Jefferies Remains a Hold on Guess

By Austin Angelo

Jefferies analyst Randal Konik reiterated a Hold rating on Guess (NYSE: GES) today and set a price target of $11. The company’s shares closed yesterday at $9.98, close to its 52-week low of $9.56.

According to TipRanks.com, Konik is ranked 0 out of 5 stars with an average return of -2.5% and a 41.8% success rate. Konik covers the Services sector, focusing on stocks such as Eros International, Abercrombie Fitch, and Acushnet Holdings.

Guess has an analyst consensus of Hold, with a price target consensus of $12.

Based on Guess’ latest earnings report for the quarter ending January 31, the company posted quarterly revenue of $679 million and quarterly net profit of $6.45 million. In comparison, last year the company earned revenue of $449 million and had a GAAP net loss of $25.33 million.

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Guess?, Inc. engages in the design, marketing, distribution and licensing of contemporary apparel and accessories for men, women and children that reflect the American lifestyle and European fashion sensibilities. Its apparel is marketed under numerous trademarks including GUESS, GUESS?, GUESS U.S.A., GUESS Jeans and Triangle Design, MARCIANO, Question Mark and Triangle Design, a stylized G and a stylized M, GUESS Kids, Baby GUESS, YES, G by GUESS, GUESS by MARCIANO and Gc. Its product lines include full collections of clothing, including jeans, pants, skirts, dresses, shorts, blouses, shirts, jackets, knitwear and intimate apparel. It operates its business through five segments: North American Retail, Europe, Asia, North American Wholesale and Licensing. The company was founded by Paul Marciano and Maurice Marciano in 1981 and is headquartered in Los Angeles, CA.