Insider Buying: Guess?, Inc. (NYSE:GES) CEO Purchases 347,353 Shares of Stock
Guess?, Inc. (NYSE:GES) CEO Carlos Alberini purchased 347,353 shares of the stock in a transaction on Thursday, June 13th. The stock was acquired at an average price of $14.32 per share, with a total value of $4,974,094.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Guess? stock traded up $0.12 during mid-day trading on Friday, reaching $14.23. 1,674,580 shares of the company were exchanged, compared to its average volume of 1,641,950. Guess?, Inc. has a 12 month low of $13.88 and a 12 month high of $26.95. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.42 and a quick ratio of 0.68. The firm has a market cap of $1.01 billion, a PE ratio of 14.52, a price-to-earnings-growth ratio of 0.66 and a beta of 0.45.
Guess? (NYSE:GES) last posted its quarterly earnings data on Thursday, June 6th. The company reported ($0.25) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.26) by $0.01. The firm had revenue of $537.00 million for the quarter, compared to analyst estimates of $536.78 million. Guess? had a return on equity of 10.10% and a net margin of 0.53%. The company’s revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the company earned ($0.23) EPS. Sell-side analysts expect that Guess?, Inc. will post 1.26 earnings per share for the current fiscal year.
A number of equities analysts have commented on GES shares. B. Riley set a $29.00 price objective on Guess? and gave the stock a “buy” rating in a research note on Friday, May 17th. Jefferies Financial Group set a $24.00 price objective on Guess? and gave the stock a “buy” rating in a research note on Thursday, March 21st. ValuEngine lowered Guess? from a “buy” rating to a “hold” rating in a research note on Thursday, March 21st. Zacks Investment Research upgraded Guess? from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 21st. Finally, Telsey Advisory Group restated a “market perform” rating and set a $19.00 price objective (down previously from $22.00) on shares of Guess? in a research note on Tuesday, April 23rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $23.50.
Several hedge funds have recently modified their holdings of the business. Meeder Asset Management Inc. bought a new stake in Guess? during the 1st quarter worth approximately $29,000. NumerixS Investment Technologies Inc bought a new stake in Guess? during the 4th quarter worth approximately $34,000. Macquarie Group Ltd. bought a new stake in Guess? during the 1st quarter worth approximately $44,000. PNC Financial Services Group Inc. increased its holdings in Guess? by 31.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,516 shares of the company’s stock worth $52,000 after purchasing an additional 598 shares in the last quarter. Finally, Pearl River Capital LLC bought a new stake in Guess? during the 1st quarter worth approximately $60,000. 76.96% of the stock is currently owned by hedge funds and other institutional investors.
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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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