Shares of Guess?, Inc. (NYSE:GES) have been given a consensus rating of “Hold” by the six analysts that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $24.00.
Several analysts have weighed in on GES shares. ValuEngine cut shares of Guess? from a “hold” rating to a “sell” rating in a research note on Monday, May 20th. Zacks Investment Research upgraded shares of Guess? from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 21st. Telsey Advisory Group reiterated a “market perform” rating and issued a $19.00 price objective (down previously from $22.00) on shares of Guess? in a research note on Tuesday, April 23rd. Finally, B. Riley set a $29.00 price objective on shares of Guess? and gave the stock a “buy” rating in a research note on Friday, May 17th.
Guess? stock traded down $0.71 during midday trading on Friday, hitting $16.00. The company’s stock had a trading volume of 1,075,396 shares, compared to its average volume of 1,108,575. Guess? has a 1-year low of $13.88 and a 1-year high of $26.95. 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 company has a 50-day simple moving average of $16.23. The company has a market capitalization of $1.15 billion, a P/E ratio of 16.33, a price-to-earnings-growth ratio of 0.75 and a beta of 0.41.
In other news, Director Gianluca Bolla bought 10,000 shares of the company’s stock in a transaction dated Wednesday, June 12th. The stock was bought at an average cost of $14.73 per share, for a total transaction of $147,300.00. Following the transaction, the director now owns 85,552 shares of the company’s stock, valued at $1,260,180.96. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Carlos Alberini bought 347,353 shares of the company’s stock in a transaction dated Thursday, June 13th. The stock was purchased 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 currently owned by insiders.
Several large investors have recently modified their holdings of the company. Meeder Asset Management Inc. bought a new stake in shares of Guess? during the 1st quarter valued at approximately $29,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Guess? during the 2nd quarter valued at approximately $40,000. Pearl River Capital LLC bought a new stake in shares of Guess? during the 1st quarter valued at approximately $60,000. Bank of Montreal Can grew its holdings in shares of Guess? by 48.4% during the 1st quarter. Bank of Montreal Can now owns 4,065 shares of the company’s stock valued at $80,000 after purchasing an additional 1,326 shares during the last quarter. Finally, Meridian Wealth Management LLC bought a new stake in shares of Guess? during the 2nd quarter valued at approximately $154,000. Institutional investors own 75.80% of the company’s stock.
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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