Guess? (NYSE:GES) Earns Market Perform Rating from Telsey Advisory Group

Guess? (NYSE:GES)‘s stock had its “market perform” rating restated by investment analysts at Telsey Advisory Group in a report released on Friday,Benzinga reports. They currently have a $13.00 price objective on the stock. Telsey Advisory Group’s target price points to a potential upside of 19.21% from the stock’s previous close.

Separately, UBS Group dropped their price objective on Guess? from $15.00 to $12.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th.

Guess? Stock Performance

NYSE:GES opened at $10.91 on Friday. The stock has a 50-day simple moving average of $11.60 and a two-hundred day simple moving average of $14.82. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.74 and a current ratio of 1.54. Guess? has a 52-week low of $9.24 and a 52-week high of $30.98. The firm has a market capitalization of $561.14 million, a PE ratio of 9.16 and a beta of 1.43.

Guess? (NYSE:GES) last released its earnings results on Thursday, April 3rd. The company reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.07. The company had revenue of $932.25 million for the quarter, compared to analysts’ expectations of $916.75 million. Guess? had a net margin of 3.19% and a return on equity of 23.29%. The firm’s revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the business earned $2.01 EPS. Analysts forecast that Guess? will post 1.92 EPS for the current year.

Guess? announced that its Board of Directors has initiated a stock buyback program on Tuesday, March 25th that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 38.5% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

Hedge Funds Weigh In On Guess?

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GES. Quarry LP grew its holdings in shares of Guess? by 216.9% in the third quarter. Quarry LP now owns 3,359 shares of the company’s stock valued at $68,000 after purchasing an additional 2,299 shares in the last quarter. EMC Capital Management increased its holdings in shares of Guess? by 158.0% in the 4th quarter. EMC Capital Management now owns 9,908 shares of the company’s stock worth $139,000 after buying an additional 6,068 shares during the last quarter. Freestone Grove Partners LP purchased a new stake in shares of Guess? during the 4th quarter valued at about $171,000. Point72 Hong Kong Ltd bought a new position in shares of Guess? in the 4th quarter valued at about $175,000. Finally, Jump Financial LLC purchased a new position in Guess? in the fourth quarter worth about $191,000. 61.74% of the stock is owned by institutional investors.

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, activewear, knitwear, and intimate apparel.