UBS Group Forecasts Strong Price Appreciation for Guess? (NYSE:GES) Stock

Key Points

• UBS Group has increased its price target for Guess? (NYSE:GES) from $13.00 to $16.75, indicating a 0.68% downside from the stock's previous close.
• Guess? reported $0.26 EPS for the last quarter, exceeding estimates by $0.10, with the company observing a 5.5% year-over-year revenue growth.
• Institutional ownership of Guess? stock is strong, with several hedge funds significantly increasing their positions, bringing institutional ownership to 61.74%.

Guess? (NYSE:GES - Get Free Report) had its price objective lifted by investment analysts at UBS Group from $13.00 to $16.75 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a "neutral" rating on the stock. UBS Group's price target suggests a potential downside of 0.68% from the stock's previous close.

Separately, Telsey Advisory Group reiterated a "market perform" rating and issued a $16.75 target price on shares of Guess? in a report on Thursday. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Guess? presently has an average rating of "Hold" and a consensus target price of $16.75.

Guess? Price Performance

Shares of Guess? stock opened at $16.86 on Thursday. The stock has a market cap of $877.27 million, a price-to-earnings ratio of -70.25 and a beta of 1.24. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.76 and a current ratio of 1.57. The stock has a 50 day moving average price of $13.42 and a 200-day moving average price of $11.93. Guess? has a one year low of $8.48 and a one year high of $21.26.

Guess? (NYSE:GES - Get Free Report) last announced its quarterly earnings data on Wednesday, August 27th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.16 by $0.10. The company had revenue of $772.94 million for the quarter, compared to the consensus estimate of $758.72 million. Guess? had a return on equity of 18.25% and a net margin of 0.47%.Guess?'s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.42 EPS. Equities analysts expect that Guess? will post 1.92 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC increased its position in Guess? by 713.0% during the 1st 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. Parallel Advisors LLC increased its holdings in shares of Guess? by 9,137.0% in the first quarter. Parallel Advisors LLC now owns 2,494 shares of the company's stock valued at $28,000 after purchasing an additional 2,467 shares during the period. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Guess? by 507.5% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 3,900 shares of the company's stock valued at $43,000 after purchasing an additional 3,258 shares during the period. US Bancorp DE boosted its stake in shares of Guess? by 4,168.7% in the first quarter. US Bancorp DE now owns 4,226 shares of the company's stock worth $47,000 after buying an additional 4,127 shares during the last quarter. Finally, CWM LLC boosted its stake in shares of Guess? by 3,085.0% in the first quarter. CWM LLC now owns 4,236 shares of the company's stock worth $47,000 after buying an additional 4,103 shares during the last quarter. 61.74% of the stock is owned by institutional investors and hedge funds.

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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