Telsey Advisory Group Reaffirms Market Perform Rating for Guess? (NYSE:GES)

Guess? (NYSE:GES)‘s stock had its “market perform” rating reiterated by Telsey Advisory Group in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $16.75 target price on the stock. Telsey Advisory Group’s target price would indicate a potential downside of 1.73% from the stock’s previous close.

Other equities research analysts also recently issued reports about the stock. Zacks Research downgraded shares of Guess? from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 12th. Weiss Ratings reissued a “hold (c-)” rating on shares of Guess? in a research report on Wednesday, October 8th. Small Cap Consu lowered Guess? from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 28th. Finally, UBS Group lifted their price objective on Guess? from $13.00 to $16.75 and gave the company a “neutral” rating in a research note on Thursday, August 28th. Five research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $16.75.

Guess? Trading Down 0.0%

Shares of Guess? stock traded down $0.01 during trading hours on Wednesday, hitting $17.05. The company’s stock had a trading volume of 70,630 shares, compared to its average volume of 1,058,286. The stock has a market cap of $888.93 million, a price-to-earnings ratio of 106.54 and a beta of 1.28. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.76 and a current ratio of 1.52. Guess? has a twelve month low of $8.48 and a twelve month high of $17.43. The firm has a fifty day moving average of $16.87 and a 200-day moving average of $14.59.

Guess? (NYSE:GES) last issued its quarterly earnings data on Tuesday, November 25th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.10. Guess? had a return on equity of 16.44% and a net margin of 1.01%.The firm had revenue of $791.43 million during the quarter, compared to the consensus estimate of $767.93 million. During the same period last year, the company earned $0.34 EPS. The company’s quarterly revenue was up 7.1% on a year-over-year basis. Research analysts forecast that Guess? will post 1.92 EPS for the current year.

Hedge Funds Weigh In On Guess?

Several hedge funds and other institutional investors have recently made changes to their positions in GES. Advisory Services Network LLC acquired a new position in shares of Guess? during the third quarter worth about $38,000. First Trust Capital Management L.P. acquired a new position in Guess? during the 3rd quarter worth approximately $1,150,000. Verition Fund Management LLC purchased a new stake in shares of Guess? in the 3rd quarter valued at approximately $481,000. Qube Research & Technologies Ltd acquired a new stake in shares of Guess? in the 3rd quarter valued at $1,245,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Guess? by 9.7% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,064,173 shares of the company’s stock worth $17,782,000 after purchasing an additional 94,234 shares during the last quarter. Hedge funds and other institutional investors own 61.74% of the company’s stock.

About Guess?

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.