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

Guess’ (NYSE:GES – Get Rating)‘s stock had its “market perform” rating reiterated by investment analysts at Telsey Advisory Group in a note issued to investors on Wednesday, Benzinga reports. They currently have a $23.00 target price on the stock. Telsey Advisory Group’s price target suggests a potential upside of 14.60% from the stock’s previous close. Telsey Advisory Group also issued estimates for Guess”s Q2 2024 earnings at $0.64 EPS and Q3 2024 earnings at $0.67 EPS.

Separately, TheStreet cut Guess’ from a “b-” rating to a “c” rating in a report on Tuesday, November 22nd.

Guess’ Stock Down 0.4 %

GES opened at $20.07 on Wednesday. The company has a debt-to-equity ratio of 2.15, a current ratio of 1.57 and a quick ratio of 0.79. The business has a 50 day simple moving average of $22.08 and a 200-day simple moving average of $19.40. The stock has a market capitalization of $1.09 billion, a P/E ratio of 10.85 and a beta of 1.87. Guess’ has a 12 month low of $14.27 and a 12 month high of $24.66.

Guess’ (NYSE:GES – Get Rating) last posted its quarterly earnings results on Tuesday, March 14th. The company reported $1.74 EPS for the quarter, beating the consensus estimate of $1.30 by $0.44. The business had revenue of $817.78 million during the quarter, compared to analysts’ expectations of $772.00 million. Guess’ had a return on equity of 27.89% and a net margin of 4.58%. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period last year, the firm earned $1.14 EPS. On average, equities analysts anticipate that Guess’ will post 3.4 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Guess’

Hedge funds and other institutional investors have recently bought and sold shares of the company. Amundi acquired a new position in Guess’ during the second quarter worth $25,000. Coppell Advisory Solutions Corp. acquired a new position in shares of Guess’ in the fourth quarter worth $40,000. B. Riley Wealth Management Inc. acquired a new position in shares of Guess’ in the second quarter worth $42,625,000. PNC Financial Services Group Inc. raised its holdings in shares of Guess’ by 27.5% in the first quarter. PNC Financial Services Group Inc. now owns 2,692 shares of the company’s stock worth $59,000 after acquiring an additional 581 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings in shares of Guess’ by 244.9% in the third quarter. Nisa Investment Advisors LLC now owns 4,267 shares of the company’s stock worth $65,000 after acquiring an additional 3,030 shares during the last quarter. 58.81% of the stock is owned by institutional investors and hedge funds.

Guess’ Company Profile

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Guess?, Inc engages in designing, marketing, distributing and licensing of contemporary apparel and accessories for men, women and children that reflect the American lifestyle and European fashion sensibilities. It operates through the following segments: Americas Retail, Americas Wholesale, Europe, Asia, and Licensing.