Guess? (NYSE:GES) Downgraded by Small Cap Consu to Hold

Key Points

• Guess? has been downgraded from a "strong-buy" to a "hold" rating by Small Cap Consu, indicating a shift in analyst sentiment regarding the stock's performance.
• The stock currently has an average rating of "Hold" with a consensus price target of $16.75, as several analysts have reiterated or adjusted their price forecasts.
• In its latest quarterly earnings, Guess? reported earnings per share of $0.26, surpassing expectations and showing a 5.5% increase in revenue compared to the previous year.

Small Cap Consu downgraded shares of Guess? (NYSE:GES - Free Report) from a strong-buy rating to a hold rating in a research report released on Thursday morning,Zacks.com reports.

Other analysts also recently issued research reports about the stock. UBS Group lifted their target price on shares of Guess? from $13.00 to $16.75 and gave the stock a "neutral" rating in a report on Thursday. Telsey Advisory Group restated a "market perform" rating and set a $16.75 price objective on shares of Guess? in a research report on Thursday. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $16.75.

Guess? Stock Performance

Shares of GES stock traded down $0.07 during trading on Thursday, reaching $16.83. 980,060 shares of the company's stock were exchanged, compared to its average volume of 1,515,389. Guess? has a twelve month low of $8.48 and a twelve month high of $21.26. The firm's fifty day moving average price is $13.63 and its 200-day moving average price is $11.99. The company has a quick ratio of 0.76, a current ratio of 1.52 and a debt-to-equity ratio of 1.22. The stock has a market capitalization of $875.19 million, a PE ratio of 105.16 and a beta of 1.24.

Guess? (NYSE:GES - Get Free Report) last announced its quarterly earnings results on Wednesday, August 27th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.10. Guess? had a return on equity of 16.86% and a net margin of 1.01%.The business had revenue of $772.94 million during the quarter, compared to the consensus estimate of $758.72 million. During the same quarter last year, the firm posted $0.42 EPS. The company's quarterly revenue was up 5.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Guess? will post 1.92 EPS for the current year.

Guess? Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Wednesday, September 10th will be paid a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 5.3%. The ex-dividend date is Wednesday, September 10th. Guess?'s payout ratio is 562.50%.

Hedge Funds Weigh In On Guess?

A number of hedge funds have recently added to or reduced their stakes in the stock. Pacific Ridge Capital Partners LLC bought a new stake in shares of Guess? during the 1st quarter valued at $515,000. Aigen Investment Management LP acquired a new position in Guess? in the first quarter valued at about $415,000. XTX Topco Ltd acquired a new position in Guess? in the first quarter valued at about $1,042,000. Allianz Asset Management GmbH grew its stake in Guess? by 38.4% during the first quarter. Allianz Asset Management GmbH now owns 644,308 shares of the company's stock worth $7,132,000 after buying an additional 178,848 shares in the last quarter. Finally, Millennium Management LLC increased its holdings in Guess? by 160.2% in the 4th quarter. Millennium Management LLC now owns 1,159,249 shares of the company's stock valued at $16,299,000 after buying an additional 713,666 shares during the period. 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.