Guess’ (NYSE:GES – Get Rating) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Thursday.
Other equities analysts also recently issued reports about the stock. TheStreet raised shares of Guess’ from a “c” rating to a “b” rating in a research note on Tuesday, March 14th. Telsey Advisory Group reiterated a “market perform” rating and issued a $23.00 target price on shares of Guess’ in a research note on Wednesday, March 15th. Finally, Small Cap Consu restated a “buy” rating on shares of Guess’ in a research note on Tuesday, March 28th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Guess’ has an average rating of “Moderate Buy” and a consensus price target of $26.00.
Guess’ Stock Performance
Shares of GES stock opened at $19.88 on Thursday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.92 and a current ratio of 1.59. Guess’ has a one year low of $14.27 and a one year high of $24.66. The company’s 50-day simple moving average is $20.35 and its 200-day simple moving average is $19.90. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 8.91 and a beta of 1.93.
Guess’ (NYSE:GES – Get Rating) last released its earnings results on Tuesday, March 14th. The company reported $1.74 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.44. The firm had revenue of $817.78 million during the quarter, compared to the consensus estimate of $772.00 million. Guess’ had a return on equity of 33.93% and a net margin of 5.57%. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.14 earnings per share. Equities analysts anticipate that Guess’ will post 2.66 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the stock. Amundi bought a new stake in shares of Guess’ during the 2nd quarter worth approximately $25,000. Coppell Advisory Solutions Corp. bought a new position in Guess’ in the 4th quarter valued at approximately $40,000. PNC Financial Services Group Inc. lifted its stake in Guess’ by 27.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,692 shares of the company’s stock valued at $59,000 after purchasing an additional 581 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in Guess’ by 244.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 4,267 shares of the company’s stock valued at $65,000 after purchasing an additional 3,030 shares during the last quarter. Finally, Mutual of America Capital Management LLC lifted its stake in Guess’ by 10.2% in the 3rd quarter. Mutual of America Capital Management LLC now owns 6,640 shares of the company’s stock valued at $97,000 after purchasing an additional 617 shares during the last quarter. Institutional investors and hedge funds own 58.81% of the company’s stock.
Guess’ Company Profile
Guess?, Inc engages in designing, marketing, distributing and licensing 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.