Guess?, Inc. (GES) CEO Amigo Victor Herrero Buys 3,274 Shares

Guess?, Inc. (NYSE:GES) CEO Amigo Victor Herrero purchased 3,274 shares of Guess? stock in a transaction dated Monday, June 26th. The shares were acquired at an average cost of $11.70 per share, with a total value of $38,305.80. Following the transaction, the chief executive officer now directly owns 392,848 shares in the company, valued at $4,596,321.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Amigo Victor Herrero also recently made the following trade(s):

  • On Monday, April 17th, Amigo Victor Herrero bought 3,100 shares of Guess? stock. The stock was purchased at an average cost of $10.92 per share, with a total value of $33,852.00.

Shares of Guess?, Inc. (NYSE:GES) traded up 2.18% during midday trading on Friday, reaching $13.12. 1,256,240 shares of the company’s stock were exchanged. Guess?, Inc. has a one year low of $9.56 and a one year high of $18.68. The company’s 50-day moving average is $12.12 and its 200-day moving average is $11.84. The stock has a market cap of $1.09 billion, a P/E ratio of 42.05 and a beta of 0.41.

Guess? (NYSE:GES) last posted its quarterly earnings data on Wednesday, May 24th. The company reported ($0.24) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.32) by $0.08. The business had revenue of $458.60 million during the quarter, compared to analysts’ expectations of $449.22 million. Guess? had a return on equity of 3.67% and a net margin of 1.20%. The business’s revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.23) earnings per share. Equities analysts expect that Guess?, Inc. will post $0.40 earnings per share for the current fiscal year.

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Hedge funds have recently modified their holdings of the company. Sigma Planning Corp boosted its stake in shares of Guess? by 3.7% in the first quarter. Sigma Planning Corp now owns 18,900 shares of the company’s stock valued at $211,000 after buying an additional 675 shares during the last quarter. FMR LLC boosted its stake in shares of Guess? by 1.2% in the first quarter. FMR LLC now owns 12,643,167 shares of the company’s stock valued at $140,971,000 after buying an additional 147,447 shares during the last quarter. New York State Teachers Retirement System boosted its stake in shares of Guess? by 30.0% in the fourth quarter. New York State Teachers Retirement System now owns 131,130 shares of the company’s stock valued at $1,587,000 after buying an additional 30,226 shares during the last quarter. Thrivent Financial for Lutherans purchased a new stake in shares of Guess? during the fourth quarter valued at approximately $405,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of Guess? by 2.1% in the first quarter. Bank of New York Mellon Corp now owns 1,727,549 shares of the company’s stock valued at $19,262,000 after buying an additional 35,422 shares during the last quarter. Hedge funds and other institutional investors own 79.51% of the company’s stock.

Several equities research analysts recently issued reports on the stock. Cowen and Company set a $11.00 target price on shares of Guess? and gave the stock a “hold” rating in a report on Friday. B. Riley reissued a “neutral” rating and issued a $12.00 target price on shares of Guess? in a report on Sunday, June 4th. BidaskClub lowered shares of Guess? from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. FBR & Co assumed coverage on shares of Guess? in a report on Tuesday, July 11th. They issued an “outperform” rating and a $16.00 target price for the company. Finally, Jefferies Group LLC reduced their target price on shares of Guess? from $12.00 to $11.00 and set a “hold” rating for the company in a report on Thursday, May 25th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $12.78.

About Guess?

Guess?, Inc designs, markets, distributes and licenses a lifestyle collections of apparel and accessories for men, women and children. The Company operates through five segments: Americas Retail, Europe, Asia, Americas Wholesale and Licensing. The Americas Retail segment includes the Company’s retail and e-commerce operations in North and Central America and its retail operations in South America.

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