UBS Group Trims Guess? (NYSE:GES) Target Price to $22.00

Guess? (NYSE:GES) had its price target cut by stock analysts at UBS Group from $24.00 to $22.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s target price points to a potential upside of 5.72% from the stock’s previous close.

A number of other brokerages have also recently issued reports on GES. StockNews.com cut shares of Guess? from a “buy” rating to a “hold” rating in a research note on Monday, June 3rd. Telsey Advisory Group lowered their target price on shares of Guess? from $26.00 to $21.00 and set a “market perform” rating on the stock in a report on Thursday. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Guess? currently has an average rating of “Hold” and an average target price of $27.25.

Guess? Stock Performance

Shares of GES traded up $0.30 during mid-day trading on Friday, hitting $20.81. The company’s stock had a trading volume of 120,875 shares, compared to its average volume of 1,216,465. The stock’s 50-day moving average is $21.85 and its two-hundred day moving average is $24.48. Guess? has a one year low of $19.58 and a one year high of $33.50. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.85 and a current ratio of 1.57. The firm has a market capitalization of $1.11 billion, a PE ratio of 6.22 and a beta of 1.91.

Guess? (NYSE:GES) last posted its quarterly earnings results on Wednesday, August 28th. The company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.02). Guess? had a net margin of 7.97% and a return on equity of 26.92%. The firm had revenue of $732.60 million during the quarter, compared to analyst estimates of $729.96 million. During the same period last year, the company earned $0.72 EPS. The company’s revenue was up 10.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Guess? will post 2.88 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Quest Partners LLC increased its position in Guess? by 186.2% in the 2nd quarter. Quest Partners LLC now owns 1,305 shares of the company’s stock valued at $27,000 after acquiring an additional 849 shares in the last quarter. Headlands Technologies LLC acquired a new position in Guess? during the 1st quarter worth $60,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Guess? by 19.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,838 shares of the company’s stock worth $135,000 after buying an additional 944 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in Guess? in the 1st quarter valued at $208,000. Finally, Axxcess Wealth Management LLC acquired a new stake in shares of Guess? in the 1st quarter valued at $245,000. 61.74% of the stock is owned by institutional investors.

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.