Guess? (NYSE:GES) Price Target Cut to $18.00 by Analysts at Telsey Advisory Group

Guess? (NYSE:GES) had its price target reduced by analysts at Telsey Advisory Group from $21.00 to $18.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a “market perform” rating on the stock. Telsey Advisory Group’s price objective would indicate a potential upside of 3.63% from the company’s current price.

Separately, UBS Group decreased their price target on Guess? from $24.00 to $22.00 and set a “neutral” rating on the stock in a research report on Friday, August 30th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $26.50.

Guess? Trading Down 3.7 %

Shares of Guess? stock opened at $17.37 on Wednesday. The stock has a market capitalization of $893.17 million, a P/E ratio of 7.00 and a beta of 1.94. Guess? has a 52-week low of $16.05 and a 52-week high of $33.50. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.76 and a current ratio of 1.47. The stock’s 50-day simple moving average is $18.32 and its 200 day simple moving average is $20.77.

Guess? (NYSE:GES) last released its quarterly earnings data on Tuesday, November 26th. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.03). Guess? had a return on equity of 24.18% and a net margin of 6.05%. The business had revenue of $738.52 million during the quarter, compared to the consensus estimate of $747.36 million. During the same period last year, the business posted $0.49 earnings per share. The firm’s quarterly revenue was up 13.4% on a year-over-year basis. As a group, research analysts anticipate that Guess? will post 2.63 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Quest Partners LLC boosted its position in Guess? by 186.2% during the second quarter. Quest Partners LLC now owns 1,305 shares of the company’s stock valued at $27,000 after buying an additional 849 shares during the period. Quarry LP increased its position in Guess? by 216.9% during the 3rd quarter. Quarry LP now owns 3,359 shares of the company’s stock valued at $68,000 after purchasing an additional 2,299 shares during the period. Sanctuary Advisors LLC bought a new position in Guess? in the second quarter worth about $160,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Guess? by 72.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,092 shares of the company’s stock worth $206,000 after acquiring an additional 4,254 shares in the last quarter. Finally, Optimist Retirement Group LLC purchased a new position in Guess? during the second quarter valued at $212,000. 61.74% of the stock is currently owned by institutional investors.

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.