NEW YORK (TheStreet) -- Shares of Guess (GES) - Get Report are slipping by 7.84% to $15.16 on Thursday morning, after the Los Angeles-based retailer reported weak fiscal 2017 first quarter results.

Yesterday, Guess reported a loss of 23 cents per share for the fiscal 2017 first quarter, compared to Wall Street estimates of a loss of 19 cents per share. The company reported revenue declined by 6% year-over-year to $448.82 million, below analysts' expectations of revenue of $464.37 million.

Guess reported that its comparable store sales fell by 4.2% in U.S. dollars in the first quarter.

As a result, Jefferies lowered its price target to $18 from $20 and maintained its "hold" rating on the stock.

"GES reported a 1Q miss, led by a weaker top-line, as softness across most regions was only partially offset by ongoing improvement in Europe," Jefferies analysts said in an investor note.

For Guess to bounce back from its losses, analysts "need to see signs of top-line improvement for significant margin expansion to materialize," the firm stated.

Separately, TheStreet Ratings rated Guess as a "hold" with a score of C+.

TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon.

Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. TheStreet Ratings has this to say about the recommendation:

The primary factors that have impacted this rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks.

The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and expanding profit margins.

However, as a counter to these strengths, TheStreet Ratings also finds weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity.

You can view the full analysis from the report here: GES

Image placeholder title