Guess? (GES) Raised to Buy at ValuEngine

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Guess? (NYSE:GES) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Friday.

Other research analysts also recently issued reports about the stock. Jefferies Financial Group raised shares of Guess? from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research note on Thursday. Zacks Investment Research raised shares of Guess? from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research note on Friday, November 30th. Finally, TheStreet downgraded shares of Guess? from a “b” rating to a “c+” rating in a research note on Thursday, November 29th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Guess? presently has an average rating of “Buy” and a consensus target price of $23.40.

Shares of NYSE GES opened at $20.50 on Friday. The company has a current ratio of 1.93, a quick ratio of 0.95 and a debt-to-equity ratio of 0.04. Guess? has a 52 week low of $14.39 and a 52 week high of $26.95. The firm has a market capitalization of $1.71 billion, a P/E ratio of 29.29, a PEG ratio of 0.85 and a beta of 0.22.

Guess? (NYSE:GES) last issued its earnings results on Wednesday, November 28th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.03). Guess? had a positive return on equity of 8.39% and a negative net margin of 0.32%. The firm had revenue of $605.00 million during the quarter, compared to analysts’ expectations of $603.08 million. During the same period in the previous year, the firm earned $0.12 earnings per share. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. On average, analysts anticipate that Guess? will post 1.02 earnings per share for the current fiscal year.

In related news, Director Anthony Chidoni sold 12,000 shares of Guess? stock in a transaction on Friday, December 21st. The shares were sold at an average price of $18.87, for a total value of $226,440.00. Following the sale, the director now owns 172,290 shares in the company, valued at $3,251,112.30. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 31.30% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its holdings in Guess? by 2.5% in the fourth quarter. BlackRock Inc. now owns 8,317,868 shares of the company’s stock valued at $172,762,000 after acquiring an additional 201,200 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Guess? by 1.8% in the third quarter. Vanguard Group Inc. now owns 5,839,117 shares of the company’s stock valued at $131,965,000 after acquiring an additional 104,828 shares in the last quarter. Vanguard Group Inc boosted its holdings in Guess? by 1.8% in the third quarter. Vanguard Group Inc now owns 5,839,117 shares of the company’s stock valued at $131,965,000 after acquiring an additional 104,828 shares in the last quarter. Elk Creek Partners LLC bought a new stake in Guess? in the third quarter valued at $13,265,000. Finally, Majedie Asset Management Ltd boosted its holdings in Guess? by 2.7% in the third quarter. Majedie Asset Management Ltd now owns 570,301 shares of the company’s stock valued at $12,889,000 after acquiring an additional 14,997 shares in the last quarter. Institutional investors and hedge funds own 70.34% of the company’s stock.

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, knitwear, and intimate apparel.

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