Jefferies Reiterates a 'Buy' on Guess (GES); Q4 Preview
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Price: $16.81 --0%
Rating Summary:
4 Buy, 9 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
4 Buy, 9 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Jefferies reiterates a 'Buy' on Guess (NYSE: GES) price target of $55.00.
Analyst, Randal J. Konik, said, "While 4Q results will not necessarily shine, we expect the quarter to demonstrate a few key positives: 1) North American margins are improving; 2) Europe business is stabilizing; and 3) inventory is under control. With Guess one of the cheapest global growth plays in specialty retail today, we would be aggressively buying shares."
"We forecast 4Q EPS of $1.06 vs. the Street at $1.05 and guidance of $1.03-$1.09. We expect N.A. comps down 2% as the company continues its less promotional strategy with a focus on profitability. We forecast 4Q op. margins down 120bps due to GM% pressure (50bps) and some expense de-leverage (70bps)."
For an analyst ratings summary and ratings history on Guess click here. For more ratings news on Guess click here.
Shares of Guess closed at $35.94 yesterday.
Analyst, Randal J. Konik, said, "While 4Q results will not necessarily shine, we expect the quarter to demonstrate a few key positives: 1) North American margins are improving; 2) Europe business is stabilizing; and 3) inventory is under control. With Guess one of the cheapest global growth plays in specialty retail today, we would be aggressively buying shares."
"We forecast 4Q EPS of $1.06 vs. the Street at $1.05 and guidance of $1.03-$1.09. We expect N.A. comps down 2% as the company continues its less promotional strategy with a focus on profitability. We forecast 4Q op. margins down 120bps due to GM% pressure (50bps) and some expense de-leverage (70bps)."
For an analyst ratings summary and ratings history on Guess click here. For more ratings news on Guess click here.
Shares of Guess closed at $35.94 yesterday.
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