Guess? (GES) Downgraded by ValuEngine to Hold

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Guess? (NYSE:GES) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Thursday.

A number of other brokerages have also commented on GES. TheStreet lowered Guess? from a “b” rating to a “c+” rating in a report on Thursday, November 29th. Zacks Investment Research upgraded Guess? from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a report on Friday, November 30th. Four analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $22.00.

Shares of Guess? stock traded up $0.11 during trading on Thursday, reaching $19.51. The stock had a trading volume of 987,700 shares, compared to its average volume of 990,119. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of 27.87, a price-to-earnings-growth ratio of 1.08 and a beta of 0.39. Guess? has a 52 week low of $14.17 and a 52 week high of $26.95. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.93 and a quick ratio of 0.95.

Guess? (NYSE:GES) last issued its quarterly earnings results on Wednesday, November 28th. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.03). The firm had revenue of $605.00 million during the quarter, compared to the consensus estimate of $603.08 million. Guess? had a negative net margin of 0.32% and a positive return on equity of 8.39%. The business’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.12 earnings per share. On average, equities analysts expect that Guess? will post 1.02 EPS for the current year.

In related news, Director Anthony Chidoni sold 12,000 shares of Guess? stock in a transaction dated Friday, December 21st. The stock was sold at an average price of $18.87, for a total value of $226,440.00. Following the sale, the director now owns 172,290 shares of the company’s stock, valued at $3,251,112.30. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 31.30% of the stock is currently owned by insiders.

Several large investors have recently added to or reduced their stakes in GES. Rhumbline Advisers increased its position in Guess? by 20.9% during the fourth quarter. Rhumbline Advisers now owns 168,872 shares of the company’s stock worth $3,507,000 after buying an additional 29,147 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new stake in shares of Guess? in the fourth quarter valued at approximately $73,000. Arizona State Retirement System boosted its stake in shares of Guess? by 6.2% in the fourth quarter. Arizona State Retirement System now owns 87,359 shares of the company’s stock valued at $1,814,000 after buying an additional 5,083 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Guess? by 38.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,294 shares of the company’s stock valued at $89,000 after buying an additional 1,195 shares during the period. Finally, Vanguard Group Inc boosted its stake in shares of Guess? by 1.8% in the third quarter. Vanguard Group Inc now owns 5,839,117 shares of the company’s stock valued at $131,965,000 after buying an additional 104,828 shares during the period. 70.34% of the stock is currently owned by institutional investors and hedge funds.

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, knitwear, and intimate apparel.

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