Guess Inc. (GES) Shares Gap Up to $14.42
Guess Inc. (NYSE:GES) gapped up prior to trading on Tuesday . The stock had previously closed at $14.38, but opened at $14.42. Guess shares last traded at $14.67, with a volume of 409,230 shares trading hands.
Several equities research analysts have weighed in on the stock. TheStreet cut shares of Guess from a “buy” rating to a “hold” rating in a research report on Friday, April 15th. Piper Jaffray Cos. cut shares of Guess from a “neutral” rating to an “underweight” rating and lowered their price objective for the company from $15.00 to $12.00 in a research report on Tuesday, July 19th. Odeon Capital Group LLC raised shares of Guess to a “hold” rating in a research note on Sunday, May 29th. B. Riley reaffirmed a “neutral” rating and issued a $16.00 target price on shares of Guess in a research note on Tuesday, May 31st. Finally, Mizuho reduced their target price on shares of Guess from $19.00 to $17.00 and set a “neutral” rating on the stock in a research note on Thursday, May 26th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the stock. Guess currently has a consensus rating of “Hold” and an average target price of $18.62.
The firm’s 50-day moving average price is $15.07 and its 200 day moving average price is $17.46. The company has a market cap of $1.24 billion and a PE ratio of 23.55.
Guess (NYSE:GES) last released its earnings results on Wednesday, May 25th. The company reported ($0.23) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.19) by $0.04. The company earned $448.80 million during the quarter, compared to the consensus estimate of $464.84 million. Guess’s revenue was down 6.3% compared to the same quarter last year. During the same period last year, the firm earned $0.04 EPS. On average, equities research analysts expect that Guess Inc. will post $0.61 EPS 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.
Other hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its stake in 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. Trexquant Investment LP bought a new position in shares of Guess during the fourth quarter worth approximately $1,835,000. 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 period. GAM Holding AG boosted its position in shares of Guess by 13.7% in the fourth quarter. GAM Holding AG now owns 82,980 shares of the company’s stock worth $1,567,000 after buying an additional 10,000 shares during the period. Finally, State of Wisconsin Investment Board boosted its position in shares of Guess by 1.0% in the fourth quarter. State of Wisconsin Investment Board now owns 336,334 shares of the company’s stock worth $6,350,000 after buying an additional 3,449 shares during the period.
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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