Guess? (NYSE:GES) Lowered to Sell at ValuEngine

ValuEngine lowered shares of Guess? (NYSE:GES) from a hold rating to a sell rating in a report issued on Monday, May 20th, ValuEngine reports.

A number of other brokerages also recently issued reports on GES. Jefferies Financial Group raised Guess? from a hold rating to a buy rating and set a $24.00 price target on the stock in a report on Thursday, February 7th. Zacks Investment Research raised Guess? from a hold rating to a strong-buy rating and set a $22.00 target price on the stock in a report on Thursday, January 31st. B. Riley set a $29.00 target price on Guess? and gave the company a buy rating in a report on Friday, May 17th. Finally, Telsey Advisory Group reissued a market perform rating and issued a $19.00 target price (down previously from $22.00) on shares of Guess? in a report on Tuesday, April 23rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $23.50.

Shares of NYSE GES traded up $0.12 during trading on Monday, reaching $14.23. The company had a trading volume of 1,674,580 shares, compared to its average volume of 1,641,950. Guess? has a 12-month low of $13.88 and a 12-month high of $26.95. The stock has a market cap of $1.01 billion, a P/E ratio of 14.52, a P/E/G ratio of 0.66 and a beta of 0.45. The company has a current ratio of 1.42, a quick ratio of 0.68 and a debt-to-equity ratio of 1.84.

Guess? (NYSE:GES) last released its earnings results on Thursday, June 6th. The company reported ($0.25) EPS for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.01. Guess? had a return on equity of 10.10% and a net margin of 0.53%. The firm had revenue of $537.00 million for the quarter, compared to analysts’ expectations of $536.78 million. During the same period in the prior year, the firm posted ($0.23) earnings per share. The company’s quarterly revenue was up 3.1% on a year-over-year basis. As a group, analysts forecast that Guess? will post 1.26 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Wednesday, June 19th will be given a dividend of $0.112 per share. This represents a $0.45 annualized dividend and a dividend yield of 3.15%. The ex-dividend date is Tuesday, June 18th. Guess?’s dividend payout ratio is currently 91.84%.

In other Guess? news, Director Gianluca Bolla bought 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The stock was purchased at an average price of $14.73 per share, for a total transaction of $147,300.00. Following the completion of the transaction, the director now owns 85,552 shares of the company’s stock, valued at approximately $1,260,180.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 34.90% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Metropolitan Life Insurance Co. NY grew its stake in Guess? by 336.5% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 18,670 shares of the company’s stock worth $388,000 after buying an additional 14,393 shares during the last quarter. Teachers Advisors LLC grew its stake in Guess? by 2.4% during the 3rd quarter. Teachers Advisors LLC now owns 112,150 shares of the company’s stock valued at $2,535,000 after purchasing an additional 2,635 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in Guess? during the 1st quarter valued at about $29,000. AQR Capital Management LLC grew its stake in Guess? by 22.0% during the 3rd quarter. AQR Capital Management LLC now owns 62,097 shares of the company’s stock valued at $1,404,000 after purchasing an additional 11,179 shares during the last quarter. Finally, Bessemer Group Inc. grew its stake in Guess? by 41.8% during the 4th quarter. Bessemer Group Inc. now owns 764,463 shares of the company’s stock valued at $15,878,000 after purchasing an additional 225,201 shares during the last quarter. 76.96% of the stock is 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, knitwear, and intimate apparel.

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