Guess?, Inc. (NYSE:GES) – Stock analysts at B. Riley raised their FY2022 earnings per share estimates for shares of Guess? in a research report issued on Wednesday, November 24th. B. Riley analyst S. Anderson now forecasts that the company will earn $2.93 per share for the year, up from their prior estimate of $2.74. B. Riley also issued estimates for Guess?’s Q4 2022 earnings at $1.13 EPS and FY2023 earnings at $3.47 EPS.
Other equities analysts have also issued research reports about the company. Zacks Investment Research upgraded Guess? from a “hold” rating to a “strong-buy” rating and set a $29.00 target price on the stock in a research note on Thursday. Telsey Advisory Group lowered their price target on Guess? from $33.00 to $27.00 and set a “market perform” rating for the company in a report on Thursday, August 26th.
Guess? (NYSE:GES) last posted its earnings results on Tuesday, November 23rd. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.16. Guess? had a return on equity of 34.26% and a net margin of 7.18%. The company had revenue of $643.07 million for the quarter, compared to analyst estimates of $611.30 million. During the same quarter in the previous year, the firm earned $0.58 earnings per share. The firm’s quarterly revenue was up 13.0% compared to the same quarter last year.
Guess? announced that its board has approved a share buyback program on Wednesday, August 25th that permits the company to buyback $200.00 million in shares. This buyback authorization permits the company to buy up to 12.8% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 24th. Shareholders of record on Wednesday, December 8th will be issued a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 3.79%. The ex-dividend date of this dividend is Tuesday, December 7th. This is an increase from Guess?’s previous quarterly dividend of $0.11. Guess?’s dividend payout ratio (DPR) is currently 17.51%.
A number of hedge funds and other institutional investors have recently modified their holdings of GES. Robotti Robert acquired a new stake in shares of Guess? during the second quarter worth about $206,000. Alliancebernstein L.P. lifted its holdings in shares of Guess? by 28.1% during the second quarter. Alliancebernstein L.P. now owns 57,395 shares of the company’s stock worth $1,515,000 after purchasing an additional 12,595 shares during the period. Trexquant Investment LP acquired a new stake in shares of Guess? during the second quarter worth about $578,000. Amalgamated Bank acquired a new stake in shares of Guess? during the second quarter worth about $506,000. Finally, Principal Financial Group Inc. lifted its holdings in shares of Guess? by 2.8% during the second quarter. Principal Financial Group Inc. now owns 265,251 shares of the company’s stock worth $7,003,000 after purchasing an additional 7,244 shares during the period. 63.64% of the stock is owned by institutional investors and hedge funds.
Guess? Company Profile
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. It operates through the following segments: Americas Retail, Americas Wholesale, Europe, Asia, and Licensing.
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