Brean Murray Boosts Price Target on Guess (GES)

By admin | 6 years ago

Research analysts at Brean Murray upped their target price on shares of Guess (NYSE: GES) from $35.00 to $37.00 in a report released on Wednesday.

Shares of Guess traded up 1.17% during mid-day trading on Wednesday, hitting $26.335. Guess has a 52 week low of $24.23 and a 52 week high of $45.73. The company has a market cap of $2.349 billion and a P/E ratio of 9.60.

Guess last announced its earnings results on Tuesday, May 22nd. The company reported $0.30 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.27 by $0.03. The company’s quarterly revenue was down 2.2% on a year-over-year basis. On average, analysts predict that Guess will post $0.65 earnings per share next quarter.

GES has been the subject of a number of other recent research reports. Analysts at Standpoint Research initiated coverage on shares of Guess in a research note to investors on Friday, May 11st. They set a “buy” rating on the stock. Separately, analysts at Caris & Co. initiated coverage on shares of Guess in a research note to investors on Wednesday, April 18th. They set an “average” rating on the stock. Finally, analysts at Zacks reiterated an “underperform” rating on shares of Guess in a research note to investors on Friday, March 16th. They now have a $30.00 price target on the stock.

Guess?, Inc. (GUESS?), designs, markets, distributes and licenses apparel and accessories for men, women and children.

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