Guess Receives a Hold from Jefferies

By Ryan Adsit

In a report released today, Daniel Binder from Jefferies reiterated a Hold rating on Guess (NYSE: GES), with a price target of $13. The company’s shares closed yesterday at $17.44, close to its 52-week high of $17.54.

According to TipRanks.com, Binder is a 5-star analyst with an average return of 10.4% and a 72.2% success rate. Binder covers the Services sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, Kar Auction Services Inc, and Lululemon Athletica Inc.

Guess has an analyst consensus of Moderate Buy, with a price target consensus of $14.67.

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 $545 million and had a net profit of $32.03 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.