Trade Report: Today: Guess Inc. (GES) Receives Buy Rating from Wunderlich

Today: Guess Inc. (GES) Receives Buy Rating from Wunderlich

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

A number of other equities research analysts have also commented on GES. Piper Jaffray Cos. set a $12.00 price objective on Guess and gave the stock a “sell” rating in a research report on Sunday, August 21st. Zacks Investment Research upgraded Guess from a “sell” rating to a “hold” rating and set a $20.00 price objective for the company in a research report on Wednesday, August 24th. B. Riley upgraded Guess from a “neutral” rating to a “buy” rating and set a $21.00 price objective for the company in a research report on Thursday, August 25th. Telsey Advisory Group raised their price objective on Guess from $16.00 to $17.00 and gave the stock a “market perform” rating in a research report on Thursday, August 25th. Finally, Jefferies Group raised their price objective on Guess from $16.00 to $17.00 and gave the stock a “hold” rating in a research report on Thursday, August 25th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $18.07.

Shares of Guess (NYSE:GES) traded down 1.45% during mid-day trading on Monday, reaching $15.64. 970,583 shares of the company’s stock traded hands. Guess has a 1-year low of $13.20 and a 1-year high of $22.84. The firm has a 50-day moving average price of $14.55 and a 200-day moving average price of $15.11. The company 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 acquired 2,177 shares of the business’s stock in a transaction that occurred on Monday, September 26th. The shares were acquired at an average cost of $14.87 per share, with a total value of $32,371.99. Following the purchase, the chief executive officer now owns 334,703 shares of the company’s stock, valued at $4,977,033.61. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 28.80% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. California Public Employees Retirement System increased its position 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 in the last quarter. Emerald Acquisition Ltd. acquired a new position in shares of Guess during the second quarter valued at approximately $242,000. Mutual of America Capital Management LLC increased its position 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 in the last quarter. State Treasurer State of Michigan increased its position 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 in the last quarter. Finally, Suntrust Banks Inc. increased its position 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 in the last quarter. 74.92% of the stock is currently owned by institutional investors and hedge funds.

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