Guess Inc. (GES) Receives Buy Rating from Wunderlich
Guess Inc. (NYSE:GES)‘s stock had its “buy” rating reaffirmed by equities researchers at Wunderlich in a report issued on Monday. They currently have a $27.00 price objective on the stock. Wunderlich’s price target would indicate a potential upside of 72.63% from the company’s previous close.
Several other research firms have also commented on GES. B. Riley reiterated a “buy” rating and issued a $21.00 price objective on shares of Guess in a research report on Tuesday, August 30th. Zacks Investment Research upgraded shares of Guess from a “sell” rating to a “hold” rating and set a $20.00 price objective on the stock in a research report on Wednesday, August 24th. Piper Jaffray Cos. set a $12.00 target price on shares of Guess and gave the company a “sell” rating in a report on Sunday, August 21st. Telsey Advisory Group upped their target price on shares of Guess from $16.00 to $17.00 and gave the company a “market perform” rating in a report on Thursday, August 25th. Finally, Jefferies Group upped their target price on shares of Guess from $16.00 to $17.00 and gave the company a “hold” rating in a report on Thursday, August 25th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $18.07.
Guess (NYSE:GES) traded down 1.45% during midday trading on Monday, reaching $15.64. 970,583 shares of the company traded hands. Guess has a 12 month low of $13.20 and a 12 month high of $22.84. The firm has a market capitalization of $1.32 billion, a PE ratio of 19.70 and a beta of 0.62. The company’s 50-day moving average price is $14.55 and its 200 day moving average price is $15.11.
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In other Guess news, CEO Amigo Victor Herrero bought 2,177 shares of the company’s stock in a transaction that occurred on Monday, September 26th. The stock was purchased at an average price of $14.87 per share, with a total value of $32,371.99. Following the transaction, the chief executive officer now owns 334,703 shares in the company, valued at $4,977,033.61. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 28.80% of the company’s stock.
A number of hedge funds have recently modified their holdings of the stock. California Public Employees Retirement System increased its stake in shares of Guess by 0.5% in the second quarter. California Public Employees Retirement System now owns 313,734 shares of the company’s stock valued at $4,722,000 after buying an additional 1,600 shares during the period. Emerald Acquisition Ltd. purchased a new stake in shares of Guess during the second quarter valued at about $242,000. Mutual of America Capital Management LLC increased its stake in shares of Guess by 11.6% in the second quarter. Mutual of America Capital Management LLC now owns 49,073 shares of the company’s stock valued at $739,000 after buying an additional 5,106 shares during the period. State Treasurer State of Michigan increased its stake in shares of Guess by 1.2% in the second quarter. State Treasurer State of Michigan now owns 25,700 shares of the company’s stock valued at $387,000 after buying an additional 300 shares during the period. Finally, Suntrust Banks Inc. increased its stake in shares of Guess by 3.5% in the second quarter. Suntrust Banks Inc. now owns 160,446 shares of the company’s stock valued at $2,414,000 after buying an additional 5,400 shares during the period. 74.92% of the stock is owned by institutional investors.
Guess Company Profile
Guess?, Inc designs, markets, distributes and licenses a lifestyle collection of apparel and accessories for men, women and children. The Company operates through five segments: Americas Retail, which includes its retail and e-commerce operations in North and Central America and its retail operations in South America; Europe, which includes its wholesale, retail and e-commerce operations in Europe and the Middle East; Asia, which includes its retail, e-commerce and wholesale operations in Asia; Americas Wholesale, which includes its wholesale operations in the Americas, and Licensing, which includes licensing operations of the Company across the world.
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