UBS Group Boosts Guess? (NYSE:GES) Price Target to $12.00

Guess? (NYSE:GES) had its target price increased by stock analysts at UBS Group from $11.00 to $12.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s price target points to a potential upside of 8.55% from the stock’s previous close.

Separately, Telsey Advisory Group reaffirmed a “market perform” rating and set a $13.00 target price on shares of Guess? in a report on Friday, April 4th.

Guess? Trading Down 0.4%

Shares of Guess? stock opened at $11.06 on Thursday. The company has a quick ratio of 0.74, a current ratio of 1.54 and a debt-to-equity ratio of 1.18. The firm has a market cap of $573.07 million, a price-to-earnings ratio of 9.29 and a beta of 1.25. The business has a fifty day simple moving average of $10.97 and a 200-day simple moving average of $12.82. Guess? has a fifty-two week low of $8.48 and a fifty-two week high of $24.64.

Guess? (NYSE:GES) last announced its quarterly earnings data on Thursday, April 3rd. The company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.07. The business had revenue of $932.25 million during the quarter, compared to analyst estimates of $916.75 million. Guess? had a return on equity of 23.29% and a net margin of 3.19%. The company’s revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.01 earnings per share. On average, equities analysts forecast that Guess? will post 1.92 EPS for the current fiscal year.

Guess? announced that its Board of Directors has approved a stock repurchase plan on Tuesday, March 25th that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the company to repurchase up to 38.5% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Institutional Investors Weigh In On Guess?

Several hedge funds have recently modified their holdings of GES. KBC Group NV purchased a new stake in shares of Guess? during the fourth quarter valued at $2,349,000. EMC Capital Management raised its position in Guess? by 158.0% during the fourth quarter. EMC Capital Management now owns 9,908 shares of the company’s stock valued at $139,000 after buying an additional 6,068 shares during the period. Verity Asset Management Inc. raised its position in Guess? by 41.5% during the fourth quarter. Verity Asset Management Inc. now owns 22,972 shares of the company’s stock valued at $323,000 after buying an additional 6,738 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in Guess? by 23.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 20,533 shares of the company’s stock valued at $280,000 after buying an additional 3,906 shares during the period. Finally, Empowered Funds LLC raised its position in Guess? by 5.1% during the fourth quarter. Empowered Funds LLC now owns 263,961 shares of the company’s stock valued at $3,711,000 after buying an additional 12,795 shares during the period. 61.74% of the stock is owned by hedge funds and other institutional investors.

Guess? Company Profile

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.