Guess Inc. (GES) Sets New 1-Year Low at $13.78
Guess Inc. (NYSE:GES)’s share price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $13.78 and last traded at $14.16, with a volume of 436,800 shares. The stock had previously closed at $14.18.
GES has been the subject of a number of research reports. Standpoint Research upgraded Guess from a “hold” rating to a “buy” rating in a report on Wednesday, May 25th. Wunderlich reiterated a “buy” rating and issued a $27.00 price objective on shares of Guess in a report on Monday, May 23rd. Vetr downgraded Guess from a “strong-buy” rating to a “buy” rating and set a $19.82 price objective for the company. in a report on Tuesday, April 19th. TheStreet downgraded Guess from a “buy” rating to a “hold” rating in a report on Friday, April 15th. Finally, Odeon Capital Group LLC upgraded Guess to a “hold” rating in a report on Sunday, May 29th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $18.62.
The stock has a market cap of $1.19 billion and a price-to-earnings ratio of 22.64. The stock has a 50-day moving average of $14.95 and a 200 day moving average of $17.34.
Guess (NYSE:GES) last issued its earnings results on Wednesday, May 25th. The company reported ($0.23) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.19) by $0.04. The business earned $448.80 million during the quarter, compared to analyst estimates of $464.84 million. During the same period last year, the company earned $0.04 EPS. The company’s revenue for the quarter was down 6.3% on a year-over-year basis. Equities analysts anticipate that Guess Inc. will post $0.61 EPS for the current fiscal year.
In other Guess news, Director Anthony Chidoni sold 4,000 shares of the company’s stock in a transaction on Friday, July 15th. The stock was sold at an average price of $15.54, for a total value of $62,160.00. Following the completion of the sale, the director now directly owns 157,744 shares in the company, valued at approximately $2,451,341.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Several large investors have recently modified their holdings of GES. GAM Holding AG boosted its stake in shares of Guess by 13.7% in the fourth quarter. GAM Holding AG now owns 82,980 shares of the company’s stock valued at $1,567,000 after buying an additional 10,000 shares in the last quarter. Trexquant Investment LP bought a new position in Guess during the fourth quarter valued at approximately $1,835,000. California State Teachers Retirement System raised its position in Guess by 1.7% in the fourth quarter. California State Teachers Retirement System now owns 114,748 shares of the company’s stock valued at $2,166,000 after buying an additional 1,870 shares during the last quarter. Russell Frank Co raised its position in Guess by 236.0% in the fourth quarter. Russell Frank Co now owns 130,942 shares of the company’s stock valued at $2,501,000 after buying an additional 91,976 shares during the last quarter. Finally, Rhumbline Advisers raised its position in Guess by 2.0% in the fourth quarter. Rhumbline Advisers now owns 139,603 shares of the company’s stock valued at $2,636,000 after buying an additional 2,707 shares during the last quarter.
Guess?, Inc designs, markets, distributes and licenses a lifestyle collection of apparel and accessories for men, women and children. The Company operates through five segments: Americas Retail, which includes its retail and e-commerce operations in North and Central America and its retail operations in South America; Europe, which includes its wholesale, retail and e-commerce operations in Europe and the Middle East; Asia, which includes its retail, e-commerce and wholesale operations in Asia; Americas Wholesale, which includes its wholesale operations in the Americas, and Licensing, which includes licensing operations of the Company across the world.
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