UBS Group Increases Guess? (NYSE:GES) Price Target to $32.00

Guess? (NYSE:GES) had its price target increased by UBS Group from $26.00 to $32.00 in a research report report published on Monday, Benzinga reports. UBS Group currently has a neutral rating on the stock.

A number of other equities analysts have also weighed in on GES. Telsey Advisory Group increased their target price on Guess? from $23.00 to $30.00 and gave the stock a market perform rating in a research note on Thursday, March 21st. StockNews.com raised Guess? from a hold rating to a buy rating in a research report on Friday, March 22nd. B. Riley reissued a buy rating and set a $33.00 price target (up previously from $31.00) on shares of Guess? in a research report on Wednesday, February 21st. Finally, Jefferies Financial Group increased their price target on Guess? from $24.00 to $29.00 and gave the stock a hold rating in a research report on Thursday, March 21st. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and an average price target of $31.00.

Guess? Price Performance

Shares of NYSE GES opened at $31.20 on Monday. The firm has a market cap of $1.68 billion, a P/E ratio of 10.76 and a beta of 1.96. The company has a current ratio of 1.55, a quick ratio of 0.96 and a debt-to-equity ratio of 0.53. Guess? has a 1-year low of $17.21 and a 1-year high of $32.22. The business’s 50 day moving average is $24.86 and its 200-day moving average is $23.24.

Guess? (NYSE:GES) last announced its earnings results on Wednesday, March 20th. The company reported $2.01 earnings per share for the quarter, topping analysts’ consensus estimates of $1.55 by $0.46. The company had revenue of $891.05 million for the quarter, compared to analyst estimates of $855.54 million. Guess? had a return on equity of 30.68% and a net margin of 7.14%. The firm’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.74 earnings per share. Equities research analysts predict that Guess? will post 2.91 earnings per share for the current year.

Guess? Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 3rd. Investors of record on Wednesday, April 17th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date of this dividend is Tuesday, April 16th. Guess?’s dividend payout ratio is currently 41.38%.

Institutional Investors Weigh In On Guess?

A number of large investors have recently modified their holdings of the business. Nomura Holdings Inc. boosted its holdings in shares of Guess? by 12.7% in the 4th 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. Hennessy Advisors Inc. acquired a new stake in shares of Guess? in the 4th quarter valued at $23,062,000. Goldman Sachs Group Inc. boosted its holdings in shares of Guess? by 7.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 978,648 shares of the company’s stock valued at $22,568,000 after purchasing an additional 66,578 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Guess? by 2.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 22,239 shares of the company’s stock valued at $513,000 after purchasing an additional 541 shares in the last quarter. Finally, Venture Visionary Partners LLC acquired a new stake in shares of Guess? in the 4th quarter valued at $1,066,000. Institutional investors and hedge funds 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.