The stock of Guess?, Inc. (NYSE:GES) is a huge mover today! About 1.01 million shares traded hands. Guess?, Inc. (NYSE:GES) has declined 6.40% since April 18, 2016 and is downtrending. It has underperformed by 10.83% the S&P500.
The move comes after 6 months negative chart setup for the $1.34 billion company. It was reported on Nov, 18 by Barchart.com. We have $14.21 PT which if reached, will make NYSE:GES worth $120.60 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. The firm has “Hold” rating by Miller Tabek given on Friday, May 27. As per Saturday, August 15, the company rating was maintained by Wunderlich. The rating was downgraded by PiperJaffray to “Underweight” on Tuesday, July 19. The firm has “Neutral” rating by Mizuho given on Tuesday, October 13. Mizuho maintained Guess?, Inc. (NYSE:GES) on Wednesday, November 25 with “Buy” rating. Wunderlich maintained Guess?, Inc. (NYSE:GES) rating on Tuesday, October 13. Wunderlich has “Buy” rating and $27 price target. Topeka Capital Markets maintained Guess?, Inc. (NYSE:GES) rating on Thursday, August 27. Topeka Capital Markets has “Hold” rating and $20 price target. Telsey Advisory Group maintained it with “Market Perform” rating and $17 target price in Thursday, August 25 report. The firm earned “Buy” rating on Wednesday, May 25 by Standpoint Research. The stock of Guess?, Inc. (NYSE:GES) earned “Hold” rating by Standpoint Research on Tuesday, October 13.
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 increased, 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.
Sg Americas Securities Limited Com accumulated 24,842 shares or 0% of the stock. Northern holds 0.01% or 1.22 million shares in its portfolio. Blackrock Fund has 0.02% invested in the company for 6.54 million shares. Paloma Prtn Management Co has 0.01% invested in the company for 51,916 shares. Great West Life Assurance Commerce Can has invested 0% of its portfolio in Guess?, Inc. (NYSE:GES). Rhumbline Advisers owns 126,182 shares or 0.01% of their US portfolio. Schroder Inv Group last reported 2.99 million shares in the company. Pettyjohn Wood & White last reported 0.11% of its portfolio in the stock. Commonwealth Equity Service Inc last reported 19,807 shares in the company. Citadel Limited Liability Co holds 0% or 16,276 shares in its portfolio. Menta Cap Limited Liability holds 35,968 shares or 0.07% of its portfolio. Barrow Hanley Mewhinney And Strauss Ltd Limited Liability Company has 0.01% invested in the company for 334,757 shares. The New York-based Renaissance Technologies Limited Liability Corporation has invested 0.04% in Guess?, Inc. (NYSE:GES). Pnc Services Grp Inc accumulated 0% or 3,303 shares. Clinton Gp has invested 0.01% of its portfolio in Guess?, Inc. (NYSE:GES).
Insider Transactions: Since July 15, 2016, the stock had 1 buying transaction, and 1 insider sale for $29,788 net activity. 2,177 shares were bought by Herrero Amigo Victor, worth $32,372 on Monday, September 26. CHIDONI ANTHONY had sold 4,000 shares worth $62,160.
Another recent and important Guess?, Inc. (NYSE:GES) news was published by Prnewswire.com which published an article titled: “Guess?, Inc. To Webcast Conference Call On Third Quarter 2017 Financial Results” on 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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