Guess Inc. (GES) Shares Up 4.7%
Guess Inc. (NYSE:GES) shares shot up 4.7% during trading on Thursday . The company traded as high as $15.89 and last traded at $14.98, with a volume of 681,846 shares. The stock had previously closed at $14.31.
A number of research firms have recently commented on GES. Vetr cut shares of Guess from a “strong-buy” rating to a “buy” rating and set a $19.82 target price for the company. in a report on Tuesday, April 19th. TheStreet cut shares of Guess from a “buy” rating to a “hold” rating in a report on Friday, April 15th. Topeka Capital Markets dropped their price objective on shares of Guess from $19.00 to $16.00 and set a “hold” rating for the company in a report on Thursday, May 26th. Telsey Advisory Group dropped their price objective on shares of Guess from $21.00 to $19.00 and set a “market perform” rating for the company in a report on Thursday, May 26th. Finally, Mizuho dropped their price objective on shares of Guess from $19.00 to $17.00 and set a “neutral” rating for the company in a report on Thursday, May 26th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the stock. Guess presently has an average rating of “Hold” and an average price target of $18.62.
The company has a 50 day moving average of $14.74 and a 200 day moving average of $17.18. The company has a market capitalization of $1.28 billion and a P/E ratio of 24.20.
Guess (NYSE:GES) last issued its quarterly earnings data on Wednesday, May 25th. The company reported ($0.23) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.19) by $0.04. During the same period last year, the firm earned $0.04 earnings per share. The firm earned $448.80 million during the quarter, compared to the consensus estimate of $464.84 million. The company’s quarterly revenue was down 6.3% compared to the same quarter last year. On average, analysts expect that Guess Inc. will post $0.61 earnings per share for the current year.
In related news, Director Anthony Chidoni sold 4,000 shares of the business’s stock in a transaction that occurred 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 owns 157,744 shares in the company, valued at approximately $2,451,341.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
A number of hedge funds have recently added to or reduced their stakes in the company. Argent Capital Management LLC increased its stake in Guess by 152.3% in the fourth quarter. Argent Capital Management LLC now owns 95,575 shares of the company’s stock worth $1,804,000 after buying an additional 57,700 shares during the last quarter. Trexquant Investment LP purchased a new stake in Guess during the fourth quarter worth $1,835,000. Russell Frank Co increased its stake in Guess by 236.0% in the fourth quarter. Russell Frank Co now owns 130,942 shares of the company’s stock worth $2,501,000 after buying an additional 91,976 shares during the last quarter. Rhumbline Advisers increased its stake in Guess by 2.0% in the fourth quarter. Rhumbline Advisers now owns 139,603 shares of the company’s stock worth $2,636,000 after buying an additional 2,707 shares during the last quarter. Finally, Royce & Associates LLC increased its stake in Guess by 354.0% in the fourth quarter. Royce & Associates LLC now owns 197,500 shares of the company’s stock worth $3,729,000 after buying an additional 154,000 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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