Sterne Agee Reports On Guess?, Inc Q4

Sterne Agee has reported on the fourth quarter results of Guess?, Inc. GES.

According to Sterne Agee, "GES reported Q4 results of $1.11 aided by $0.05 in one-time loyalty program breakage. Results were $1.11 above SA/FC at $1.05 and guidance of $1.02-$1.06. Sales were $757 million – above the guidance range of $710-$730 million and our $723 million estimate."

GES has a Buy Rating and a $58 PT.

GES closed yesterday at $43.87 a share.