Guess? (NYSE:GES) Trading Up 15.4%

Guess?, Inc. (NYSE:GES)’s stock price was up 15.4% during mid-day trading on Wednesday . The company traded as high as $8.96 and last traded at $9.01, approximately 190,405 shares were traded during trading. A decline of 93% from the average daily volume of 2,788,845 shares. The stock had previously closed at $7.81.

Several brokerages have weighed in on GES. Jefferies Financial Group lowered their target price on Guess? from $27.00 to $21.00 and set a “buy” rating on the stock in a research note on Monday, March 9th. Telsey Advisory Group lowered their target price on Guess? from $24.00 to $7.00 and set a “market perform” rating on the stock in a research note on Thursday, March 19th. B. Riley lowered their target price on Guess? from $20.00 to $17.00 and set a “buy” rating on the stock in a research note on Thursday. ValuEngine upgraded Guess? from a “sell” rating to a “hold” rating in a research note on Tuesday, February 25th. Finally, Cowen downgraded Guess? from an “outperform” rating to a “market perform” rating and set a $8.00 target price on the stock. in a research note on Tuesday. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $15.17.

The firm has a 50 day simple moving average of $15.68 and a two-hundred day simple moving average of $18.52. The company has a market capitalization of $512.64 million, a PE ratio of 5.55, a P/E/G ratio of 0.48 and a beta of 0.73. The company has a current ratio of 1.67, a quick ratio of 1.05 and a debt-to-equity ratio of 1.55.

Guess? (NYSE:GES) last announced its earnings results on Wednesday, March 18th. The company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.10. Guess? had a return on equity of 17.78% and a net margin of 3.58%. The company had revenue of $842.30 million for the quarter, compared to the consensus estimate of $851.19 million. During the same period last year, the business posted $0.28 EPS. The company’s revenue was up .6% on a year-over-year basis. Research analysts expect that Guess?, Inc. will post 0.92 earnings per share for the current fiscal year.

Several institutional investors have recently bought and sold shares of GES. Scopus Asset Management L.P. boosted its stake in shares of Guess? by 55.9% in the fourth quarter. Scopus Asset Management L.P. now owns 1,950,000 shares of the company’s stock valued at $43,641,000 after buying an additional 699,100 shares in the last quarter. Norges Bank purchased a new stake in shares of Guess? in the fourth quarter valued at approximately $14,220,000. Cooper Creek Partners Management LLC purchased a new stake in shares of Guess? in the fourth quarter valued at approximately $6,837,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Guess? in the fourth quarter valued at approximately $3,526,000. Finally, Millennium Management LLC boosted its stake in shares of Guess? by 179.3% in the third quarter. Millennium Management LLC now owns 241,002 shares of the company’s stock valued at $4,465,000 after buying an additional 154,700 shares in the last quarter. Hedge funds and other institutional investors own 74.47% 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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