B. Riley set a $20.00 price objective on Guess? (NYSE:GES) in a research report released on Thursday morning. The firm currently has a buy rating on the stock. B. Riley also issued estimates for Guess?’s Q2 2019 earnings at $0.29 EPS, Q3 2019 earnings at $0.18 EPS, Q4 2019 earnings at $0.75 EPS, FY2019 earnings at $0.97 EPS and FY2020 earnings at $1.21 EPS.
A number of other research analysts also recently issued reports on GES. Cowen restated a hold rating and set a $17.00 price target on shares of Guess? in a research note on Wednesday, November 22nd. Zacks Investment Research upgraded Guess? from a hold rating to a buy rating and set a $20.00 price target on the stock in a research note on Thursday, November 23rd. Finally, KeyCorp restated a sector weight rating on shares of Guess? in a research note on Tuesday, February 20th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $17.11.
Guess? stock opened at $20.36 on Thursday. The stock has a market capitalization of $1,675.10, a P/E ratio of 29.51, a P/E/G ratio of 1.21 and a beta of 0.54. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.36 and a current ratio of 2.37. Guess? has a 12 month low of $9.56 and a 12 month high of $21.13.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 20th. Shareholders of record on Wednesday, April 4th will be given a dividend of $0.225 per share. The ex-dividend date is Tuesday, April 3rd. This represents a $0.90 dividend on an annualized basis and a yield of 4.42%. Guess?’s payout ratio is -818.18%.
Institutional investors have recently bought and sold shares of the business. Teacher Retirement System of Texas acquired a new stake in Guess? during the 4th quarter worth approximately $356,000. Macquarie Group Ltd. acquired a new stake in Guess? during the 3rd quarter worth approximately $1,767,000. Smith Graham & Co. Investment Advisors LP lifted its position in Guess? by 11.5% during the 4th quarter. Smith Graham & Co. Investment Advisors LP now owns 312,514 shares of the company’s stock worth $5,275,000 after acquiring an additional 32,310 shares during the period. Majedie Asset Management Ltd acquired a new stake in Guess? during the 3rd quarter worth approximately $12,333,000. Finally, WINTON GROUP Ltd acquired a new stake in Guess? during the 3rd quarter worth approximately $2,310,000. 82.39% of the stock is owned by institutional investors.
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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