Guess?, Inc. (NYSE:GES) dropped 6.2% on Tuesday . The company traded as low as $14.39 and last traded at $14.58. Approximately 1,973,842 shares were traded during mid-day trading, an increase of 49% from the average daily volume of 1,321,816 shares. The stock had previously closed at $15.54.
GES has been the subject of a number of recent research reports. Zacks Investment Research lowered shares of Guess? from a “strong-buy” rating to a “hold” rating in a report on Friday, October 27th. B. Riley restated a “buy” rating on shares of Guess? in a report on Wednesday, November 1st. Finally, Cowen restated a “hold” rating and issued a $17.00 price objective on shares of Guess? in a report on Wednesday, November 22nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. Guess? currently has an average rating of “Hold” and a consensus price target of $15.21.
The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.36 and a current ratio of 2.58. The stock has a market capitalization of $1,220.00, a price-to-earnings ratio of -369.50, a P/E/G ratio of 0.98 and a beta of 0.42.
In related news, Director Kay Isaacson-Leibowitz sold 4,000 shares of the company’s stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $17.73, for a total transaction of $70,920.00. Following the completion of the sale, the director now directly owns 38,433 shares in the company, valued at approximately $681,417.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 29.60% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Cubist Systematic Strategies LLC bought a new stake in Guess? during the 2nd quarter valued at $129,000. Amundi Pioneer Asset Management Inc. bought a new stake in Guess? during the 4th quarter valued at $133,000. Old Mutual Global Investors UK Ltd. bought a new stake in Guess? during the 4th quarter valued at $157,000. Piedmont Investment Advisors LLC bought a new stake in Guess? during the 2nd quarter valued at $168,000. Finally, Invictus RG bought a new stake in Guess? during the 3rd quarter valued at $256,000. Institutional investors own 79.12% of the company’s stock.
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Guess? Company Profile
Guess?, Inc designs, markets, distributes and licenses a lifestyle collections of apparel and accessories for men, women and children. The Company operates through five segments: Americas Retail, Europe, Asia, Americas Wholesale and Licensing. The Americas Retail segment includes the Company’s retail and e-commerce operations in North and Central America and its retail operations in South America.
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