Guess?, Inc. (NYSE:GES) – Equities researchers at B. Riley boosted their Q3 2020 EPS estimates for shares of Guess? in a note issued to investors on Thursday, November 7th. B. Riley analyst S. Anderson now forecasts that the company will post earnings of $0.19 per share for the quarter, up from their previous estimate of $0.17. B. Riley currently has a “Buy” rating and a $25.00 price target on the stock. B. Riley also issued estimates for Guess?’s Q4 2020 earnings at $1.06 EPS and Q1 2021 earnings at ($0.26) EPS.
A number of other brokerages have also weighed in on GES. ValuEngine raised shares of Guess? from a “sell” rating to a “hold” rating in a research note on Friday, August 30th. Zacks Investment Research reaffirmed a “positive” rating on shares of Guess? in a research note on Wednesday, October 16th. Finally, Cfra set a $16.00 target price on shares of Guess? and gave the company a “hold” rating in a research note on Thursday, August 29th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Guess? currently has a consensus rating of “Buy” and an average price target of $21.20.
Guess? (NYSE:GES) last announced its quarterly earnings data on Wednesday, August 28th. The company reported $0.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.09. The business had revenue of $683.22 million during the quarter, compared to analyst estimates of $673.78 million. Guess? had a return on equity of 10.85% and a net margin of 0.52%. The company’s revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.36 earnings per share.
A number of large investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC purchased a new stake in shares of Guess? during the third quarter worth approximately $94,000. Kornitzer Capital Management Inc. KS increased its stake in Guess? by 3.9% in the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 435,720 shares of the company’s stock worth $8,074,000 after buying an additional 16,250 shares during the period. Tibra Equities Europe Ltd purchased a new position in Guess? in the 3rd quarter worth about $580,000. California Public Employees Retirement System increased its stake in Guess? by 29.9% in the 3rd quarter. California Public Employees Retirement System now owns 107,000 shares of the company’s stock worth $1,983,000 after buying an additional 24,658 shares during the period. Finally, State of Tennessee Treasury Department increased its stake in Guess? by 9.8% in the 3rd quarter. State of Tennessee Treasury Department now owns 36,167 shares of the company’s stock worth $670,000 after buying an additional 3,215 shares during the period. 82.53% of the stock is currently owned by institutional investors and hedge funds.
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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