Guess?, Inc. (NYSE:GES) was the target of unusually large options trading on Thursday. Stock traders bought 2,255 put options on the stock. This represents an increase of approximately 1,219% compared to the typical daily volume of 171 put options.
Shares of Guess? stock opened at $22.01 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.93 and a quick ratio of 0.95. The stock has a market capitalization of $1.85 billion, a P/E ratio of 31.44, a PEG ratio of 1.27 and a beta of 0.39. Guess? has a fifty-two week low of $14.17 and a fifty-two week high of $26.95.
Guess? (NYSE:GES) last announced its quarterly earnings data on Wednesday, November 28th. The company reported $0.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.03). The firm had revenue of $605.00 million during the quarter, compared to the consensus estimate of $603.08 million. Guess? had a negative net margin of 0.32% and a positive return on equity of 8.39%. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.12 earnings per share. Equities research analysts anticipate that Guess? will post 1.02 earnings per share for the current fiscal year.
In related news, Director Anthony Chidoni sold 12,000 shares of the business’s stock in a transaction dated Friday, December 21st. The stock was sold at an average price of $18.87, for a total value of $226,440.00. Following the transaction, the director now owns 172,290 shares in the company, valued at $3,251,112.30. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 31.30% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc increased its holdings in Guess? by 1.8% in the third quarter. Vanguard Group Inc now owns 5,839,117 shares of the company’s stock valued at $131,965,000 after buying an additional 104,828 shares during the last quarter. Marshall Wace LLP bought a new stake in Guess? in the third quarter valued at about $6,852,000. Vanguard Group Inc. increased its holdings in Guess? by 1.8% in the third quarter. Vanguard Group Inc. now owns 5,839,117 shares of the company’s stock valued at $131,965,000 after buying an additional 104,828 shares during the last quarter. Legal & General Group Plc increased its holdings in Guess? by 6.3% in the third quarter. Legal & General Group Plc now owns 175,433 shares of the company’s stock valued at $3,965,000 after buying an additional 10,341 shares during the last quarter. Finally, Teachers Advisors LLC increased its holdings in Guess? by 2.4% in the third quarter. Teachers Advisors LLC now owns 112,150 shares of the company’s stock valued at $2,535,000 after buying an additional 2,635 shares during the last quarter. 70.52% of the stock is owned by hedge funds and other institutional investors.
GES has been the topic of several recent analyst reports. Zacks Investment Research upgraded Guess? from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research note on Friday, November 30th. TheStreet cut Guess? from a “b” rating to a “c+” rating in a research note on Thursday, November 29th. Finally, ValuEngine cut Guess? from a “buy” rating to a “hold” rating in a research note on Thursday, December 13th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $22.60.
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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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