Guess? (NYSE:GES) Stock Price Expected to Rise, UBS Group Analyst Says

Guess? (NYSE:GES - Free Report) had its price objective raised by UBS Group from $11.00 to $12.00 in a report published on Thursday,Benzinga reports. They currently have a neutral rating on the stock.

Separately, Telsey Advisory Group restated a "market perform" rating and issued a $13.00 target price on shares of Guess? in a report on Friday, April 4th.

Guess? Stock Up 1.1%

Shares of Guess? stock traded up $0.12 during trading on Thursday, hitting $11.16. 182,185 shares of the stock traded hands, compared to its average volume of 1,225,178. The stock has a market cap of $580.44 million, a P/E ratio of 9.39 and a beta of 1.25. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.74 and a current ratio of 1.54. Guess? has a twelve month low of $8.48 and a twelve month high of $24.64. The company has a fifty day moving average price of $10.95 and a two-hundred day moving average price of $12.71.

Guess? (NYSE:GES - Get Free Report) last announced its quarterly earnings results on Thursday, April 3rd. The company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.07. The business had revenue of $932.25 million during the quarter, compared to analyst estimates of $916.75 million. Guess? had a return on equity of 23.29% and a net margin of 3.19%. The firm's revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the company earned $2.01 EPS. Equities research analysts predict that Guess? will post 1.92 EPS for the current fiscal year.

Guess? announced that its board has authorized a stock buyback program on Tuesday, March 25th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the company to purchase up to 38.5% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board believes its shares are undervalued.

Guess? Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 2nd. Investors of record on Wednesday, April 16th were issued a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, April 16th. This represents a $1.20 annualized dividend and a yield of 10.75%. Guess?'s dividend payout ratio (DPR) is currently 187.50%.

Institutional Investors Weigh In On Guess?

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its position in shares of Guess? by 7.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,290,336 shares of the company's stock valued at $46,261,000 after acquiring an additional 228,601 shares during the period. Vanguard Group Inc. boosted its position in shares of Guess? by 7.6% in the fourth quarter. Vanguard Group Inc. now owns 3,274,565 shares of the company's stock valued at $46,040,000 after acquiring an additional 231,926 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Guess? by 13.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,383,177 shares of the company's stock valued at $19,447,000 after acquiring an additional 167,782 shares during the period. Millennium Management LLC boosted its position in shares of Guess? by 160.2% in the fourth quarter. Millennium Management LLC now owns 1,159,249 shares of the company's stock valued at $16,299,000 after acquiring an additional 713,666 shares during the period. Finally, BNP Paribas Financial Markets boosted its position in shares of Guess? by 8.6% in the fourth quarter. BNP Paribas Financial Markets now owns 1,020,538 shares of the company's stock valued at $14,349,000 after acquiring an additional 80,944 shares during the period. 61.74% of the stock is currently 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.