Guess? (NYSE:GES) Trading 4.8% Higher After Analyst Upgrade

Guess?, Inc. (NYSE:GES - Get Free Report)'s stock price shot up 4.8% during trading on Thursday after UBS Group raised their price target on the stock from $11.00 to $12.00. UBS Group currently has a neutral rating on the stock. Guess? traded as high as $11.49 and last traded at $11.58. 84,405 shares changed hands during trading, a decline of 94% from the average session volume of 1,424,998 shares. The stock had previously closed at $11.05.

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Separately, Telsey Advisory Group restated a "market perform" rating and set a $13.00 target price on shares of Guess? in a research report on Friday, April 4th.

Read Our Latest Report on GES

Institutional Trading of Guess?

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Institutional investors and hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC lifted its holdings in Guess? by 713.0% during the 1st quarter. GAMMA Investing LLC now owns 2,317 shares of the company's stock valued at $26,000 after buying an additional 2,032 shares in the last quarter. Parallel Advisors LLC increased its position in shares of Guess? by 9,137.0% during the first quarter. Parallel Advisors LLC now owns 2,494 shares of the company's stock worth $28,000 after acquiring an additional 2,467 shares during the period. Whittier Trust Co. of Nevada Inc. increased its position in shares of Guess? by 507.5% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 3,900 shares of the company's stock worth $43,000 after acquiring an additional 3,258 shares during the period. US Bancorp DE raised its stake in shares of Guess? by 4,168.7% during the first quarter. US Bancorp DE now owns 4,226 shares of the company's stock valued at $47,000 after acquiring an additional 4,127 shares in the last quarter. Finally, CWM LLC boosted its holdings in shares of Guess? by 3,085.0% in the first quarter. CWM LLC now owns 4,236 shares of the company's stock valued at $47,000 after purchasing an additional 4,103 shares during the period. 61.74% of the stock is currently owned by institutional investors.

Guess? Stock Up 4.0%

The stock has a market cap of $595.88 million, a PE ratio of 9.67 and a beta of 1.25. The business has a fifty day moving average of $11.03 and a 200-day moving average of $12.90. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.54 and a quick ratio of 0.74.

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Guess? (NYSE:GES - Get Free Report) last issued its earnings results on Thursday, April 3rd. The company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.07. The business had revenue of $932.25 million during the quarter, compared to analysts' expectations of $916.75 million. Guess? had a return on equity of 23.29% and a net margin of 3.19%. The business's revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the prior year, the business earned $2.01 EPS. Equities research analysts anticipate that Guess?, Inc. will post 1.92 earnings per share for the current year.

Guess? Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 2nd. Stockholders of record on Wednesday, April 16th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, April 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 10.44%. Guess?'s dividend payout ratio is presently 187.50%.

Guess? declared that its Board of Directors has initiated a share buyback plan on Tuesday, March 25th that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 38.5% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's management believes its stock is undervalued.

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, activewear, knitwear, and intimate apparel.

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