Guess? (GES) Receives “Hold” Rating from B. Riley

Guess? (NYSE:GES)‘s stock had its “hold” rating reaffirmed by research analysts at B. Riley in a research report issued to clients and investors on Tuesday. They presently have a $17.00 target price on the stock. B. Riley’s price target would suggest a potential upside of 3.22% from the stock’s current price.

GES has been the subject of several other reports. Jefferies Group reaffirmed a “hold” rating and set a $13.00 price target on shares of Guess? in a report on Thursday, September 28th. Zacks Investment Research cut Guess? from a “buy” rating to a “hold” rating in a research report on Friday, December 15th. Finally, Cowen reiterated a “hold” rating and issued a $17.00 price objective on shares of Guess? in a research report on Wednesday, November 22nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $15.10.

Shares of Guess? (GES) traded down $0.01 during midday trading on Tuesday, hitting $16.47. The company had a trading volume of 795,100 shares, compared to its average volume of 804,280. The company has a current ratio of 2.58, a quick ratio of 1.36 and a debt-to-equity ratio of 0.04. Guess? has a 52-week low of $9.56 and a 52-week high of $18.30. The firm has a market capitalization of $1,310.00, a P/E ratio of -411.75, a PEG ratio of 1.54 and a beta of 0.42.

Guess? (NYSE:GES) last issued its quarterly earnings results on Tuesday, November 21st. The company reported $0.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.01. Guess? had a positive return on equity of 4.35% and a negative net margin of 0.10%. The firm had revenue of $554.00 million during the quarter, compared to the consensus estimate of $569.75 million. During the same period last year, the company earned $0.11 earnings per share. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. research analysts expect that Guess? will post 0.61 EPS for the current year.

In other Guess? news, Director Kay Isaacson-Leibowitz sold 4,000 shares of the stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $17.73, for a total value of $70,920.00. Following the completion of the transaction, the director now owns 38,433 shares in the company, valued at $681,417.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 29.60% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. California Public Employees Retirement System increased its position in shares of Guess? by 5.4% in the third quarter. California Public Employees Retirement System now owns 396,221 shares of the company’s stock valued at $6,748,000 after buying an additional 20,287 shares in the last quarter. Cubist Systematic Strategies LLC increased its position in shares of Guess? by 183.8% in the third quarter. Cubist Systematic Strategies LLC now owns 28,709 shares of the company’s stock valued at $489,000 after buying an additional 18,592 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Guess? in the third quarter valued at $5,136,000. Invictus RG purchased a new position in shares of Guess? in the third quarter valued at $256,000. Finally, Schwab Charles Investment Management Inc. increased its position in shares of Guess? by 4.9% in the third quarter. Schwab Charles Investment Management Inc. now owns 1,041,717 shares of the company’s stock valued at $17,741,000 after buying an additional 48,246 shares in the last quarter. Institutional investors and hedge funds own 82.38% of the company’s stock.

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Guess? Company Profile

Guess?, Inc designs, markets, distributes and licenses a lifestyle collections of apparel and accessories for men, women and children. The Company operates through five segments: Americas Retail, Europe, Asia, Americas Wholesale and Licensing. The Americas Retail segment includes the Company’s retail and e-commerce operations in North and Central America and its retail operations in South America.

Analyst Recommendations for Guess? (NYSE:GES)

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