The stock of Guess?, Inc. (NYSE:GES) is a huge mover today! About 5.81M shares traded hands or 300.69% up from the average. Guess?, Inc. (NYSE:GES) has declined 16.33% since April 28, 2016 and is downtrending. It has underperformed by 22.26% the S&P500.
The move comes after 5 months negative chart setup for the $1.15B company. It was reported on Dec, 1 by Barchart.com. We have $13.26 PT which if reached, will make NYSE:GES worth $46.00 million less.
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. Standpoint Research downgraded the stock to “Hold” rating in Tuesday, October 13 report. The stock of Guess?, Inc. (NYSE:GES) earned “Neutral” rating by Mizuho on Thursday, November 19. The company was maintained on Thursday, March 17 by Topeka Capital Markets. Jefferies maintained it with “Hold” rating and $20 target price in Thursday, March 17 report. The firm earned “Buy” rating on Wednesday, May 25 by Standpoint Research. The rating was maintained by Mizuho on Thursday, August 27 with “Buy”. The company was maintained on Wednesday, November 25 by Mizuho. The rating was maintained by Mizuho on Thursday, May 26 with “Neutral”. The firm has “Hold” rating by Jefferies given on Thursday, August 25. The company was maintained on Thursday, August 25 by Telsey Advisory Group.
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 increased to 0.96 in Q2 2016. Its up 0.02, from 0.94 in 2016Q1. The ratio improved, 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.
Canada Pension Plan Board holds 0.02% of its portfolio in Guess?, Inc. (NYSE:GES) for 288,000 shares. Commonwealth Equity Serv owns 19,807 shares or 0% of their US portfolio. Cipher Capital Ltd Partnership has invested 0.06% of its portfolio in Guess?, Inc. (NYSE:GES). Ameriprise Finance holds 0% or 156,991 shares in its portfolio. Tower Rech Cap Limited Com (Trc) has 3,054 shares for 0% of their US portfolio. Old Mutual Investors (Uk) holds 16,789 shares or 0% of its portfolio. The Colorado-based Pub Employees Retirement Association Of Colorado has invested 0% in Guess?, Inc. (NYSE:GES). Invesco Ltd accumulated 133,879 shares or 0% of the stock. Moreover, Virginia Retirement Sys Et Al has 0.01% invested in Guess?, Inc. (NYSE:GES) for 27,000 shares. Hbk Investments Lp holds 0% or 12,545 shares in its portfolio. The Japan-based Norinchukin Financial Bank The has invested 0.01% in Guess?, Inc. (NYSE:GES). The Ontario – Canada-based Manufacturers Life Ins The has invested 0% in Guess?, Inc. (NYSE:GES). Mutual Of America Capital Mgmt Lc accumulated 49,073 shares or 0.02% of the stock. Meeder Asset Inc has 0.04% invested in the company for 29,969 shares. Ny State Common Retirement Fund holds 0% of its portfolio in Guess?, Inc. (NYSE:GES) for 62,200 shares.
Insider Transactions: Since July 15, 2016, the stock had 1 buy, and 1 insider sale for $29,788 net activity. $62,160 worth of Guess?, Inc. (NYSE:GES) was sold by CHIDONI ANTHONY on Friday, July 15. The insider Herrero Amigo Victor bought 2,177 shares worth $32,372.
More notable recent Guess?, Inc. (NYSE:GES) news were published by: Prnewswire.com which released: “Guess?, Inc. Reports Third Quarter Results” on November 30, 2016, also Reuters.com with their article: “BRIEF-Guess Inc reports third quarter results” published on November 30, 2016, Investorplace.com published: “3 Stocks to Watch on Thursday: Box Inc (BOX), Guess?, Inc. (GES) and Synopsys …” on December 01, 2016. More interesting news about Guess?, Inc. (NYSE:GES) were released by: Nasdaq.com and their article: “Earnings Reaction History: Guess?, Inc., 72.7% Follow-Through Indicator, 7.7 …” published on November 30, 2016 as well as Prnewswire.com‘s news article titled: “Guess?, Inc. To Webcast Conference Call On Third Quarter 2017 Financial Results” with publication date: November 16, 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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