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UBS cuts Guess stock target, keeps neutral stance

EditorAhmed Abdulazez Abdulkadir
Published 23/05/2024, 13:04
© Reuters.
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On Thursday, UBS made adjustments to its financial outlook for apparel retailer Guess, Inc. (NYSE: NYSE:GES), reducing the price target to $29 from the previous $32 while maintaining a neutral rating on the stock. The firm cited ongoing challenges in the company's Americas retail segment and a slowdown in its European business trends during the first quarter.

The UBS analyst pointed out that these issues might lead Guess to adjust its fiscal year 2025 earnings per share (EPS) guidance towards the lower spectrum of its current projection of $2.56 to $3.00. This adjustment is expected to prompt a revision of the consensus EPS forecast for fiscal year 2025, which currently stands at $2.86.

Despite these headwinds, the analyst suggested that the market has already factored in the likelihood of a weaker-than-expected earnings report. The sentiment surrounding the stock is perceived as bearish, which the analyst believes creates a balanced risk-reward scenario around the upcoming earnings announcement.

Options market data indicates an expected price movement of approximately +/-11.0% in relation to the earnings release, compared to the historical average move of +/-13.0%. UBS anticipates that the actual volatility surrounding the earnings event will be less than the +/-11.0% currently priced in by the market.

InvestingPro Insights

As we delve into the financial health and market performance of Guess, Inc. (NYSE: GES), InvestingPro data offers a clearer picture. The company boasts a market capitalization of $1.32 billion and trades at a compelling P/E ratio of 6.72, indicating a potentially undervalued stock relative to its earnings. In the last twelve months as of Q4 2024, the revenue growth of 3.32% signifies steady business expansion, while a robust gross profit margin of 44.03% reflects strong operational efficiency.

From a shareholder's perspective, Guess has demonstrated a commitment to returning value, with a notable dividend yield of 4.84% and a significant dividend growth of 33.33% over the last twelve months. These figures suggest that the company prioritizes consistent dividend payments, which is further reinforced by the fact that Guess has raised its dividend for four consecutive years and maintained payments for 18 consecutive years, as highlighted by InvestingPro Tips.

Investors seeking additional insights can find more InvestingPro Tips for Guess, Inc., including analysis on share buybacks, earnings revisions, and stock price volatility. With 14 additional tips available on InvestingPro, readers can use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, allowing them to make more informed investment decisions.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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