Published On: Tue, Sep 6th, 2016

Guess Inc. (NYSE:GES) Receives Consensus Rating of “Hold” from Brokerages

Guess Inc. (NYSE:GES) has been assigned an average recommendation of “Hold” from the fifteen brokerages that are covering the company. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $18.54.
Guess (NYSE:GES) traded down 1.13% on Tuesday, reaching $15.73. 443,290 shares of the company’s stock traded hands. Guess has a 12 month low of $13.78 and a 12 month high of $23.45. The firm has a market cap of $1.33 billion and a PE ratio of 19.81. The firm’s 50-day moving average is $15.24 and its 200 day moving average is $16.95.
Guess (NYSE:GES) last announced its quarterly earnings results on Wednesday, August 24th. The company reported $0.14 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.07. The company had revenue of $545 million for the quarter, compared to the consensus estimate of $551.53 million. The company’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.21 earnings per share. Equities analysts predict that Guess will post $0.65 EPS for the current year.

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The company also recently announced a quarterly dividend, which will be paid on Friday, September 23rd. Shareholders of record on Wednesday, September 7th will be paid a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 5.66%. The ex-dividend date of this dividend is Friday, September 2nd.
In other Guess news, Director Anthony Chidoni sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, July 15th. The stock was sold at an average price of $15.54, for a total value of $62,160.00. Following the completion of the sale, the director now owns 157,744 shares of the company’s stock, valued at $2,451,341.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Several equities research analysts have recently weighed in on GES shares. Wunderlich reiterated a “buy” rating and set a $27.00 price target on shares of Guess in a research report on Monday, May 23rd. Standpoint Research upgraded Guess from a “hold” rating to a “buy” rating in a research report on Wednesday, May 25th. Mizuho decreased their price target on Guess from $19.00 to $17.00 and set a “neutral” rating on the stock in a research report on Thursday, May 26th. Telsey Advisory Group decreased their price target on Guess from $21.00 to $19.00 and set a “market perform” rating on the stock in a research report on Thursday, May 26th. Finally, Topeka Capital Markets decreased their price target on Guess from $19.00 to $16.00 and set a “hold” rating on the stock in a research report on Thursday, May 26th.
Guess?, Inc designs, markets, distributes and licenses a lifestyle collection of apparel and accessories for men, women and children. The Company operates through five segments: Americas Retail, which includes its retail and e-commerce operations in North and Central America and its retail operations in South America; Europe, which includes its wholesale, retail and e-commerce operations in Europe and the Middle East; Asia, which includes its retail, e-commerce and wholesale operations in Asia; Americas Wholesale, which includes its wholesale operations in the Americas, and Licensing, which includes licensing operations of the Company across the world.

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