Investors Purchase High Volume of Guess? Put Options (GES)
Guess?, Inc. (NYSE:GES) was the recipient of unusually large options trading on Monday. Investors acquired 13,414 put options on the company. This is an increase of approximately 1,920% compared to the average volume of 664 put options.
Shares of GES stock opened at $16.27 on Tuesday. Guess? has a 1-year low of $15.90 and a 1-year high of $26.95. The firm has a market cap of $1.16 billion, a P/E ratio of 16.60, a price-to-earnings-growth ratio of 0.78 and a beta of 0.46. The company has a current ratio of 2.00, a quick ratio of 1.14 and a debt-to-equity ratio of 0.04.
Guess? (NYSE:GES) last posted its earnings results on Wednesday, March 20th. The company reported $0.70 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by ($0.05). The firm had revenue of $837.00 million during the quarter, compared to analyst estimates of $831.15 million. Guess? had a net margin of 0.54% and a return on equity of 9.39%. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period last year, the company posted $0.62 EPS. Equities analysts predict that Guess? will post 1.18 EPS for the current fiscal year.
GES has been the topic of a number of recent analyst reports. ValuEngine lowered Guess? from a “buy” rating to a “hold” rating in a report on Thursday, March 21st. Jefferies Financial Group set a $24.00 price objective on Guess? and gave the stock a “buy” rating in a report on Thursday, March 21st. Telsey Advisory Group reaffirmed a “market perform” rating and set a $19.00 price objective (down previously from $22.00) on shares of Guess? in a report on Tuesday, April 23rd. B. Riley set a $29.00 price objective on Guess? and gave the stock a “buy” rating in a report on Friday, May 17th. Finally, Zacks Investment Research raised Guess? from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 21st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. Guess? has a consensus rating of “Hold” and a consensus target price of $23.50.
COPYRIGHT VIOLATION NOTICE: “Investors Purchase High Volume of Guess? Put Options (GES)” was posted by Watch List News and is the sole property of of Watch List News. If you are accessing this story on another publication, it was illegally copied and reposted in violation of U.S. and international copyright and trademark legislation. The legal version of this story can be read at https://www.watchlistnews.com/investors-purchase-high-volume-of-guess-put-options-ges/3031047.html.
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.
Recommended Story: LIBOR
Receive News & Ratings for Guess? Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Guess? and related companies with MarketBeat.com's FREE daily email newsletter.