Guess?, Inc. (NYSE:GES) dropped 6.2% during mid-day trading on Friday . The stock traded as low as $14.38 and last traded at $14.43, approximately 2,247,447 shares were traded during mid-day trading. An increase of 35% from the average daily volume of 1,666,254 shares. The stock had previously closed at $15.39.

GES has been the topic of several recent analyst reports. Zacks Investment Research raised Guess? from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 21st. ValuEngine cut Guess? from a “hold” rating to a “sell” rating in a research report on Monday, May 20th. Finally, B. Riley set a $29.00 price objective on Guess? and gave the company a “buy” rating in a research report on Friday, May 17th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $23.50.

The company has a 50-day simple moving average of $16.03 and a two-hundred day simple moving average of $18.00. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.68 and a current ratio of 1.42. The firm has a market capitalization of $1.05 billion, a P/E ratio of 14.72, a PEG ratio of 0.66 and a beta of 0.41.

Guess? (NYSE:GES) last issued its quarterly earnings results on Thursday, June 6th. The company reported ($0.25) EPS for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.01. Guess? had a return on equity of 10.10% and a net margin of 0.53%. The firm had revenue of $537.00 million for the quarter, compared to analysts’ expectations of $536.78 million. During the same period in the previous year, the firm posted ($0.23) EPS. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. As a group, research analysts forecast that Guess?, Inc. will post 1.27 earnings per share for the current fiscal year.

In related news, Director Gianluca Bolla bought 10,000 shares of the firm’s stock in a transaction on Wednesday, June 12th. The stock was acquired at an average cost of $14.73 per share, for a total transaction of $147,300.00. Following the purchase, the director now owns 85,552 shares in the company, valued at $1,260,180.96. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, CEO Carlos Alberini bought 347,353 shares of the firm’s stock in a transaction on Thursday, June 13th. The shares were bought at an average price of $14.32 per share, with a total value of $4,974,094.96. The disclosure for this purchase can be found here. 34.90% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in GES. D. E. Shaw & Co. Inc. raised its stake in Guess? by 4,942.8% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,190,968 shares of the company’s stock valued at $19,234,000 after buying an additional 1,167,351 shares during the last quarter. Kornitzer Capital Management Inc. KS bought a new stake in shares of Guess? during the 1st quarter valued at $7,133,000. A.R.T. Advisors LLC bought a new stake in shares of Guess? during the 2nd quarter valued at $5,570,000. JPMorgan Chase & Co. grew its position in shares of Guess? by 452.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 370,895 shares of the company’s stock valued at $5,785,000 after acquiring an additional 303,813 shares during the period. Finally, Nuveen Asset Management LLC bought a new stake in shares of Guess? during the 2nd quarter valued at $3,790,000. Institutional investors and hedge funds own 71.78% of the company’s stock.

Guess? Company Profile (NYSE:GES)

Guess?, Inc designs, markets, distributes, and licenses lifestyle collections of apparel and accessories for men, women, and children. It operates through five segments: Americas Retail, Americas Wholesale, Europe, Asia, and Licensing. The company's clothing collection includes jeans, pants, skirts, dresses, shorts, blouses, shirts, jackets, knitwear, and intimate apparel.

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