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

Telsey Advisory Group reiterated their market perform rating on shares of Guess? (NYSE:GES) in a research note released on Monday morning,Benzinga reports. Telsey Advisory Group currently has a $16.75 price objective on the stock.

GES has been the subject of a number of other reports. Zacks Research upgraded shares of Guess? from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Guess? in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $16.75.

Guess? Trading Down 0.2%

Shares of GES stock opened at $16.82 on Monday. The business’s fifty day moving average price is $16.86 and its 200 day moving average price is $16.13. The firm has a market capitalization of $877.20 million, a PE ratio of 15.15 and a beta of 0.96. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.63 and a quick ratio of 0.79. Guess? has a 1-year low of $8.48 and a 1-year high of $17.15.

Guess? (NYSE:GES) last issued its earnings results on Tuesday, November 25th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.25 by $0.10. The company had revenue of $791.43 million for the quarter, compared to analyst estimates of $767.93 million. Guess? had a net margin of 2.56% and a return on equity of 16.11%. The business’s revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.34 EPS. As a group, sell-side analysts forecast that Guess? will post 1.92 EPS for the current fiscal year.

Guess? Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Wednesday, December 10th were issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date of this dividend was Wednesday, December 10th. Guess?’s payout ratio is 81.08%.

Institutional Trading of Guess?

A number of large investors have recently made changes to their positions in GES. SG Americas Securities LLC raised its stake in Guess? by 41.0% in the 4th quarter. SG Americas Securities LLC now owns 110,797 shares of the company’s stock valued at $1,856,000 after purchasing an additional 32,199 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Guess? by 0.4% in the third quarter. JPMorgan Chase & Co. now owns 261,185 shares of the company’s stock valued at $4,364,000 after buying an additional 925 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in shares of Guess? in the third quarter valued at approximately $50,000. Advisory Services Network LLC purchased a new position in shares of Guess? during the third quarter valued at approximately $38,000. Finally, First Trust Capital Management L.P. acquired a new stake in Guess? during the third quarter worth approximately $1,150,000. Institutional investors and hedge funds own 61.74% of the company’s stock.

Guess? Company Profile

Guess?, Inc is a global fashion brand known for its lifestyle apparel, footwear and accessories. The company designs, markets and distributes a portfolio of apparel products under various brands, including its flagship Guess line and the premium Marciano label. Through its vertically integrated business model, Guess? oversees product development, manufacturing arrangements, marketing and distribution across wholesale and retail channels.

Guess?’s product offerings span denim, ready-to-wear, handbags, watches, jewelry and footwear for men, women and children.