Guess?, Inc. (NYSE:GES) was down 6.2% during trading on Tuesday . The stock traded as low as $14.39 and last traded at $14.58. Approximately 1,973,842 shares changed hands during mid-day trading, an increase of 49% from the average daily volume of 1,321,816 shares. The stock had previously closed at $15.54.
Several equities research analysts have commented on GES shares. Zacks Investment Research lowered shares of Guess? from a “strong-buy” rating to a “hold” rating in a report on Friday, October 27th. B. Riley reaffirmed a “buy” rating on shares of Guess? in a report on Wednesday, November 1st. Finally, Cowen reaffirmed a “hold” rating and issued a $17.00 price target on shares of Guess? in a report on Wednesday, November 22nd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target 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 $1,230.00, a P/E ratio of -364.50, a PEG ratio of 1.05 and a beta of 0.42.
Guess? (NYSE:GES) last posted its earnings results on Tuesday, November 21st. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.01. Guess? had a negative net margin of 0.10% and a positive return on equity of 4.35%. The business had revenue of $554.00 million for the quarter, compared to analyst estimates of $569.75 million. During the same period in the prior year, the company posted $0.11 EPS. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. sell-side analysts forecast that Guess?, Inc. will post 0.61 EPS for the current fiscal year.
In other news, Director Kay Isaacson-Leibowitz sold 4,000 shares of the stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $17.73, for a total transaction of $70,920.00. Following the sale, the director now directly owns 38,433 shares of the company’s stock, valued at approximately $681,417.09. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 29.60% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cubist Systematic Strategies LLC acquired a new position in shares of Guess? during the 2nd quarter worth about $129,000. Amundi Pioneer Asset Management Inc. acquired a new position in shares of Guess? during the 4th quarter worth about $133,000. Old Mutual Global Investors UK Ltd. acquired a new position in shares of Guess? during the 4th quarter worth about $157,000. Piedmont Investment Advisors LLC acquired a new position in shares of Guess? during the 2nd quarter worth about $168,000. Finally, Invictus RG acquired a new position in shares of Guess? during the 3rd quarter worth about $256,000. Hedge funds and other institutional investors own 79.12% of the company’s stock.
Guess? Company Profile
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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