Guess Inc. (GES) Trading Down 6%
Guess Inc. (NYSE:GES)’s share price dropped 6% on Wednesday . The company traded as low as $14.77 and last traded at $14.93, with a volume of 1,699,945 shares. The stock had previously closed at $15.89.
A number of research firms have recently commented on GES. Wunderlich restated a “buy” rating and set a $27.00 price objective on shares of Guess in a research note on Monday, May 23rd. Standpoint Research upgraded shares of Guess from a “hold” rating to a “buy” rating in a research note on Wednesday, May 25th. Mizuho reduced their price objective on shares of Guess from $19.00 to $17.00 and set a “neutral” rating for the company in a research note on Thursday, May 26th. Telsey Advisory Group reduced their price objective on shares of Guess from $21.00 to $19.00 and set a “market perform” rating for the company in a research note on Thursday, May 26th. Finally, Topeka Capital Markets reduced their price objective on shares of Guess from $19.00 to $16.00 and set a “hold” rating for the company in a research note on Thursday, May 26th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $18.62.
The stock has a 50 day moving average of $14.88 and a 200-day moving average of $17.04. The stock has a market cap of $1.26 billion and a price-to-earnings ratio of 23.80.
Guess (NYSE:GES) last posted 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. During the same quarter in the previous year, the business earned $0.04 earnings per share. The company had revenue of $448.80 million for the quarter, compared to analyst estimates of $464.84 million. The company’s revenue for the quarter was down 6.3% compared to the same quarter last year. Equities research analysts forecast that Guess Inc. will post $0.60 earnings per share for the current fiscal year.
In related news, Director Anthony Chidoni sold 4,000 shares of the company’s 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 of the company’s stock, valued at approximately $2,451,341.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
An institutional investor recently bought a new position in Guess stock. Trexquant Investment LP bought a new position in Guess Inc. (NYSE:GES) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 97,187 shares of the company’s stock, valued at approximately $1,835,000. Trexquant Investment LP owned about 0.12% of Guess as of its most recent SEC filing.
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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