Guess? (NYSE:GES) Given "Hold (C-)" Rating at Weiss Ratings

Key Points

• Weiss Ratings has reaffirmed a "hold (C-)" rating for Guess? (NYSE:GES), indicating a neutral stance on the stock's performance.
• Several research firms, including UBS Group, have set a target price of $16.75 for Guess?, reflecting a consensus view of its market value.
• Guess? exceeded analysts' expectations with Q2 earnings of $0.26 per share on revenue of $772.94 million, showing a 5.5% increase compared to the previous year.

Guess? (NYSE:GES - Get Free Report)'s stock had its "hold (c-)" rating reaffirmed by investment analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Several other research firms have also commented on GES. Small Cap Consu lowered Guess? from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 28th. Telsey Advisory Group reiterated a "market perform" rating and issued a $16.75 price target on shares of Guess? in a research report on Thursday, August 28th. Finally, UBS Group lifted their price target on Guess? from $13.00 to $16.75 and gave the stock a "neutral" rating in a research report on Thursday, August 28th. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of "Hold" and an average target price of $16.75.

Guess? Trading Up 0.2%

Shares of Guess? stock opened at $16.81 on Wednesday. The firm has a market cap of $875.46 million, a price-to-earnings ratio of 105.07 and a beta of 1.26. The business has a 50-day moving average price of $15.82 and a 200-day moving average price of $13.06. The company has a quick ratio of 0.76, a current ratio of 1.52 and a debt-to-equity ratio of 1.10. Guess? has a twelve month low of $8.48 and a twelve month high of $19.91.

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

Institutional Trading of Guess?

Several institutional investors and hedge funds have recently modified their holdings of GES. GAMMA Investing LLC raised its stake in shares of Guess? by 713.0% during the first quarter. GAMMA Investing LLC now owns 2,317 shares of the company's stock valued at $26,000 after acquiring an additional 2,032 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Guess? by 507.5% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 3,900 shares of the company's stock valued at $43,000 after acquiring an additional 3,258 shares in the last quarter. CWM LLC raised its stake in shares of Guess? by 3,085.0% during the first quarter. CWM LLC now owns 4,236 shares of the company's stock valued at $47,000 after acquiring an additional 4,103 shares in the last quarter. US Bancorp DE raised its stake in shares of Guess? by 4,168.7% during the first quarter. US Bancorp DE now owns 4,226 shares of the company's stock valued at $47,000 after acquiring an additional 4,127 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its stake in shares of Guess? by 20,181.5% during the first quarter. Caitong International Asset Management Co. Ltd now owns 5,476 shares of the company's stock valued at $61,000 after acquiring an additional 5,449 shares in the last quarter. Institutional investors own 61.74% 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, activewear, knitwear, and intimate apparel.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.