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

Guess? (NYSE:GES) had its price target cut by research analysts at UBS Group from $24.00 to $22.00 in a report released on Friday, Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s price objective would indicate a potential upside of 6.18% from the company’s current price.

Other equities research analysts have also recently issued reports about the company. StockNews.com cut Guess? from a “buy” rating to a “hold” rating in a research note on Monday, June 3rd. Telsey Advisory Group reduced their price target on shares of Guess? from $26.00 to $21.00 and set a “market perform” rating on the stock in a research report on Thursday. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $27.25.

Guess? Stock Up 1.0 %

NYSE GES opened at $20.72 on Friday. The stock has a market capitalization of $1.11 billion, a P/E ratio of 6.19 and a beta of 1.91. Guess? has a 52 week low of $19.58 and a 52 week 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 stock has a fifty day moving average of $21.85 and a 200-day moving average of $24.46.

Guess? (NYSE:GES) last announced its quarterly earnings data on Wednesday, August 28th. The company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.01). The firm had revenue of $732.60 million for the quarter, compared to the consensus estimate of $729.96 million. Guess? had a return on equity of 26.92% and a net margin of 7.97%. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.72 earnings per share. On average, equities research analysts forecast that Guess? will post 2.88 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of GES. Pacer Advisors Inc. acquired a new position in Guess? during the second quarter worth $82,286,000. Millennium Management LLC grew its holdings in shares of Guess? by 2,180.2% in the 2nd quarter. Millennium Management LLC now owns 1,370,131 shares of the company’s stock valued at $27,951,000 after acquiring an additional 1,310,042 shares in the last quarter. Hennessy Advisors Inc. bought a new stake in Guess? during the fourth quarter worth about $23,062,000. Vanguard Group Inc. boosted its position in Guess? by 15.7% during the first quarter. Vanguard Group Inc. now owns 3,879,570 shares of the company’s stock valued at $122,090,000 after purchasing an additional 525,064 shares during the last quarter. Finally, Bank of Montreal Can grew its stake in Guess? by 75.7% in the second quarter. Bank of Montreal Can now owns 914,447 shares of the company’s stock valued at $19,039,000 after purchasing an additional 394,023 shares in the last quarter. 61.74% of the stock is 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, activewear, knitwear, and intimate apparel.