We are reiterating our Buy rating, $37 price target and projections after visiting Guess? stores in the New York City Metro area and Long Island. We believe the company continued to drive strong momentum in May, with Mother's Day solid and the company's focus on key fashion items, such as cargo pants, shorts, handbags, watches and active wear a plus. Further, Guess? continues to navigate to a more elevated product offering and service stance, leveraging technology to create a more compelling collection. As such, we remain upbeat on Guess? and we reiterate our Buy rating and $37 price target.
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22 May 2024
GES: Snapping the Store: Accessories, Shorts Strong; Reiterate Buy, $37 PT
TJX Companies (TJX:NYSE), 0 | TJX Companies Inc (TJX:NYS), 0 | ROSS STORES (ROST:NYSE), 0 | Ross Stores, Inc. (ROST:NAS), 0 | Tapestry Inc (TPR:NYSE), 0 | Tapestry, Inc. (TPR:NYS), 0 | American Eagle Outfitters (AEO:NYSE), 0 | American Eagle Outfitters, Inc. (AEO:NYS), 0 | LULULEMON ATHLETICA (LULU:NYSE), 0 | lululemon athletica inc. (LULU:NAS), 0 | PVH (PVH:NYSE), 0 | PVH Corp. (PVH:NYS), 0 | URBAN OUTFITTERS (URBN:NYSE), 0 | Urban Outfitters, Inc. (URBN:NAS), 0 | Guess? (GES:NYSE), 0 | Guess?, Inc. (GES:NYS), 0
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GES: Snapping the Store: Accessories, Shorts Strong; Reiterate Buy, $37 PT
TJX Companies (TJX:NYSE), 0 | TJX Companies Inc (TJX:NYS), 0 | ROSS STORES (ROST:NYSE), 0 | Ross Stores, Inc. (ROST:NAS), 0 | Tapestry Inc (TPR:NYSE), 0 | Tapestry, Inc. (TPR:NYS), 0 | American Eagle Outfitters (AEO:NYSE), 0 | American Eagle Outfitters, Inc. (AEO:NYS), 0 | LULULEMON ATHLETICA (LULU:NYSE), 0 | lululemon athletica inc. (LULU:NAS), 0 | PVH (PVH:NYSE), 0 | PVH Corp. (PVH:NYS), 0 | URBAN OUTFITTERS (URBN:NYSE), 0 | Urban Outfitters, Inc. (URBN:NAS), 0 | Guess? (GES:NYSE), 0 | Guess?, Inc. (GES:NYS), 0
- Published:
22 May 2024 -
Author:
Eric Beder -
Pages:
44 -
We are reiterating our Buy rating, $37 price target and projections after visiting Guess? stores in the New York City Metro area and Long Island. We believe the company continued to drive strong momentum in May, with Mother's Day solid and the company's focus on key fashion items, such as cargo pants, shorts, handbags, watches and active wear a plus. Further, Guess? continues to navigate to a more elevated product offering and service stance, leveraging technology to create a more compelling collection. As such, we remain upbeat on Guess? and we reiterate our Buy rating and $37 price target.