Guess? (GES) Trading Up -6.1%
Guess?, Inc. (NYSE:GES)’s share price was up 6.1% during mid-day trading on Thursday . The stock traded as high as $16.67 and last traded at $15.60. Approximately 624,232 shares were traded during mid-day trading, a decline of 51% from the average daily volume of 1,263,669 shares. The stock had previously closed at $16.62.
Several equities analysts have recently issued reports on GES shares. Zacks Investment Research cut Guess? from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 27th. B. Riley reiterated a “hold” rating and issued a $17.00 price objective on shares of Guess? in a research note on Tuesday, January 9th. Finally, Cowen reiterated a “hold” rating and issued a $17.00 price objective on shares of Guess? in a research note on Wednesday, November 22nd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $15.21.
The company has a quick ratio of 1.36, a current ratio of 2.58 and a debt-to-equity ratio of 0.04. The company has a market cap of $1,268.67, a PE ratio of 32.13, a price-to-earnings-growth ratio of 1.04 and a beta of 0.42.
In other news, Director Kay Isaacson-Leibowitz sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $17.73, for a total transaction of $70,920.00. Following the sale, the director now owns 38,433 shares of the company’s stock, valued at approximately $681,417.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 29.60% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in GES. Majedie Asset Management Ltd acquired a new position in Guess? during the third quarter worth approximately $12,333,000. Bank of New York Mellon Corp increased its position in Guess? by 21.3% during the third quarter. Bank of New York Mellon Corp now owns 3,343,471 shares of the company’s stock worth $56,938,000 after buying an additional 587,533 shares during the period. Columbus Circle Investors acquired a new position in Guess? during the third quarter worth approximately $8,250,000. DSAM Partners London Ltd acquired a new position in Guess? during the third quarter worth approximately $6,478,000. Finally, Point72 Asset Management L.P. acquired a new position in Guess? during the third quarter worth approximately $5,136,000. 82.40% of the stock is currently owned by institutional investors.
Guess?, Inc designs, markets, distributes and licenses a lifestyle collections of apparel and accessories for men, women and children. The Company operates through five segments: Americas Retail, Europe, Asia, Americas Wholesale and Licensing. The Americas Retail segment includes the Company’s retail and e-commerce operations in North and Central America and its retail operations in South America.
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