Price Action Don’t Lie: Could Guess?, Inc. See a Reversal After Breaking Its 52 Week Low?

Price Action Don't Lie: Could Guess?, Inc. See a Reversal After Breaking Its 52 Week Low?

The stock of Guess?, Inc. (NYSE:GES) hit a new 52-week low and has $12.78 target or 6.00% below today’s $13.60 share price. The 6 months bearish chart indicates high risk for the $1.14B company. The 1-year low was reported on Oct, 19 by If the $12.78 price target is reached, the company will be worth $68.40M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 104,918 shares traded hands. Guess?, Inc. (NYSE:GES) has declined 35.65% since March 16, 2016 and is downtrending. It has underperformed by 41.19% the S&P500.

Guess?, Inc. (NYSE:GES) Ratings Coverage

Out of 9 analysts covering Guess? (NYSE:GES), 2 rate it a “Buy”, 1 “Sell”, while 6 “Hold”. This means 22% are positive. Guess? has been the topic of 17 analyst reports since August 15, 2015 according to StockzIntelligence Inc. Wunderlich maintained the stock with “Buy” rating in Tuesday, October 13 report. The firm earned “Buy” rating on Thursday, August 27 by Mizuho. Topeka Capital Markets maintained the stock with “Hold” rating in Thursday, March 17 report. Jefferies maintained Guess?, Inc. (NYSE:GES) on Thursday, March 17 with “Hold” rating. Cowen & Co maintained Guess?, Inc. (NYSE:GES) on Thursday, March 17 with “Market Perform” rating. The stock of Guess?, Inc. (NYSE:GES) has “Buy” rating given on Saturday, August 15 by Wunderlich. The rating was maintained by Mizuho with “Neutral” on Thursday, May 26. The firm has “Market Perform” rating by Telsey Advisory Group given on Thursday, August 25. PiperJaffray downgraded the stock to “Underweight” rating in Tuesday, July 19 report. As per Thursday, November 19, the company rating was maintained by Mizuho.

According to Zacks Investment Research, “Guess, Inc. designs, markets, distributes and licenses one of the world’s leading lifestyle collections of casual apparel, accessories and related consumer products. The lines include full collections of denim and cotton clothing, including jeans, pants, overalls, skirts, dresses, shorts, blouses, shirts, jackets and knitwear. In addition, it has granted licenses to manufacture and distribute a broad range of products that complement its apparel lines, including clothing for infants and children, activewear, footwear, eyewear, watches, and home products.”

Insitutional Activity: The institutional sentiment decreased to 0.94 in 2016 Q2. Its down 0.11, from 1.05 in 2016Q1. The ratio worsened, as 26 funds sold all Guess?, Inc. shares owned while 60 reduced positions. 23 funds bought stakes while 58 increased positions. They now own 65.26 million shares or 8.05% less from 70.97 million shares in 2016Q1.
Morgan Stanley holds 0% or 827,021 shares in its portfolio. Moreover, Fuller Thaler Asset Mgmt Inc has 0.28% invested in Guess?, Inc. (NYSE:GES) for 1.07M shares. State Board Of Administration Of Florida Retirement Systems has 0% invested in the company for 46,652 shares. Blackrock Fund Advisors holds 0.02% of its portfolio in Guess?, Inc. (NYSE:GES) for 6.54M shares. Barclays Plc accumulated 0% or 11,405 shares. Swiss Natl Bank holds 0% or 104,800 shares in its portfolio. Meeder Asset accumulated 29,969 shares or 0.04% of the stock. Gemmer Asset Mgmt Lc accumulated 197 shares or 0% of the stock. American Intl Grp accumulated 0% or 157,223 shares. Citadel Advsr Ltd Liability last reported 16,276 shares in the company. First Lp holds 182,854 shares or 0.01% of its portfolio. Virginia Retirement System Et Al owns 27,000 shares or 0.01% of their US portfolio. Price T Rowe Assocs Incorporated Md has 0% invested in the company for 17,120 shares. Principal Fin Inc has 230,654 shares for 0% of their US portfolio. First Citizens Retail Bank Trust Commerce last reported 0.03% of its portfolio in the stock.

Insider Transactions: Since July 15, 2016, the stock had 1 insider buy, and 1 sale for $29,788 net activity. Herrero Amigo Victor also bought $32,372 worth of Guess?, Inc. (NYSE:GES) shares. CHIDONI ANTHONY sold 4,000 shares worth $62,160.

More notable recent Guess?, Inc. (NYSE:GES) news were published by: which released: “Why Guess?, Inc. Stock Fell 12.1% in September” on October 12, 2016, also with their article: “Why Guess?, Inc. Stock Popped Today” published on August 25, 2016, published: “Guess Inc. Raises Lower End of Earnings Forecast” on August 24, 2016. More interesting news about Guess?, Inc. (NYSE:GES) were released by: and their article: “Guess Inc. Reports First-Quarter Loss” published on May 25, 2016 as well as‘s news article titled: “Why Guess? Inc. Stock Fell 12.1% in March” with publication date: April 07, 2016.

GES Company Profile

Guess?, Inc., incorporated on August 3, 1993, designs, markets, distributes and licenses a lifestyle collection of apparel and accessories for men, women and children. The Firm operates through five divisions: Americas Retail, Europe, Asia, Americas Wholesale and Licensing. The Company’s product lines include a range of clothing, including jeans, pants, skirts, dresses, shorts, blouses, shirts, jackets, knitwear and intimate apparel. The Company’s apparel is marketed under various trademarks, including GUESS, GUESS?, GUESS U.S.A., GUESS Jeans, GUESS? and Triangle Design, MARCIANO, Question Mark and Triangle Design, a stylized G and a stylized M, GUESS Kids, Baby GUESS, YES, G by GUESS, GUESS by MARCIANO and Gc. It also grants licenses to manufacture and distribute a range of products, including eyewear, watches, handbags, footwear, kids’ and infants’ apparel, outerwear, swimwear, fragrance, jewelry and other fashion accessories.

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