Guess? (GES) was Downgraded by Piper Jaffray to ” Underweight”. Earlier the firm had a rating of “Neutral ” on the company shares. Piper Jaffray advised their investors in a research report released on Jul 19, 2016.
Many Wall Street Analysts have commented on Guess?. Guess? was Upgraded by Miller Tabak to ” Hold” on May 27, 2016. Shares were Reiterated by Mizuho on May 26, 2016 to “Neutral” and Lowered the Price Target to $ 17 from a previous price target of $19 .Shares were Reiterated by Telsey Advisory Group on May 26, 2016 to “Market Perform” and Lowered the Price Target to $ 19 from a previous price target of $21 .
On the company’s financial health, Guess? reported $-0.23 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on May 25, 2016. Analyst had a consensus of $-0.19. The company had revenue of $448.80 million for the quarter, compared to analysts expectations of $464.16 million. The company’s revenue was down -6.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.04 EPS.
Guess? opened for trading at $15.37 and hit $15.44 on the upside on Monday, eventually ending the session at $15.38, with a gain of 0.59% or 0.09 points. The heightened volatility saw the trading volume jump to 6,38,495 shares. Company has a market cap of $1,297 M.
In a different news, on Jun 29, 2016, Amigo Victor Herrero (CEO) purchased 1,233 shares at $14.57 per share price. According to the SEC, on Dec 18, 2015, Michael Relich (COO) sold 11,855 shares at $20.42 per share price. On Dec 18, 2015, Anthony Chidoni (director) sold 15,000 shares at $20.48 per share price, according to the Form-4 filing with the securities and exchange commission.
Guess? Inc. (GUESS?) designs markets distributes and licenses a collection of apparel and accessories for men women and children. GUESS? operates through five segments: North American Retail Europe Asia North American Wholesale and Licensing. The North American Retail segment includes the Company’s retail and e-commerce operations in North America and its retail operations in Central and South America. The Europe segment includes its wholesale retail and e-commerce operations in Europe and the Middle East. The Asia segment includes its wholesale retail and e-commerce operations in Asia. The North American Wholesale segment includes its wholesale operations in North America and Central and South America. The Licensing segment includes the Company’s licensing operations around the world. The Company’s apparel is marketed under various trademarks including GUESS GUESS? GUESS U.S.A. GUESS Jeans MARCIANO GUESS Kids Baby GUESS YES G by GUESS GUESS by MARCIANO and Gc.