Guess Inc. (GES) Trading 4.7% Higher
Guess Inc. (NYSE:GES) traded up 4.7% on Thursday . The company traded as high as $15.89 and last traded at $14.98, with a volume of 681,846 shares trading hands. The stock had previously closed at $14.31.
A number of equities research analysts have recently weighed in on the company. B. Riley reaffirmed a “neutral” rating and set a $16.00 price target on shares of Guess in a report on Tuesday, May 31st. Topeka Capital Markets dropped their target price on Guess from $19.00 to $16.00 and set a “hold” rating on the stock in a report on Thursday, May 26th. Odeon Capital Group LLC raised Guess to a “hold” rating in a report on Sunday, May 29th. TheStreet cut Guess from a “buy” rating to a “hold” rating in a report on Friday, April 15th. Finally, Jefferies Group reissued a “hold” rating and set a $18.00 target price (down previously from $20.00) on shares of Guess in a report on Thursday, May 26th. Three investment 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 presently has an average rating of “Hold” and an average price target of $18.62.
The stock has a market cap of $1.26 billion and a PE ratio of 23.80. The firm has a 50-day moving average of $14.75 and a 200-day moving average of $17.21.
Guess (NYSE:GES) last issued its quarterly earnings data 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 had revenue of $448.80 million for the quarter, compared to analysts’ expectations of $464.84 million. The company’s revenue was down 6.3% on a year-over-year basis. During the same quarter last year, the company earned $0.04 earnings per share. On average, equities analysts anticipate that Guess Inc. will post $0.61 earnings per share for the current year.
In other Guess news, Director Anthony Chidoni sold 4,000 shares of the company’s stock in a transaction dated 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 directly owns 157,744 shares of the company’s stock, valued at $2,451,341.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
A number of hedge funds have recently modified their holdings of GES. Rhumbline Advisers boosted its stake in shares of 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 in the last quarter. California Public Employees Retirement System boosted its stake in shares of Guess by 1.1% in the fourth quarter. California Public Employees Retirement System now owns 274,234 shares of the company’s stock valued at $5,178,000 after buying an additional 3,100 shares in the last quarter. Argent Capital Management LLC boosted its stake 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 valued at $1,804,000 after buying an additional 57,700 shares in the last quarter. 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, Trexquant Investment LP purchased a new stake in shares of Guess during the fourth quarter valued at $1,835,000.
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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