Guess? (NYSE:GES) was upgraded by B. Riley from a “neutral” rating to a “buy” rating in a research note issued to investors on Monday, MarketBeat Ratings reports. The firm presently has a $17.00 price objective on the stock. B. Riley’s price target would indicate a potential upside of 8.01% from the stock’s current price. B. Riley also issued estimates for Guess?’s Q4 2018 earnings at $0.54 EPS, FY2018 earnings at $0.63 EPS, Q1 2019 earnings at ($0.15) EPS, Q2 2019 earnings at $0.25 EPS, Q3 2019 earnings at $0.16 EPS, Q4 2019 earnings at $0.64 EPS, FY2019 earnings at $0.91 EPS and FY2020 earnings at $1.22 EPS.
GES has been the subject of a number of other research reports. Zacks Investment Research upgraded Guess? from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a report on Thursday, November 23rd. Cowen restated a “hold” rating and set a $17.00 target price on shares of Guess? in a report on Wednesday, November 22nd. Finally, KeyCorp reiterated a “sector weight” rating on shares of Guess? in a report on Tuesday, February 20th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $15.21.
Guess? (GES) opened at $15.74 on Monday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.36 and a current ratio of 2.58. The company has a market capitalization of $1,235.76, a P/E ratio of -393.50, a P/E/G ratio of 1.01 and a beta of 0.42. Guess? has a twelve month low of $9.56 and a twelve month high of $19.62.
In other Guess? news, Director Kay Isaacson-Leibowitz sold 4,000 shares of the stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $17.73, for a total value of $70,920.00. Following the completion of the transaction, the director now owns 38,433 shares in the company, valued at $681,417.09. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 29.60% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of GES. Voya Investment Management LLC raised its holdings in Guess? by 17.0% in the second quarter. Voya Investment Management LLC now owns 26,649 shares of the company’s stock worth $341,000 after purchasing an additional 3,869 shares in the last quarter. Stifel Financial Corp purchased a new stake in shares of Guess? in the second quarter worth $526,000. State Street Corp grew its stake in shares of Guess? by 2.0% in the second quarter. State Street Corp now owns 3,839,229 shares of the company’s stock worth $49,066,000 after acquiring an additional 75,571 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Guess? in the second quarter worth $129,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Guess? in the second quarter worth $324,000. 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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