Could Guess?, Inc. Change Direction After Today’s Bearish Options Activity?

 Could Guess?, Inc. Change Direction After Today's Bearish Options Activity?

In today’s session Guess?, Inc. (GES) recorded an unusually high (100) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious GES decrease. With 100 contracts traded and 3804 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: GES170120P00014000 closed last at: $0.5 or 0% . About 189,130 shares traded hands. Guess?, Inc. (NYSE:GES) has declined 15.09% since April 26, 2016 and is downtrending. It has underperformed by 20.35% the S&P500.

Analysts await Guess?, Inc. (NYSE:GES) to report earnings on November, 30 after the close. They expect $0.14 earnings per share, down 6.67% or $0.01 from last year’s $0.15 per share. GES’s profit will be $11.65M for 28.11 P/E if the $0.14 EPS becomes a reality. After $0.14 actual earnings per share reported by Guess?, Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

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. On Thursday, March 17 the stock rating was maintained by Jefferies with “Hold”. The firm has “Hold” rating given on Thursday, August 25 by Jefferies. Topeka Capital Markets maintained the shares of GES in a report on Thursday, March 17 with “Hold” rating. On Wednesday, November 25 the stock rating was maintained by Mizuho with “Buy”. On Thursday, August 25 the stock rating was maintained by Telsey Advisory Group with “Market Perform”. The company was upgraded on Wednesday, May 25 by Standpoint Research. The rating was maintained by Wunderlich on Saturday, August 15 with “Buy”. The firm earned “Neutral” rating on Tuesday, October 13 by Mizuho. Mizuho maintained Guess?, Inc. (NYSE:GES) rating on Thursday, May 26. Mizuho has “Neutral” rating and $17 price target. The rating was downgraded by Standpoint Research on Tuesday, October 13 to “Hold”.

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.
First Lp accumulated 182,854 shares or 0.01% of the stock. Gemmer Asset Mngmt Limited Company last reported 197 shares in the company. Creative Planning has 200 shares for 0% of their US portfolio. Proshare Advsr Ltd Com has 13,469 shares for 0% of their US portfolio. Engineers Gate Manager Lp accumulated 44,700 shares or 0.05% of the stock. American International Gp Inc has 157,223 shares for 0% of their US portfolio. Prudential Fincl has 39,846 shares for 0% of their US portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0.01% of its portfolio in Guess?, Inc. (NYSE:GES) for 34,530 shares. New York State Teachers Retirement System accumulated 0% or 100,904 shares. Metropolitan Life Insurance Co Ny has 102,600 shares for 0.01% of their US portfolio. Vident Advisory Limited Co has 116,118 shares for 0.25% of their US portfolio. Royal National Bank & Trust Of Canada accumulated 0% or 25,419 shares. Louisiana State Employees Retirement last reported 17,000 shares in the company. The Minnesota-based Advantus Capital has invested 0% in Guess?, Inc. (NYSE:GES). First Citizens Bancorp Com owns 19,262 shares or 0.03% of their US portfolio.

Insider Transactions: Since July 15, 2016, the stock had 1 insider purchase, and 1 sale for $29,788 net activity. On Monday, September 26 the insider Herrero Amigo Victor bought $32,372. On Friday, July 15 the insider CHIDONI ANTHONY sold $62,160.

Guess?, Inc. designs, markets, distributes and licenses a lifestyle collection of apparel and accessories for men, women and children. The company has a market cap of $1.31 billion. The Firm operates through five divisions: Americas Retail, which includes its retail and e-commerce activities in North and Central America and its retail activities in South America; Europe, which includes its wholesale, retail and e-commerce activities in Europe and the Middle East; Asia, which includes its retail, e-commerce and wholesale activities in Asia; Americas Wholesale, which includes its wholesale activities in the Americas, and Licensing, which includes licensing activities of the Company across the world. It has a 19.78 P/E ratio. The Company’s product lines include a range of clothing, including jeans, pants, skirts, dresses, shorts, blouses, shirts, jackets, knitwear and intimate apparel.

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.

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.

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