Guess’, Inc. (NYSE:GES) – Equities researchers at Jefferies Financial Group increased their FY2022 earnings estimates for shares of Guess’ in a research note issued on Tuesday, January 12th. Jefferies Financial Group analyst J. Stichter now anticipates that the company will earn $1.59 per share for the year, up from their prior forecast of $1.57. Jefferies Financial Group also issued estimates for Guess”s FY2023 earnings at $2.27 EPS.
Several other analysts have also commented on GES. BidaskClub raised shares of Guess’ from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, January 5th. B. Riley lifted their price target on shares of Guess’ from $20.00 to $27.00 and gave the stock a “buy” rating in a report on Tuesday. Zacks Investment Research raised Guess’ from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a report on Tuesday, December 29th. Finally, TheStreet upgraded Guess’ from a “d” rating to a “c-” rating in a research note on Wednesday, December 2nd. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $18.60.
Guess’ (NYSE:GES) last posted its quarterly earnings data on Tuesday, December 1st. The company reported $0.58 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.53. Guess’ had a positive return on equity of 0.03% and a negative net margin of 3.48%. The business had revenue of $569.28 million for the quarter, compared to analysts’ expectations of $515.58 million. During the same quarter in the previous year, the firm earned $0.22 earnings per share. The business’s revenue was down 7.6% on a year-over-year basis.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 4th. Investors of record on Wednesday, December 16th were paid a $0.1125 dividend. The ex-dividend date of this dividend was Tuesday, December 15th. This represents a $0.45 dividend on an annualized basis and a yield of 1.81%. Guess”s dividend payout ratio is 31.03%.
Several large investors have recently bought and sold shares of GES. Victory Capital Management Inc. grew its stake in shares of Guess’ by 9.8% during the third quarter. Victory Capital Management Inc. now owns 822,247 shares of the company’s stock valued at $9,555,000 after buying an additional 73,061 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Guess’ by 1.5% during the second quarter. Principal Financial Group Inc. now owns 328,398 shares of the company’s stock worth $3,176,000 after purchasing an additional 4,706 shares in the last quarter. Bridgeway Capital Management Inc. lifted its holdings in shares of Guess’ by 206.0% in the 2nd quarter. Bridgeway Capital Management Inc. now owns 153,000 shares of the company’s stock valued at $1,480,000 after purchasing an additional 103,000 shares during the last quarter. California Public Employees Retirement System lifted its holdings in shares of Guess’ by 2.9% in the 3rd quarter. California Public Employees Retirement System now owns 102,447 shares of the company’s stock valued at $1,190,000 after purchasing an additional 2,864 shares during the last quarter. Finally, WINTON GROUP Ltd acquired a new stake in shares of Guess’ in the 3rd quarter valued at about $988,000. Hedge funds and other institutional investors own 68.62% of the company’s stock.
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, knitwear, and intimate apparel.
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