#6 - Guess? (NYSE:GES)
At the onset of the Covid-19 pandemic, Guess (NYSE:GES) stock tumbled below $10. But as stimulus checks rolled out, so did interest in the company’s fashion-forward clothing and accessories. And while revenue isn’t completely back to pre-pandemic levels, it continues to grow on both a sequential and year-over-year basis. And if investors needed another bullish reason, Guess stock looks to be fairly valued with continuing expectations for growth in earnings and revenue.
GES stock is basically flat for the year, but it hasn’t been a smooth ride. The stock followed the broader market and dropped sharply at the beginning of March. It has since recovered and one reason is the announcement that the company will continue to aggressively repurchase its shares. And the company’s commitment to shareholder value is also seen in a dividend that the company raised in November 2021.
GES stock has a 35% upside according to analysts. However, investors should keep an eye on the short interest that remains over 20% and may explain why institutional selling outpaces buying at about a 4:1 ratio.
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.
Read More - Current Price
- $17.07
- Consensus Rating
- Hold
- Ratings Breakdown
- 1 Buy Ratings, 3 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $27.25 (59.6% Upside)
