Guess?’s (GES) “Market Perform” Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group restated their market perform rating on shares of Guess? (NYSE:GES) in a research report sent to investors on Thursday morning,Benzinga reports. The brokerage currently has a $16.75 target price on the stock.

Other equities research analysts also recently issued research reports about the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Guess? in a report on Wednesday, October 8th. Zacks Research downgraded Guess? from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 12th. Small Cap Consu lowered Guess? from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 28th. Finally, UBS Group boosted their price target on Guess? from $13.00 to $16.75 and gave the stock a “neutral” rating in a report on Thursday, August 28th. Five research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $16.75.

Guess? Trading Up 0.1%

Shares of Guess? stock opened at $16.97 on Thursday. The firm’s 50 day moving average is $16.86 and its 200 day moving average is $14.49. The firm has a market capitalization of $884.76 million, a PE ratio of 106.04 and a beta of 1.28. Guess? has a 1 year low of $8.48 and a 1 year high of $18.07. The company has a current ratio of 1.52, a quick ratio of 0.76 and a debt-to-equity ratio of 1.10.

Guess? (NYSE:GES) last issued its quarterly earnings data on Wednesday, August 27th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.16 by $0.10. The business had revenue of $772.94 million during the quarter, compared to the consensus estimate of $758.72 million. Guess? had a net margin of 1.01% and a return on equity of 16.44%. The firm’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.42 EPS. Equities research analysts forecast that Guess? will post 1.92 earnings per share for the current fiscal year.

Guess? Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Wednesday, September 10th were given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date was Wednesday, September 10th. Guess?’s payout ratio is 562.50%.

Hedge Funds Weigh In On Guess?

Hedge funds have recently made changes to their positions in the stock. Advisory Services Network LLC bought a new stake in Guess? in the third quarter valued at approximately $38,000. CWM LLC lifted its position in shares of Guess? by 3,085.0% in the 1st quarter. CWM LLC now owns 4,236 shares of the company’s stock worth $47,000 after purchasing an additional 4,103 shares during the period. US Bancorp DE lifted its position in shares of Guess? by 4,168.7% in the 1st quarter. US Bancorp DE now owns 4,226 shares of the company’s stock worth $47,000 after purchasing an additional 4,127 shares during the period. Caitong International Asset Management Co. Ltd boosted its stake in shares of Guess? by 20,181.5% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 5,476 shares of the company’s stock valued at $61,000 after purchasing an additional 5,449 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Guess? by 193.9% during the second quarter. GAMMA Investing LLC now owns 6,809 shares of the company’s stock worth $82,000 after buying an additional 4,492 shares during the period. 61.74% of the stock is currently owned by institutional investors.

Guess? Company Profile

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.