The stock of Guess’ Inc. (NYSE:GES) last traded at $21.71, down -1.99% from the previous session.
As we calculate the median target price by taking the range between a high of $25.00 and a low of $23.00, we find $24.00. Given the previous closing price of $22.15, this indicates a potential upside of 8.35 percent. GES stock price is now -1.37% away from the 50-day moving average and 13.26% away from the 200-day moving average. The market capitalization of the company currently stands at $1.17B.
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Brokers who have rated the stock have averaged $24.00 as their price target over the next twelve months.
On May 28, 2021, Telsey Advisory Group reiterated its ‘Market Perform’ rating on the stock by increasing its target price from $27 to quote $33, while the Telsey Advisory Group previously rated the stock as ‘Market Perform’ on March 26, 2021.
In other news, CHIDONI ANTHONY, Director sold 10,000 shares of the company’s stock on Sep 19. The stock was sold for $166,000 at an average price of $16.60. Upon completion of the transaction, the Director now directly owns 199,552 shares in the company, valued at $4.33 million. Insiders disposed of 41,570 shares of company stock worth roughly $0.9 million over the past 1 year. A total of 0.40% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in GES stock. A new stake in Guess’ Inc. shares was purchased by BALYASNY ASSET MANAGEMENT LLC during the first quarter worth $7,570,000. POINT72 ASSET MANAGEMENT, L.P. invested $3,901,000 in shares of GES during the first quarter. In the first quarter, LANDSCAPE CAPITAL MANAGEMENT, L.L.C. acquired a new stake in Guess’ Inc. valued at approximately $3,126,000. MARSHALL WACE, LLP acquired a new stake in GES for approximately $2,318,000. VERITION FUND MANAGEMENT LLC purchased a new stake in GES valued at around $1,567,000 in the second quarter. In total, there are 240 active investors with 60.50% ownership of the company’s stock.
With an opening price of $21.96 on Thursday morning, Guess’ Inc. (NYSE: GES) set off the trading day. During the past 12 months, Guess’ Inc. has had a low of $14.27 and a high of $24.66. As of last week, the company has a debt-to-equity ratio of 1.17, a current ratio of 1.60, and a quick ratio of 0.80. The fifty day moving average price for GES is $22.01 and a two-hundred day moving average price translates $19.17 for the stock.
The latest earnings results from Guess’ Inc. (NYSE: GES) was released for Oct, 2022. According to the Apparel Retail Company, earnings per share came in at $0.44, missing analysts’ expectations of $0.55 by -0.11. This compares to $0.49 EPS in the same period last year. The net profit margin was 2.40% and return on equity was 14.00% for GES. The company reported revenue of $633.4 million for the quarter, compared to $643.07 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.5 percent. For the current quarter, analysts expect GES to generate $772M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/23/2022. Investors who held shares on 12/07/2022 were paid a $0.225 dividend. On an annualized basis, this represents a $0.90 dividend and a 4.15% percent yield. There was an ex-dividend date of 12/06/2022 for this dividend. In terms of dividend payout ratio, GES is presently at 76.40%.
Guess’ Inc.(GES) 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. It also grants licenses to design, manufacture, and distribute various products that complement its apparel lines, such as eyewear, watches, handbags, footwear, kids’ and infants’ apparel, outerwear, fragrance, jewelry, and other fashion accessories, as well as to wholesale partners to operate and sell products through licensed retail stores. The company markets its products under the GUESS, GUESS?, GUESS U.S.A., GUESS Jeans, GUESS? and Triangle Design, MARCIANO, Question Mark and Triangle Design, a stylized G and a stylized M, GUESS Kids, Baby GUESS, YES, G by GUESS, GUESS by MARCIANO, and Gc brand names. It sells its products through direct-to-consumer, wholesale, and licensing distribution channels. The company also offers its products through its retail websites. Guess?, Inc. was founded in 1981 and is headquartered in Los Angeles, California.
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