Guess Inc. (NYSE: GES): Do Not Miss The Gain Train

Guess Inc. (GES) concluded trading on Thursday at a closing price of $31.32, with 7.03 million shares of worth about $220.21 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 43.87% during that period and on March 21, 2024 the price saw a gain of about 20.69%. Currently the company’s common shares owned by public are about 54.61M shares, out of which, 27.07M shares are available for trading.

Stock saw a price change of 23.45% in past 5 days and over the past one month there was a price change of 26.96%. Year-to-date (YTD), GES shares are showing a performance of 35.82% which increased to 61.44% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $17.21 but also hit the highest price of $26.25 during that period. The average intraday trading volume for Guess Inc. shares is 851.23K. The stock is currently trading 23.21% above its 20-day simple moving average (SMA20), while that difference is up 30.40% for SMA50 and it goes to 41.02% higher than SMA200.

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Guess Inc. (NYSE: GES) currently have 54.61M outstanding shares and institutions hold larger chunk of about 67.32% of that.

The stock has a current market capitalization of $1.68B and its 3Y-monthly beta is at 1.97. PE ratio of stock for trailing 12 months is 10.79, while it has posted earnings per share of $2.90 in the same period. Its PEG reads 2.45 and has Quick Ratio of 0.96 while making debt-to-equity ratio of 1.70. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for GES, volatility over the week remained 3.61% while standing at 2.45% over the month.

Analysts are in expectations that Guess Inc. (GES) stock would likely to be making an EPS of -$0.02 in the current quarter, while forecast for next quarter EPS is $0.76 and it is $3.27 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.09 which is $0.1 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.07 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -7.21% while it is estimated to increase by 9.71% in next year. EPS is likely to shrink at an annualized rate of 4.40% for next 5-years, compared to annual growth of 80.01% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Telsey Advisory Group on Mar-22-24 offering a Market perform rating for the stock and assigned a target price range of between $23 and $30 to it. Coverage by Jefferies stated Guess Inc. (GES) stock as a Hold in their note to investors on January 04, 2024, suggesting a price target of $24 for the stock. On September 12, 2023, B. Riley Securities Initiated their recommendations, while on June 16, 2023, UBS Initiated their ratings for the stock with a price target of $22. Stock get a Buy rating from Jefferies on November 30, 2021.

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