B. Riley Comments on Guess?, Inc.’s Q3 2024 Earnings (NYSE:GES)

Guess?, Inc. (NYSE:GES) – Stock analysts at B. Riley issued their Q3 2024 earnings per share estimates for shares of Guess? in a research note issued to investors on Monday, September 11th. B. Riley analyst J. Lick expects that the company will post earnings per share of $0.59 for the quarter. B. Riley currently has a “Buy” rating and a $31.00 target price on the stock. The consensus estimate for Guess?’s current full-year earnings is $3.05 per share. B. Riley also issued estimates for Guess?’s Q4 2024 earnings at $1.66 EPS, Q2 2025 earnings at $0.84 EPS, Q4 2025 earnings at $1.55 EPS and FY2025 earnings at $3.10 EPS.

Guess? (NYSE:GES) last released its quarterly earnings results on Wednesday, August 23rd. The company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.40 by $0.32. The firm had revenue of $664.51 million for the quarter, compared to analyst estimates of $640.50 million. Guess? had a return on equity of 31.02% and a net margin of 5.40%. Guess?’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.39 EPS.

Several other research analysts have also weighed in on the stock. Telsey Advisory Group reissued a “market perform” rating and set a $23.00 price objective on shares of Guess? in a report on Thursday, August 24th. StockNews.com raised Guess? from a “hold” rating to a “buy” rating in a report on Friday, August 25th. TheStreet raised shares of Guess? from a “c+” rating to a “b” rating in a report on Wednesday, August 23rd. 888 reiterated an “initiates” rating on shares of Guess? in a research report on Friday, June 16th. Finally, UBS Group started coverage on shares of Guess? in a report on Friday, June 16th. They issued a “neutral” rating and a $22.00 target price for the company. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Guess? currently has a consensus rating of “Moderate Buy” and an average target price of $25.33.

Guess? Stock Down 2.6 %

Shares of Guess? stock opened at $22.60 on Wednesday. Guess? has a 1-year low of $14.27 and a 1-year high of $24.84. The business has a 50-day moving average of $21.12 and a 200-day moving average of $20.08. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.47 and a quick ratio of 0.82. The company has a market capitalization of $1.21 billion, a PE ratio of 10.61 and a beta of 1.89.

Guess? Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Wednesday, September 6th will be given a dividend of $0.30 per share. The ex-dividend date is Tuesday, September 5th. This represents a $1.20 dividend on an annualized basis and a yield of 5.31%. Guess?’s payout ratio is presently 56.34%.

Insider Buying and Selling at Guess?

In related news, Director Deborah Weinswig sold 6,896 shares of the stock in a transaction on Friday, September 8th. The stock was sold at an average price of $23.03, for a total transaction of $158,814.88. Following the completion of the sale, the director now directly owns 19,173 shares in the company, valued at $441,554.19. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 49.10% of the company’s stock.

Institutional Trading of Guess?

Large investors have recently added to or reduced their stakes in the business. Coppell Advisory Solutions Corp. acquired a new stake in shares of Guess? in the fourth quarter worth $40,000. Quarry LP acquired a new position in Guess? in the first quarter worth about $45,000. Tower Research Capital LLC TRC lifted its position in shares of Guess? by 732.9% during the 1st quarter. Tower Research Capital LLC TRC now owns 2,807 shares of the company’s stock worth $55,000 after buying an additional 2,470 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of Guess? by 27.5% in the 1st 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. Finally, Dark Forest Capital Management LP bought a new stake in Guess? during the first quarter worth about $96,000. 61.74% of the stock is owned by institutional investors.

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.