Telsey Advisory Group Reiterates Market Perform Rating for Guess? (NYSE:GES)

Telsey Advisory Group restated their market perform rating on shares of Guess? (NYSE:GES - Free Report) in a research report released on Tuesday morning, Benzinga reports. They currently have a $26.00 target price on the stock.

Several other equities research analysts have also weighed in on GES. StockNews.com lowered Guess? from a buy rating to a hold rating in a report on Monday, June 3rd. UBS Group cut their price objective on shares of Guess? from $32.00 to $29.00 and set a neutral rating for the company in a research report on Thursday, May 23rd. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of Hold and an average price target of $30.25.

Guess? Stock Down 2.2 %

Shares of GES traded down $0.47 during trading hours on Tuesday, reaching $20.96. 859,961 shares of the stock traded hands, compared to its average volume of 1,231,998. Guess? has a 52 week low of $17.92 and a 52 week high of $33.50. The company has a market cap of $1.12 billion, a price-to-earnings ratio of 6.39 and a beta of 1.91. The stock has a fifty day simple moving average of $21.92 and a 200 day simple moving average of $24.61. The company has a current ratio of 1.57, a quick ratio of 0.85 and a debt-to-equity ratio of 0.92.

Guess? (NYSE:GES - Get Free Report) last posted its earnings results on Thursday, May 30th. The company reported ($0.27) EPS for the quarter, topping the consensus estimate of ($0.40) by $0.13. The firm had revenue of $591.90 million for the quarter, compared to analysts' expectations of $574.64 million. Guess? had a net margin of 7.97% and a return on equity of 26.92%. The company's quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.07) EPS. On average, equities analysts forecast that Guess? will post 2.88 EPS for the current year.

Guess? Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Wednesday, June 12th were issued a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, June 12th. This represents a $1.20 annualized dividend and a dividend yield of 5.73%. Guess?'s payout ratio is currently 35.82%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Quest Partners LLC raised its position in Guess? by 186.2% during the second quarter. Quest Partners LLC now owns 1,305 shares of the company's stock valued at $27,000 after purchasing an additional 849 shares in the last quarter. Headlands Technologies LLC purchased a new position in shares of Guess? during the 1st quarter valued at about $60,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Guess? by 19.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,838 shares of the company's stock valued at $135,000 after buying an additional 944 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Guess? by 72.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,092 shares of the company's stock worth $206,000 after buying an additional 4,254 shares during the last quarter. Finally, Janney Montgomery Scott LLC purchased a new stake in Guess? in the first quarter worth approximately $208,000. Hedge funds and other institutional investors own 61.74% of the company's stock.

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.