FBR Capital Reiterates Their Buy Rating on Guess

By Carrie Williams

In a report released today, Eric Beder from FBR Capital reiterated a Buy rating on Guess (NYSE: GES), with a price target of $16. The company’s shares opened today at $12.22.

Beder commented:

“We are reiterating our Buy rating, estimates, and $16 price target with GUESS? scheduled to announce F2Q18 (July) results after the close on Wednesday, August 23. We believe, once again, that the split between international and domestic operations will be stark, with international remaining strong and the domestic division continuing to fade. Further, with the USD weakening since the last guide, we expect that the potential for upside in 2Q, but more importantly the back half of FY18, will be materially increasing.”

According to TipRanks.com, Beder is ranked 0 out of 5 stars with an average return of -6.7% and a 37.0% success rate. Beder covers the Services sector, focusing on stocks such as Signet Jewelers Limited, American Apparel Inc, and Barnes & Noble Inc.

Guess has an analyst consensus of Moderate Buy, with a price target consensus of $12.67.

Based on Guess’ latest earnings report for the quarter ending April 30, the company posted quarterly revenue of $459 million and GAAP net loss of $21.49 million. In comparison, last year the company earned revenue of $545 million and had a net profit of $32.03 million.

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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.