Guess?’s (GES) “Market Perform” Rating Reiterated at Telsey Advisory Group

Guess? (NYSE:GES)‘s stock had its “market perform” rating reiterated by investment analysts at Telsey Advisory Group in a research report issued to clients and investors on Monday,Benzinga reports. They presently have a $16.75 target price on the stock. Telsey Advisory Group’s target price would indicate a potential downside of 0.42% from the company’s previous close.

Several other equities research analysts have also recently weighed in on GES. Weiss Ratings reiterated a “hold (c)” rating on shares of Guess? in a report on Monday, December 29th. Zacks Research upgraded Guess? from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $16.75.

Guess? Price Performance

NYSE GES opened at $16.82 on Monday. The company has a market cap of $877.20 million, a PE ratio of 15.15 and a beta of 0.96. The firm’s 50-day simple moving average is $16.86 and its two-hundred day simple moving average is $16.11. Guess? has a 52 week low of $8.48 and a 52 week high of $17.15. The company has a quick ratio of 0.79, a current ratio of 1.63 and a debt-to-equity ratio of 1.14.

Guess? (NYSE:GES) last announced its earnings results on Tuesday, November 25th. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.10. Guess? had a return on equity of 16.11% and a net margin of 2.56%.The business had revenue of $791.43 million for the quarter, compared to analyst estimates of $767.93 million. During the same period in the prior year, the company earned $0.34 EPS. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. Research analysts predict that Guess? will post 1.92 earnings per share for the current year.

Hedge Funds Weigh In On Guess?

Several large investors have recently made changes to their positions in the business. SG Americas Securities LLC grew its stake in shares of Guess? by 41.0% in the 4th quarter. SG Americas Securities LLC now owns 110,797 shares of the company’s stock worth $1,856,000 after buying an additional 32,199 shares during the last quarter. JPMorgan Chase & Co. grew its position in Guess? by 0.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 261,185 shares of the company’s stock valued at $4,364,000 after purchasing an additional 925 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in Guess? during the 3rd quarter valued at about $50,000. Advisory Services Network LLC bought a new stake in shares of Guess? during the third quarter valued at approximately $38,000. Finally, First Trust Capital Management L.P. bought a new position in shares of Guess? during the third quarter valued at $1,150,000. 61.74% of the stock is currently owned by hedge funds and other institutional investors.

About Guess?

Guess?, Inc is a global fashion brand known for its lifestyle apparel, footwear and accessories. The company designs, markets and distributes a portfolio of apparel products under various brands, including its flagship Guess line and the premium Marciano label. Through its vertically integrated business model, Guess? oversees product development, manufacturing arrangements, marketing and distribution across wholesale and retail channels.

Guess?’s product offerings span denim, ready-to-wear, handbags, watches, jewelry and footwear for men, women and children.