Guess? (GES) Raised to Hold at Zacks Investment Research

Guess? (NYSE:GES) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Wednesday.

According to Zacks, “Guess? has been facing a tough retail environment in the Americas, due to lower consumer spending. As a result, the company has resorted to store closures in these regions to focus on other prospective areas. Also, the company remains exposed to the unfavorable currency fluctuations. Consequently, Guess? has lagged the industry in the past three months. Nonetheless, the company has a solid earnings susprise history. Evidently, the third quarter of fiscal 2018 marked its third straight earnings beat. During the quarter, the company’s performance gained from continued strength in European and Asia business segments. The regions have been depicting robust growth backed by store openings, positive comps and wholesale growth. Driven by such upsides, management raised fiscal 2018 earnings view. Also, management is optimistic about e-commerce business that has been improving steadily. Estimates have been stable lately ahead of earnings.”

Several other research firms also recently weighed in on GES. Cowen restated a “hold” rating and issued a $17.00 price objective on shares of Guess? in a report on Wednesday, November 22nd. B. Riley began coverage on Guess? in a report on Friday, December 22nd. They issued a “neutral” rating and a $17.00 price objective for the company. Finally, KeyCorp restated a “sector weight” rating on shares of Guess? in a report on Tuesday. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. Guess? currently has a consensus rating of “Hold” and an average target price of $15.21.

Shares of Guess? (NYSE GES) opened at $14.82 on Wednesday. The company has a quick ratio of 1.36, a current ratio of 2.58 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $1,216.01, a PE ratio of 30.79, a P/E/G ratio of 1.00 and a beta of 0.42. Guess? has a fifty-two week low of $9.56 and a fifty-two week high of $19.62.

Guess? (NYSE:GES) last released its quarterly earnings data on Tuesday, November 21st. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.01. The firm had revenue of $554.00 million during the quarter, compared to the consensus estimate of $569.75 million. Guess? had a positive return on equity of 4.35% and a negative net margin of 0.10%. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.11 earnings per share. research analysts anticipate that Guess? will post 0.61 EPS for the current fiscal year.

In other news, Director Kay Isaacson-Leibowitz sold 4,000 shares of the business’s stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $17.73, for a total transaction of $70,920.00. Following the sale, the director now owns 38,433 shares in the company, valued at $681,417.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 29.60% of the stock is currently owned by insiders.

Several hedge funds have recently modified their holdings of GES. Teachers Advisors LLC boosted its position in Guess? by 4.0% in the second quarter. Teachers Advisors LLC now owns 109,515 shares of the company’s stock valued at $1,400,000 after buying an additional 4,242 shares during the last quarter. Voya Investment Management LLC boosted its position in Guess? by 17.0% in the second quarter. Voya Investment Management LLC now owns 26,649 shares of the company’s stock valued at $341,000 after buying an additional 3,869 shares during the last quarter. Stifel Financial Corp purchased a new stake in Guess? in the second quarter valued at approximately $526,000. State Street Corp boosted its position in Guess? by 2.0% in the second quarter. State Street Corp now owns 3,839,229 shares of the company’s stock valued at $49,066,000 after buying an additional 75,571 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in Guess? in the second quarter valued at approximately $129,000. Institutional investors and hedge funds own 79.12% of the company’s stock.

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Guess? Company Profile

Guess?, Inc designs, markets, distributes and licenses a lifestyle collections of apparel and accessories for men, women and children. The Company operates through five segments: Americas Retail, Europe, Asia, Americas Wholesale and Licensing. The Americas Retail segment includes the Company’s retail and e-commerce operations in North and Central America and its retail operations in South America.

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