Guess? (NYSE:GES - Get Free Report) had its target price raised by equities researchers at UBS Group from $11.00 to $12.00 in a report issued on Thursday,Benzinga reports. The firm currently has a "neutral" rating on the stock. UBS Group's price target would suggest a potential upside of 8.42% from the stock's current price.
Separately, Telsey Advisory Group restated a "market perform" rating and set a $13.00 target price on shares of Guess? in a research report on Friday, April 4th.
Read Our Latest Stock Analysis on Guess?
Guess? Trading Down 3.0%
GES stock opened at $11.07 on Thursday. The company has a quick ratio of 0.74, a current ratio of 1.54 and a debt-to-equity ratio of 1.18. Guess? has a twelve month low of $8.48 and a twelve month high of $25.31. The company has a market cap of $573.74 million, a P/E ratio of 9.30 and a beta of 1.25. The business has a fifty day moving average of $11.03 and a 200-day moving average of $12.90.
Guess? (NYSE:GES - Get Free Report) last announced its quarterly earnings data on Thursday, April 3rd. The company reported $1.48 EPS for the quarter, topping analysts' consensus estimates of $1.41 by $0.07. Guess? had a return on equity of 23.29% and a net margin of 3.19%. The firm had revenue of $932.25 million during the quarter, compared to analyst estimates of $916.75 million. During the same period last year, the company earned $2.01 earnings per share. The company's revenue was up 4.6% on a year-over-year basis. As a group, equities research analysts expect that Guess? will post 1.92 EPS for the current year.
Guess? announced that its board has approved a stock buyback plan on Tuesday, March 25th that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 38.5% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board believes its stock is undervalued.
Institutional Trading of Guess?
Hedge funds and other institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC boosted its stake in shares of Guess? by 713.0% during the 1st quarter. GAMMA Investing LLC now owns 2,317 shares of the company's stock worth $26,000 after acquiring an additional 2,032 shares during the period. Parallel Advisors LLC boosted its position in Guess? by 9,137.0% during the first quarter. Parallel Advisors LLC now owns 2,494 shares of the company's stock worth $28,000 after purchasing an additional 2,467 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its position in Guess? by 507.5% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 3,900 shares of the company's stock worth $43,000 after purchasing an additional 3,258 shares during the period. CWM LLC increased its holdings in shares of Guess? by 3,085.0% in the first quarter. CWM LLC now owns 4,236 shares of the company's stock valued at $47,000 after purchasing an additional 4,103 shares during the last quarter. Finally, US Bancorp DE raised its position 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 valued at $47,000 after purchasing an additional 4,127 shares during the period. Institutional investors and hedge funds own 61.74% of the company's stock.
About Guess?
(
Get Free Report)
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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