Cowen & Co. Reaffirms Their Hold Rating on Guess

By Ryan Adsit

Cowen & Co. analyst John Kernan reiterated a Hold rating on Guess (NYSE: GES) today and set a price target of $23. The company’s shares closed yesterday at $22.79, close to its 52-week high of $23.29.

According to TipRanks.com, Kernan is a 4-star analyst with an average return of 5.9% and a 58.3% success rate. Kernan covers the Services sector, focusing on stocks such as Dick’s Sporting Goods, Ralph Lauren Corp, and Burlington Stores.

Guess has an analyst consensus of Moderate Buy, with a price target consensus of $20.

The company has a one-year high of $23.29 and a one-year low of $9.56. Currently, Guess has an average volume of 1.84M.

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Guess?, Inc. engages in designing, marketing, distributing and licensing of contemporary apparel and accessories for men, women and children that reflect the American lifestyle and European fashion sensibilities. Its product lines include full collections of clothing, including jeans, pants, skirts, dresses, shorts, blouses, shirts, jackets, knitwear and intimate apparel. It operates through the following segments: American Retail, Europe, Asia, North American Wholesale and Licensing. The Americas Retail segment includes the Company’s retail and e-Commerce operations in North and Central America and its retail operations in South America. The Europe segment includes the Company’s retail, e-Commerce and wholesale operations in Europe and the Middle East. The Asia segment includes the Company’s retail, e-Commerce and wholesale operations in Asia. The Americas Wholesale segment includes the Company’s wholesale operations in the Americas. The Licensing segment includes the worldwide licensing operations of the Company. The company was founded by Paul Marciano and Maurice Marciano in 1981 and is headquartered in Los Angeles, CA.