Guess’ (NYSE:GES) Earns Hold Rating from Analysts at StockNews.com

Posted by Eileen French on Mar 19th, 2023

StockNews.com started coverage on shares of Guess’ (NYSE:GES – Get Rating) in a research note released on Thursday morning. The brokerage issued a hold rating on the stock.

A number of other research analysts have also issued reports on the stock. TheStreet upgraded shares of Guess’ from a c rating to a b rating in a research report on Tuesday. Telsey Advisory Group reiterated a market perform rating and set a $23.00 price target on shares of Guess’ in a research report on Wednesday.

Guess’ Stock Down 4.5 %

Guess’ stock opened at $19.17 on Thursday. The stock has a market cap of $1.04 billion, a P/E ratio of 8.60 and a beta of 1.87. The company has a quick ratio of 0.79, a current ratio of 1.59 and a debt-to-equity ratio of 0.74. Guess’ has a twelve month low of $14.27 and a twelve month high of $24.66. The company’s 50-day moving average price is $22.01 and its two-hundred day moving average price is $19.42.

Guess’ (NYSE:GES – Get Rating) last released its quarterly earnings results on Tuesday, March 14th. The company reported $1.74 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.44. The firm had revenue of $817.78 million for the quarter, compared to analysts’ expectations of $772.00 million. Guess’ had a net margin of 5.57% and a return on equity of 34.63%. The business’s revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.14 EPS. As a group, analysts expect that Guess’ will post 2.63 EPS for the current year.

Guess’ Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 14th. Shareholders of record on Wednesday, March 29th will be given a $0.225 dividend. The ex-dividend date is Tuesday, March 28th. This represents a $0.90 dividend on an annualized basis and a yield of 4.69%. Guess”s dividend payout ratio is currently 40.36%.

Institutional Trading of Guess’

A number of hedge funds have recently added to or reduced their stakes in the stock. Robotti Robert acquired a new stake in Guess’ in the fourth quarter valued at approximately $161,382,000. Coppell Advisory Solutions Corp. acquired a new stake in Guess’ in the fourth quarter valued at approximately $40,000. Point72 Middle East FZE bought a new position in shares of Guess’ during the fourth quarter valued at $135,000. Chimera Capital Management LLC bought a new position in shares of Guess’ during the fourth quarter valued at $1,128,000. Finally, Susquehanna Fundamental Investments LLC raised its stake in shares of Guess’ by 24.5% during the fourth quarter. Susquehanna Fundamental Investments LLC now owns 103,311 shares of the company’s stock valued at $2,138,000 after acquiring an additional 20,323 shares during the last quarter. Institutional investors and hedge funds own 58.81% of the company’s stock.

Guess’ Company Profile

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Guess?, Inc engages in designing, marketing, distributing and licensing of contemporary apparel and accessories for men, women and children that reflect the American lifestyle and European fashion sensibilities. It operates through the following segments: Americas Retail, Americas Wholesale, Europe, Asia, and Licensing.