Brokerages Set Guess?, Inc. (NYSE:GES) Price Target at $31.25

Guess?, Inc. (NYSE:GES) has earned an average rating of “Hold” from the four research firms that are currently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $30.25.

A number of analysts have recently commented on the company. Telsey Advisory Group reiterated a “market perform” rating and set a $26.00 target price on shares of Guess? in a research report on Tuesday, August 20th. StockNews.com cut Guess? from a “buy” rating to a “hold” rating in a research note on Monday, June 3rd. Finally, UBS Group decreased their price objective on Guess? from $32.00 to $29.00 and set a “neutral” rating for the company in a report on Thursday, May 23rd.

Institutional Trading of Guess?

A number of hedge funds have recently added to or reduced their stakes in GES. Quest Partners LLC raised its stake in shares of Guess? by 186.2% during the second quarter. Quest Partners LLC now owns 1,305 shares of the company’s stock worth $27,000 after purchasing an additional 849 shares during the last quarter. Headlands Technologies LLC acquired a new position in Guess? in the 1st quarter valued at $60,000. Nisa Investment Advisors LLC raised its position in Guess? by 405.6% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,867 shares of the company’s stock worth $66,000 after buying an additional 2,300 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Guess? by 19.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,838 shares of the company’s stock worth $135,000 after acquiring an additional 944 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Guess? by 72.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,092 shares of the company’s stock valued at $206,000 after acquiring an additional 4,254 shares in the last quarter. 61.74% of the stock is owned by institutional investors and hedge funds.

Guess? Stock Performance

Shares of Guess? stock opened at $21.35 on Tuesday. The firm has a market capitalization of $1.14 billion, a P/E ratio of 6.37 and a beta of 1.91. The company has a quick ratio of 0.85, a current ratio of 1.57 and a debt-to-equity ratio of 0.92. Guess? has a 52 week low of $19.58 and a 52 week high of $33.50. The firm’s 50 day moving average is $21.84 and its two-hundred day moving average is $24.55.

Guess? (NYSE:GES) last posted its earnings results on Thursday, May 30th. The company reported ($0.27) EPS for the quarter, beating analysts’ consensus estimates of ($0.40) by $0.13. Guess? had a net margin of 7.97% and a return on equity of 26.92%. The firm had revenue of $591.90 million for the quarter, compared to the consensus estimate of $574.64 million. During the same period last year, the firm posted ($0.07) EPS. The company’s revenue was up 3.9% on a year-over-year basis. Research analysts forecast that Guess? will post 2.88 EPS for the current fiscal year.

Guess? Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Wednesday, June 12th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 5.62%. The ex-dividend date of this dividend was Wednesday, June 12th. Guess?’s dividend payout ratio is presently 35.82%.

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, activewear, knitwear, and intimate apparel.