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In a challenging market environment, Guess? Inc . (NYSE:GES) stock has touched a 52-week low, dipping to $12.39. According to InvestingPro analysis, the stock currently trades at an attractive P/E ratio of 7.3x and offers a substantial 9.3% dividend yield. The fashion retailer, known for its denim and accessories, has faced significant headwinds over the past year, reflected in a substantial decline. Despite these challenges, the company maintains a "Fair" financial health score and analysts see potential upside, with price targets ranging from $14 to $23. InvestingPro subscribers can access 12 additional exclusive insights and a comprehensive Pro Research Report, offering deep-dive analysis of GES’s financial position and growth prospects.
In other recent news, Guess Inc. has reported a 13% rise in Q3 revenue, reaching $739 million, largely due to the acquisition of the Rag and Bone brand. However, the company faced challenges in the North American and Asian retail markets due to decreased store traffic and shifting consumer spending habits. As a result, Guess revised its full-year revenue guidance to 7-8% growth and adjusted its EPS outlook to $1.85-$2.00.
In addition, Guess has appointed Christopher N. Lewis (JO:LEWJ) as a new independent director, following the resignation of Thomas J. Barrack Jr. Lewis, a former Chief Legal Officer and General Counsel at Edward Jones, will serve on the Board until the 2025 annual shareholders meeting.
On the analyst front, Jefferies and Telsey Advisory Group have both updated their outlooks on Guess. Jefferies analyst Corey Tarlowe maintained a Hold rating but cut the price target to $14, citing pressure on North American retail trends. Similarly, Telsey Advisory Group maintained a Market Perform rating but reduced its price target to $18 due to macroeconomic pressures and disappointing sales figures. Despite these challenges, Guess continues to invest in marketing and the expansion of the Rag and Bone brand.
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