Guess Inc. (GES) Stock Price Up 3.5%
Guess Inc. (NYSE:GES)’s share price rose 3.5% on Thursday . The company traded as high as $15.44 and last traded at $15.42, with a volume of 369,261 shares traded. The stock had previously closed at $14.90.
GES has been the topic of a number of research reports. Piper Jaffray Cos. lowered Guess from a “neutral” rating to an “underweight” rating and lowered their target price for the stock from $15.00 to $12.00 in a research report on Tuesday, July 19th. Mizuho reiterated a “neutral” rating and set a $17.00 price target on shares of Guess in a report on Tuesday, July 12th. Miller Tabak upgraded Guess from a “sell” rating to a “hold” rating in a report on Friday, May 27th. Standpoint Research upgraded Guess from a “hold” rating to a “buy” rating in a report on Wednesday, May 25th. Finally, Wunderlich reiterated a “buy” rating and set a $27.00 price target on shares of Guess in a report on Monday, May 23rd. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company. Guess currently has a consensus rating of “Hold” and a consensus target price of $18.62.
The stock has a market cap of $1.30 billion and a PE ratio of 24.68. The company’s 50-day moving average price is $14.82 and its 200 day moving average price is $17.11.
Guess (NYSE:GES) last released its earnings results on Wednesday, May 25th. The company reported ($0.23) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.19) by $0.04. The firm earned $448.80 million during the quarter, compared to the consensus estimate of $464.84 million. During the same period in the previous year, the firm posted $0.04 EPS. The firm’s revenue for the quarter was down 6.3% compared to the same quarter last year. Equities analysts forecast that Guess Inc. will post $0.60 earnings per share for the current fiscal year.
In other news, Director Anthony Chidoni sold 4,000 shares of the firm’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 transaction, the director now owns 157,744 shares in the company, valued at approximately $2,451,341.76. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Other hedge funds and institutional investors recently made changes to their positions in the company. Russell Frank Co boosted its position in shares of 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. Royce & Associates LLC boosted its position in shares of 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. Trexquant Investment LP bought a new position in shares of Guess during the fourth quarter worth about $1,835,000. Dimensional Fund Advisors LP boosted its position in shares of Guess by 17.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,151,349 shares of the company’s stock worth $97,258,000 after buying an additional 753,116 shares during the last quarter. Finally, Argent Capital Management LLC boosted its position in shares of 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.
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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