Trading Report: Today, Guess Inc. (GES) Scheduled to Post Quarterly Earnings on Wednesday

Today, Guess Inc. (GES) Scheduled to Post Quarterly Earnings on Wednesday

Guess Inc. (NYSE:GES) will be posting its Q317 quarterly earnings results on Wednesday, November 30th. Analysts expect Guess to post earnings of $0.14 per share and revenue of $548.37 million for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Shares of Guess Inc. (NYSE:GES) opened at 15.64 on Tuesday. Guess Inc. has a one year low of $13.20 and a one year high of $22.84. The stock’s 50 day moving average is $14.59 and its 200-day moving average is $15.08. The company has a market cap of $1.32 billion, a P/E ratio of 19.70 and a beta of 0.62.

A number of research analysts recently weighed in on GES shares. Piper Jaffray Cos. set a $12.00 price target on shares of Guess and gave the company a “sell” rating in a research report on Sunday, August 21st. Zacks Investment Research raised 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. B. Riley raised shares of Guess from a “neutral” rating to a “buy” rating and set a $21.00 price objective on the stock in a research report on Thursday, August 25th. Telsey Advisory Group lifted their price objective on shares of 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 lifted their price objective on shares of Guess from $16.00 to $17.00 and gave the stock a “hold” rating in a research report on Thursday, August 25th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $18.07.

In other news, CEO Amigo Victor Herrero acquired 2,177 shares of Guess stock in a transaction that occurred on Monday, September 26th. The stock was bought at an average price of $14.87 per share, with a total value of $32,371.99. Following the completion of the purchase, the chief executive officer now owns 334,703 shares in the company, valued at $4,977,033.61. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 28.80% of the company’s stock.

A number of institutional investors have recently modified their holdings of GES. State Street Corp boosted its position in shares of Guess by 21.6% in the second quarter. State Street Corp now owns 5,470,291 shares of the company’s stock valued at $82,330,000 after buying an additional 973,006 shares in the last quarter. BlackRock Fund Advisors boosted its position in shares of Guess by 5.7% in the second quarter. BlackRock Fund Advisors now owns 6,540,717 shares of the company’s stock valued at $98,438,000 after buying an additional 355,028 shares in the last quarter. Credit Suisse AG boosted its position in shares of Guess by 100.7% in the second quarter. Credit Suisse AG now owns 532,658 shares of the company’s stock valued at $8,017,000 after buying an additional 267,304 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Guess by 4.0% in the second quarter. Vanguard Group Inc. now owns 4,315,576 shares of the company’s stock valued at $64,949,000 after buying an additional 166,409 shares in the last quarter. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of Guess during the third quarter valued at approximately $1,820,000. 74.92% of the stock is owned by institutional investors.

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