Trading Report: Today: Guess Inc. (GES) Given “Buy” Rating at Wunderlich

Today: Guess Inc. (GES) Given “Buy” Rating at Wunderlich

Guess Inc. (NYSE:GES)‘s stock had its “buy” rating restated by analysts at Wunderlich in a research note issued to investors on Monday. They presently have a $27.00 price objective on the stock. Wunderlich’s price target suggests a potential upside of 72.63% from the stock’s previous close.

Several other equities analysts have also issued reports on the company. Zacks Investment Research raised Guess from a “sell” rating to a “hold” rating and set a $20.00 price target on the stock in a research note on Wednesday, August 24th. Telsey Advisory Group upped their price target on Guess from $16.00 to $17.00 and gave the company a “market perform” rating in a research note on Thursday, August 25th. Jefferies Group upped their price target on Guess from $16.00 to $17.00 and gave the company a “hold” rating in a research note on Thursday, August 25th. Piper Jaffray Cos. set a $12.00 price target on Guess and gave the company a “sell” rating in a research note on Sunday, August 21st. Finally, B. Riley reissued a “buy” rating and issued a $21.00 target price on shares of Guess in a research note on Tuesday, August 30th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $18.07.

Shares of Guess (NYSE:GES) traded down 1.45% during trading on Monday, reaching $15.64. The company had a trading volume of 970,583 shares. The company has a 50 day moving average of $14.55 and a 200-day moving average of $15.11. Guess has a 52-week low of $13.20 and a 52-week high of $22.84. The firm has a market capitalization of $1.32 billion, a P/E ratio of 19.70 and a beta of 0.62.

In related news, CEO Amigo Victor Herrero purchased 2,177 shares of the firm’s stock in a transaction on Monday, September 26th. The stock was purchased at an average cost of $14.87 per share, for a total transaction of $32,371.99. Following the completion of the purchase, the chief executive officer now directly owns 334,703 shares in the company, valued at $4,977,033.61. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 28.80% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of GES. Oak Associates Ltd. OH increased its position in Guess by 4.1% in the first quarter. Oak Associates Ltd. OH now owns 19,555 shares of the company’s stock worth $367,000 after buying an additional 775 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in Guess by 190.3% in the second quarter. BNP Paribas Arbitrage SA now owns 55,790 shares of the company’s stock worth $840,000 after buying an additional 36,574 shares in the last quarter. Nisa Investment Advisors LLC increased its position in Guess by 164.8% in the second quarter. Nisa Investment Advisors LLC now owns 33,100 shares of the company’s stock worth $498,000 after buying an additional 20,600 shares in the last quarter. Palo Capital Inc. bought a new position in Guess during the second quarter worth $404,000. Finally, Bank of Montreal Can bought a new position in Guess during the second quarter worth $161,000. Hedge funds and other institutional investors own 74.92% of the company’s stock.

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