Guess? (NYSE:GES) Rating Increased to Strong-Buy at Zacks Research

Key Points

• Zacks Research upgraded Guess? (NYSE:GES) from a "hold" rating to a "strong-buy" rating, which indicates increased confidence in the company's stock performance.
• The company's recent earnings report showed a significant profit of $0.26 per share, beating the consensus estimate by $0.10, alongside a 5.5% rise in revenue year-over-year.
• UBS Group raised its target price for Guess? shares from $13.00 to $16.75, while the stock currently has a consensus rating of "Hold" with an average price target of $16.75.

Guess? (NYSE:GES - Get Free Report) was upgraded by stock analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a research note issued on Tuesday,Zacks.com reports.

Several other equities research analysts also recently weighed in on GES. UBS Group upped their target price on shares of Guess? from $13.00 to $16.75 and gave the stock a "neutral" rating in a research note on Thursday, August 28th. Small Cap Consu downgraded shares of Guess? from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 28th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Guess? in a research note on Wednesday, October 8th. Finally, Telsey Advisory Group reiterated a "market perform" rating and issued a $16.75 target price on shares of Guess? in a report on Thursday, August 28th. One analyst has rated the stock with a Strong Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Guess? has a consensus rating of "Hold" and an average price target of $16.75.

Guess? Price Performance

GES stock opened at $16.92 on Tuesday. The business's fifty day moving average price is $16.20 and its 200 day moving average price is $13.24. Guess? has a 12-month low of $8.48 and a 12-month high of $19.91. The company has a current ratio of 1.52, a quick ratio of 0.76 and a debt-to-equity ratio of 1.10. The company has a market capitalization of $880.93 million, a PE ratio of 105.73 and a beta of 1.26.

Guess? (NYSE:GES - Get Free Report) last released its earnings results on Wednesday, August 27th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.10. The company had revenue of $772.94 million during the quarter, compared to the consensus estimate of $758.72 million. Guess? had a return on equity of 16.44% and a net margin of 1.01%.Guess?'s revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.42 EPS. On average, sell-side analysts anticipate that Guess? will post 1.92 EPS for the current year.

Hedge Funds Weigh In On Guess?

Several large investors have recently bought and sold shares of GES. GAMMA Investing LLC raised its stake in Guess? by 713.0% in the first quarter. GAMMA Investing LLC now owns 2,317 shares of the company's stock valued at $26,000 after buying an additional 2,032 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Guess? by 507.5% in the 1st 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 during the last quarter. US Bancorp DE raised its position in shares of Guess? by 4,168.7% during the 1st quarter. US Bancorp DE now owns 4,226 shares of the company's stock worth $47,000 after acquiring an additional 4,127 shares in the last quarter. CWM LLC lifted its stake in Guess? by 3,085.0% during the first 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 last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its stake in 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 worth $61,000 after purchasing an additional 5,449 shares during the last quarter. Hedge funds and other institutional investors own 61.74% of the company's stock.

About Guess?

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.

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