KeyCorp Reiterates “Sector Weight” Rating for Guess? (GES)

Guess? (NYSE:GES)‘s stock had its “sector weight” rating reaffirmed by investment analysts at KeyCorp in a research note issued on Tuesday.

Several other brokerages have also recently issued reports on GES. Zacks Investment Research cut Guess? from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Cowen reiterated a “hold” rating and issued a $17.00 price objective on shares of Guess? in a research note on Wednesday, November 22nd. Finally, B. Riley reiterated a “buy” rating on shares of Guess? in a research note on Wednesday, November 1st. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $15.21.

Guess? (NYSE:GES) traded down $0.68 during midday trading on Tuesday, reaching $14.86. The company’s stock had a trading volume of 793,234 shares, compared to its average volume of 1,285,500. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.36 and a current ratio of 2.58. The firm has a market cap of $1,230.00, a P/E ratio of -370.25, a P/E/G ratio of 1.05 and a beta of 0.42. Guess? has a 52 week low of $9.56 and a 52 week high of $19.62.

Guess? (NYSE:GES) last announced its quarterly earnings data on Tuesday, November 21st. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.01. The business had revenue of $554.00 million during the quarter, compared to analysts’ expectations of $569.75 million. Guess? had a positive return on equity of 4.35% and a negative net margin of 0.10%. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.11 EPS. sell-side analysts anticipate that Guess? will post 0.61 EPS for the current fiscal year.

In related news, Director Kay Isaacson-Leibowitz sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $17.73, for a total transaction of $70,920.00. Following the completion of the sale, 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 SEC, which is available through the SEC website. 29.60% of the stock is owned by insiders.

A number of hedge funds have recently bought and sold shares of the stock. MetLife Investment Advisors LLC purchased a new stake in Guess? during the fourth quarter worth approximately $515,000. Castleark Management LLC lifted its stake in Guess? by 14.2% during the fourth quarter. Castleark Management LLC now owns 815,875 shares of the company’s stock worth $13,772,000 after purchasing an additional 101,195 shares during the last quarter. Macquarie Group Ltd. lifted its stake in Guess? by 114.4% in the fourth quarter. Macquarie Group Ltd. now owns 222,539 shares of the company’s stock valued at $3,756,000 after buying an additional 118,739 shares during the last quarter. Jane Street Group LLC lifted its stake in Guess? by 96.6% in the fourth quarter. Jane Street Group LLC now owns 25,168 shares of the company’s stock valued at $425,000 after buying an additional 12,368 shares during the last quarter. Finally, Millennium Management LLC purchased a new stake in Guess? in the fourth quarter valued at approximately $1,124,000. Hedge funds and other institutional investors own 79.12% 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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