Guess Inc. (GES) Trading 3.5% Higher
Guess Inc. (NYSE:GES)’s share price traded up 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. The stock had previously closed at $14.90.
A number of equities analysts have recently weighed in on the company. B. Riley restated a “neutral” rating and issued a $16.00 target price on shares of Guess in a research note on Tuesday, May 31st. Topeka Capital Markets cut their target price on Guess from $19.00 to $16.00 and set a “hold” rating on the stock in a research note on Thursday, May 26th. Odeon Capital Group LLC upgraded Guess to a “hold” rating in a research note on Sunday, May 29th. Jefferies Group restated a “hold” rating and issued a $18.00 target price (down previously from $20.00) on shares of Guess in a research note on Thursday, May 26th. Finally, Telsey Advisory Group cut their target price on Guess from $21.00 to $19.00 and set a “market perform” rating on the stock in a research note on Thursday, May 26th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $18.62.
The firm has a 50-day moving average of $14.84 and a 200-day moving average of $17.09. The stock has a market cap of $1.34 billion and a PE ratio of 25.30.
Guess (NYSE:GES) last posted its quarterly 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 had revenue of $448.80 million for the quarter, compared to analysts’ expectations of $464.84 million. During the same quarter last year, the firm posted $0.04 EPS. The firm’s revenue was down 6.3% on a year-over-year basis. Equities analysts expect that Guess Inc. will post $0.60 EPS for the current year.
In other news, Director Anthony Chidoni sold 4,000 shares of the stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $15.54, for a total transaction of $62,160.00. Following the sale, the director now owns 157,744 shares in the company, valued at $2,451,341.76. The transaction was disclosed in a filing with the SEC, which is available at this link.
Other large investors have recently bought and sold shares of the company. Trexquant Investment LP purchased a new stake in Guess during the fourth quarter worth approximately $1,835,000. Russell Frank Co boosted its stake in shares of 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 in the last quarter. Finally, Royce & Associates LLC boosted its stake in shares of Guess by 354.0% in the fourth quarter. Royce & Associates LLC now owns 197,500 shares of the company’s stock valued at $3,729,000 after buying an additional 154,000 shares in 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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