Guess' (GES) Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Guess' in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" GES shares.
View GES analyst ratings or view top-rated stocks.

2 analysts have issued 1-year target prices for Guess''s shares. Their GES share price forecasts range from $23.00 to $23.00. On average, they anticipate the company's share price to reach $23.00 in the next year. This suggests a possible upside of 21.8% from the stock's current price.
View analysts price targets for GES or view top-rated stocks among Wall Street analysts.

Guess''s stock was trading at $20.69 at the beginning of the year. Since then, GES shares have decreased by 8.7% and is now trading at $18.88.
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Guess' saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 6,840,000 shares, an increase of 15.2% from the April 15th total of 5,940,000 shares. Based on an average daily trading volume, of 820,200 shares, the days-to-cover ratio is presently 8.3 days. Approximately 24.1% of the shares of the company are sold short.
View Guess''s Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 23rd 2023.
View our GES earnings forecast.

Guess', Inc. (NYSE:GES) issued its quarterly earnings results on Wednesday, May, 24th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.28) by $0.21. The business earned $569.80 million during the quarter, compared to the consensus estimate of $555.63 million. Guess' had a trailing twelve-month return on equity of 29.66% and a net margin of 4.87%. The firm's revenue for the quarter was down 4.0% on a year-over-year basis. During the same period last year, the company earned $0.24 EPS.

Guess' announced a quarterly dividend on Wednesday, May 24th. Investors of record on Wednesday, June 7th will be paid a dividend of $0.30 per share on Friday, June 23rd. This represents a $1.20 dividend on an annualized basis and a yield of 6.36%. The ex-dividend date is Tuesday, June 6th. This is an increase from the stock's previous quarterly dividend of $0.23.
Read our dividend analysis for GES.

ETFs with the largest weight of Guess' (NYSE:GES) stock in their portfolio include SPDR S&P Retail ETF (XRT), Roundhill Acquirers Deep Value ETF (DEEP), Direxion Daily Retail Bull 3X Shares (RETL), WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS), Invesco S&P SmallCap Consumer Discretionary ETF (PSCD), Invesco DWA SmallCap Momentum ETF (DWAS), Invesco S&P SmallCap 600 Pure Value ETF (RZV) and WisdomTree U.S. SmallCap Dividend Fund (DES).

Guess' (NYSE:GES) pays an annual dividend of $0.90 per share and currently has a dividend yield of 4.59%. GES has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 47.62%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GES will have a dividend payout ratio of 29.90% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GES.

Guess' declared that its board has authorized a share buyback program on Monday, March 21st 2022, which allows the company to buyback $175,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 12.4% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its stock is undervalued.

Guess' issued an update on its second quarter 2024 earnings guidance on Friday, May, 26th. The company provided earnings per share (EPS) guidance of $0.35-$0.42 for the period, compared to the consensus earnings per share estimate of $0.48. The company issued revenue guidance of $633.05 million-$642.69 million, compared to the consensus revenue estimate of $646.03 million.

82 employees have rated Guess' Chief Executive Officer Carlos Alberini on Glassdoor.com. Carlos Alberini has an approval rating of 69% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Guess' investors own include Coty (COTY), CVS Health (CVS), Energy Transfer (ET), AT&T (T), Ford Motor (F), Intel (INTC), Carnival Co. & (CCL), Micron Technology (MU), American Airlines Group (AAL) and Invesco Mortgage Capital (IVR).

Guess' trades on the New York Stock Exchange (NYSE) under the ticker symbol "GES."

Guess''s stock is owned by many different retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (6.04%), State Street Corp (2.64%), Legion Partners Asset Management LLC (2.62%), Charles Schwab Investment Management Inc. (1.81%), Arrowstreet Capital Limited Partnership (1.46%) and Bank of New York Mellon Corp (1.23%). Insiders that own company stock include Anthony Chidoni, Carlos Alberini, Gianluca Bolla, Kathryn Low Anderson and Paul Marciano.
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Shares of GES stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of GES stock can currently be purchased for approximately $18.88.

Guess' (NYSE:GES) has a market capitalization of $1.05 billion and generates $2.69 billion in revenue each year. The company earns $149.61 million in net income (profit) each year or $1.89 on an earnings per share basis.

The company employs 12,500 workers across the globe.

Guess''s mailing address is 1444 SOUTH ALAMEDA STREET, LOS ANGELES CA, 90021. The official website for the company is www.guess.com. The company can be reached via phone at (213) 765-3100, via email at ir@guess.com, or via fax at 302-636-5454.