Guess? (NYSE:GES) PT Lowered to $21.00 at Telsey Advisory Group

Guess? (NYSE:GES - Free Report) had its price objective decreased by Telsey Advisory Group from $26.00 to $21.00 in a research report sent to investors on Thursday, MarketBeat Ratings reports. Telsey Advisory Group currently has a market perform rating on the stock.

Other equities analysts have also recently issued reports about the company. StockNews.com cut Guess? from a buy rating to a hold rating in a report on Monday, June 3rd. UBS Group decreased their price target on Guess? from $32.00 to $29.00 and set a neutral rating on the stock in a research note on Thursday, May 23rd. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of Hold and a consensus price target of $29.00.

Guess? Price Performance

Shares of GES traded up $0.29 during trading hours on Thursday, reaching $20.51. 1,660,768 shares of the company's stock traded hands, compared to its average volume of 1,223,025. The stock has a market cap of $1.10 billion, a PE ratio of 6.12 and a beta of 1.91. The company has a current ratio of 1.57, a quick ratio of 0.85 and a debt-to-equity ratio of 0.92. The firm's 50 day simple moving average is $21.85 and its 200-day simple moving average is $24.48. Guess? has a 12 month low of $19.58 and a 12 month high of $33.50.

Guess? (NYSE:GES - Get Free Report) last announced its quarterly earnings data on Wednesday, August 28th. The company reported $0.42 earnings per share for the quarter, missing analysts' consensus estimates of $0.44 by ($0.02). The firm had revenue of $732.60 million for the quarter, compared to analysts' expectations of $729.96 million. Guess? had a net margin of 7.97% and a return on equity of 26.92%. The business's quarterly revenue was up 10.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.72 earnings per share. Equities analysts expect that Guess? will post 2.88 EPS for the current year.

Guess? Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Wednesday, September 11th will be paid a dividend of $0.30 per share. The ex-dividend date is Wednesday, September 11th. This represents a $1.20 annualized dividend and a dividend yield of 5.85%. Guess?'s dividend payout ratio (DPR) is presently 35.82%.

Hedge Funds Weigh In On Guess?

Several hedge funds have recently made changes to their positions in GES. Hennessy Advisors Inc. boosted its position in shares of Guess? by 14.1% during the first quarter. Hennessy Advisors Inc. now owns 1,141,100 shares of the company's stock valued at $35,910,000 after purchasing an additional 141,000 shares in the last quarter. Nomura Holdings Inc. boosted its position in shares of Guess? by 12.7% during the fourth quarter. Nomura Holdings Inc. now owns 800,163 shares of the company's stock valued at $18,452,000 after purchasing an additional 90,205 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Guess? during the first quarter valued at approximately $4,029,000. Range Financial Group LLC bought a new stake in Guess? in the first quarter worth $1,784,000. Finally, Natixis bought a new stake in Guess? in the first quarter worth $963,000. 61.74% of the stock is owned by hedge funds and other 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.