Cowen & Co. Reiterates a Hold Rating on Guess

By Austin Angelo

Cowen & Co. analyst John Kernan reiterated a Hold rating on Guess (NYSE: GES) yesterday and set a price target of $17. The company’s shares closed yesterday at $17.95, close to its 52-week high of $18.30.

According to TipRanks.com, Kernan is a 3-star analyst with an average return of 3.9% and a 59.3% success rate. Kernan covers the Services sector, focusing on stocks such as Lululemon Athletica Inc, Dick’s Sporting Goods, and Abercrombie Fitch.

Guess has an analyst consensus of Moderate Buy, with a price target consensus of $15.67.

Based on Guess’ latest earnings report for the quarter ending July 31, the company posted quarterly revenue of $574 million and quarterly net profit of $15.02 million. In comparison, last year the company earned revenue of $536 million and had a net profit of $8.98 million.

Based on the recent corporate insider activity of 19 insiders, corporate insider sentiment is negative on the stock.

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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.