Guess’, Inc. (NYSE:GES) Receives $22.50 Consensus Target Price from Analysts

Posted by Defense World Staff on Jun 25th, 2023

Shares of Guess’, Inc. (NYSE:GES – Get Rating) have received a consensus rating of “Hold” from the three research firms that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $22.50.

GES has been the topic of several recent research reports. StockNews.com upgraded Guess’ from a “hold” rating to a “buy” rating in a research report on Friday, May 26th. Small Cap Consu restated a “buy” rating on shares of Guess’ in a report on Tuesday, March 28th. TheStreet lowered Guess’ from a “b” rating to a “c+” rating in a research note on Wednesday, May 24th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $23.00 price objective on shares of Guess’ in a research note on Wednesday, March 15th. Finally, 888 reaffirmed an “initiates” rating on shares of Guess’ in a research note on Friday, June 16th.

Guess’ Trading Down 2.8 %

Shares of Guess’ stock opened at $19.70 on Thursday. Guess’ has a 12-month low of $14.27 and a 12-month high of $24.15. The stock has a market cap of $1.05 billion, a P/E ratio of 10.42 and a beta of 1.95. The company has a quick ratio of 0.82, a current ratio of 1.46 and a debt-to-equity ratio of 0.86. The business’s 50 day moving average is $19.26 and its 200-day moving average is $20.41.

Guess’ (NYSE:GES – Get Rating) last posted its quarterly earnings results on Wednesday, May 24th. The company reported ($0.07) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.21. Guess’ had a return on equity of 29.04% and a net margin of 4.87%. The business had revenue of $569.80 million for the quarter, compared to analysts’ expectations of $555.63 million. During the same quarter in the prior year, the business earned $0.24 EPS. The firm’s revenue for the quarter was down 4.0% on a year-over-year basis. Equities research analysts predict that Guess’ will post 2.81 earnings per share for the current fiscal year.

Guess’ Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 23rd. Shareholders of record on Wednesday, June 7th were paid a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, June 6th. This is a positive change from Guess”s previous quarterly dividend of $0.23. This represents a $1.20 annualized dividend and a yield of 6.09%. Guess”s payout ratio is 63.49%.

Insider Buying and Selling at Guess’

In related news, Director Deborah Weinswig sold 20,000 shares of Guess’ stock in a transaction on Wednesday, June 7th. The shares were sold at an average price of $20.67, for a total value of $413,400.00. Following the completion of the sale, the director now owns 26,069 shares of the company’s stock, valued at approximately $538,846.23. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 41.00% of the company’s stock.

Institutional Trading of Guess’

Several institutional investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. raised its stake in shares of Guess’ by 27.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,692 shares of the company’s stock worth $59,000 after purchasing an additional 581 shares during the period. MetLife Investment Management LLC raised its stake in shares of Guess’ by 48.5% during the 1st quarter. MetLife Investment Management LLC now owns 22,428 shares of the company’s stock worth $490,000 after purchasing an additional 7,322 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Guess’ by 14.1% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 33,609 shares of the company’s stock worth $734,000 after purchasing an additional 4,152 shares during the period. APG Asset Management N.V. bought a new stake in shares of Guess’ during the 1st quarter worth $391,000. Finally, Great West Life Assurance Co. Can raised its stake in shares of Guess’ by 6.0% during the 1st quarter. Great West Life Assurance Co. Can now owns 37,147 shares of the company’s stock worth $833,000 after purchasing an additional 2,112 shares during the period. Institutional investors own 58.36% of the company’s stock.

About Guess’

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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.