Guess? Sees Unusually High Options Volume (NYSE:GES)

Guess?, Inc. (NYSE:GES) was the target of unusually large options trading activity on Wednesday. Traders acquired 6,168 put options on the company. This represents an increase of 1,469% compared to the typical volume of 393 put options.

In other news, CEO Carlos Alberini purchased 347,353 shares of the company’s stock in a transaction on Thursday, June 13th. The stock was acquired at an average cost of $14.32 per share, for a total transaction of $4,974,094.96. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gianluca Bolla purchased 10,000 shares of the company’s stock in a transaction on Wednesday, June 12th. The stock was purchased at an average price of $14.73 per share, with a total value of $147,300.00. Following the completion of the transaction, the director now owns 85,552 shares of the company’s stock, valued at $1,260,180.96. The disclosure for this purchase can be found here. Corporate insiders own 34.90% of the company’s stock.

Large investors have recently modified their holdings of the stock. Meeder Asset Management Inc. bought a new position in shares of Guess? during the first quarter worth $29,000. DekaBank Deutsche Girozentrale purchased a new stake in Guess? during the second quarter valued at $40,000. Pearl River Capital LLC purchased a new stake in Guess? during the first quarter valued at $60,000. Bank of Montreal Can raised its stake in Guess? by 48.4% during the first quarter. Bank of Montreal Can now owns 4,065 shares of the company’s stock valued at $80,000 after purchasing an additional 1,326 shares in the last quarter. Finally, Royal Bank of Canada raised its stake in Guess? by 30.4% during the second quarter. Royal Bank of Canada now owns 6,304 shares of the company’s stock valued at $102,000 after purchasing an additional 1,468 shares in the last quarter. Hedge funds and other institutional investors own 71.78% of the company’s stock.

Shares of NYSE:GES opened at $15.39 on Friday. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.68 and a current ratio of 1.42. The firm has a fifty day moving average price of $16.06 and a 200 day moving average price of $18.03. Guess? has a fifty-two week low of $13.34 and a fifty-two week high of $26.95. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 15.70, a P/E/G ratio of 0.65 and a beta of 0.41.

Guess? (NYSE:GES) last issued its earnings results on Thursday, June 6th. The company reported ($0.25) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.26) by $0.01. Guess? had a net margin of 0.53% and a return on equity of 10.10%. The firm had revenue of $537.00 million during the quarter, compared to analyst estimates of $536.78 million. During the same quarter in the prior year, the business earned ($0.23) earnings per share. Guess?’s revenue for the quarter was up 3.1% on a year-over-year basis. As a group, research analysts predict that Guess? will post 1.27 earnings per share for the current year.

GES has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Guess? from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 21st. ValuEngine lowered shares of Guess? from a “hold” rating to a “sell” rating in a research report on Monday, May 20th. Finally, B. Riley set a $29.00 target price on shares of Guess? and gave the stock a “buy” rating in a research report on Friday, May 17th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. Guess? has a consensus rating of “Hold” and a consensus target price of $23.50.

Guess? Company Profile

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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