Guess? (NYSE:GES) Trading Down 6.2%
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.
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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