Insider Buying: Guess?, Inc. (NYSE:GES) CEO Purchases 347,353 Shares of Stock

Guess?, Inc. (NYSE:GES) CEO Carlos Alberini bought 347,353 shares of the company’s stock in a transaction on Thursday, June 13th. The stock was purchased at an average price of $14.32 per share, with a total value of $4,974,094.96. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of GES stock traded up $0.12 on Friday, hitting $14.23. The company had a trading volume of 1,791,747 shares, compared to its average volume of 2,737,178. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 14.52, a PEG ratio of 0.64 and a beta of 0.45. The company has a current ratio of 1.42, a quick ratio of 0.68 and a debt-to-equity ratio of 1.84. Guess?, Inc. has a twelve month low of $13.88 and a twelve month high of $26.95.

Guess? (NYSE:GES) last issued its quarterly earnings results on Thursday, June 6th. The company reported ($0.25) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.01. The company had revenue of $537.00 million during the quarter, compared to analysts’ expectations of $536.78 million. Guess? had a return on equity of 10.10% and a net margin of 0.53%. The business’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.23) earnings per share. Sell-side analysts forecast that Guess?, Inc. will post 1.26 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Wednesday, June 19th will be paid a $0.112 dividend. The ex-dividend date of this dividend is Tuesday, June 18th. This represents a $0.45 annualized dividend and a dividend yield of 3.15%. Guess?’s payout ratio is 91.84%.

Hedge funds have recently modified their holdings of the company. Meeder Asset Management Inc. acquired a new stake in shares of Guess? in the first quarter valued at about $29,000. NumerixS Investment Technologies Inc acquired a new stake in shares of Guess? in the fourth quarter valued at about $34,000. Macquarie Group Ltd. acquired a new stake in Guess? during the first quarter worth approximately $44,000. PNC Financial Services Group Inc. grew its stake in Guess? by 31.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,516 shares of the company’s stock worth $52,000 after purchasing an additional 598 shares during the period. Finally, Pearl River Capital LLC acquired a new stake in Guess? during the first quarter worth approximately $60,000. 76.96% of the stock is owned by institutional investors.

Several research firms have commented on GES. Zacks Investment Research upgraded Guess? from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 21st. ValuEngine downgraded Guess? from a “hold” rating to a “sell” rating in a research report on Monday, May 20th. B. Riley set a $29.00 target price on Guess? and gave the company a “buy” rating in a research report on Friday, May 17th. Telsey Advisory Group reiterated a “market perform” rating and issued a $19.00 target price (down from $22.00) on shares of Guess? in a research report on Tuesday, April 23rd. Finally, Jefferies Financial Group set a $24.00 price target on Guess? and gave the company a “buy” rating in a research note on Thursday, March 21st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. Guess? presently has a consensus rating of “Hold” and an average price target of $23.50.

COPYRIGHT VIOLATION WARNING: This article was first reported by Transcript Daily and is owned by of Transcript Daily. If you are accessing this article on another site, it was stolen and reposted in violation of US & international copyright & trademark law. The legal version of this article can be viewed at https://transcriptdaily.com/2019/06/15/insider-buying-guess-inc-nyseges-ceo-purchases-347353-shares-of-stock.html.

Guess? Company Profile

Guess?, Inc designs, markets, distributes, and licenses lifestyle collections of apparel and accessories for men, women, and children. It operates through five segments: Americas Retail, Americas Wholesale, Europe, Asia, and Licensing. The company's clothing collection includes jeans, pants, skirts, dresses, shorts, blouses, shirts, jackets, knitwear, and intimate apparel.

See Also: What is a portfolio manager?

Receive News & Ratings for Guess? Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Guess? and related companies with MarketBeat.com's FREE daily email newsletter.