April 16th will be issued a dividend of $0.30 per share. The ex-dividend date is Wednesday, April 16th. This represents a $1.20 annualized dividend and a yield of 11.00%. Guess?’s payout ratio is currently 100.84%.

Hedge Funds Weigh In On Guess?

Institutional investors have recently made changes to their positions in the company. Quarry LP lifted its stake in Guess? by 216.9% in the third quarter. Quarry LP now owns 3,359 shares of the company’s stock worth $68,000 after acquiring an additional 2,299 shares during the period. EMC Capital Management raised its holdings in shares of Guess? by 158.0% in the 4th quarter. EMC Capital Management now owns 9,908 shares of the company’s stock valued at $139,000 after purchasing an additional 6,068 shares in the last quarter. Freestone Grove Partners LP bought a new position in shares of Guess? during the fourth quarter valued at approximately $171,000. Point72 Hong Kong Ltd purchased a new position in Guess? during the fourth quarter valued at approximately $175,000. Finally, Jump Financial LLC bought a new position in Guess? in the fourth quarter worth approximately $191,000. Hedge funds and other institutional investors own 61.74% of the company’s stock.

About Guess?

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.