Guess? (GES) Shares Trade Higher as Barron's Sees Expansion and Growth in the Stock (ANF)
Tweet
Share
E-mailGet Alerts GES Hot Sheet
Join SI Premium – FREE
Shares of Guess?, Inc. (NYSE: GES) are trading higher in the early session on positive mention by Barron's. Shares are up 2.6% to $50.91.
Barron's notes that same store sales turned positive for the first time since mid-2008, up 5.3% Barron's also sees sales growing by potentially double-digits to $2.4 billion.
CEO Paul Marciano expects to increase North American stores by 12% this year, with additions like lower-priced G by Guess, Guess by Marciano for the older-than-25 set, and Guess accessories stores.
Guess is also going for about 19x FY10 EPS estimates [or 14x ex. cash holdings], whcih compares favorably to rival Abercrombie & Fitch (NYSE :ANF), which is trading for 26x FY10 EPS estimates.
Overseas, the company has net margins of 10%, trumping the industries 3.2% average.
Barron's notes that same store sales turned positive for the first time since mid-2008, up 5.3% Barron's also sees sales growing by potentially double-digits to $2.4 billion.
CEO Paul Marciano expects to increase North American stores by 12% this year, with additions like lower-priced G by Guess, Guess by Marciano for the older-than-25 set, and Guess accessories stores.
Guess is also going for about 19x FY10 EPS estimates [or 14x ex. cash holdings], whcih compares favorably to rival Abercrombie & Fitch (NYSE :ANF), which is trading for 26x FY10 EPS estimates.
Overseas, the company has net margins of 10%, trumping the industries 3.2% average.
You May Also Be Interested In
- SEC accuses ex-BofA senior banker Satsky of insider trading - Bloomberg
- CVS Health names JPMorgan executive to board, Robbins exits
Create E-mail Alert Related Categories
Insiders' Blog, Trader TalkRelated Entities
Barron'sSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
