Insider Selling: Maurice Marciano Sells 1,000,000 Shares of Guess? Stock (GES)
Guess? (NYSE:GES) Director Maurice Marciano sold 1,000,000 shares of Guess? stock on the open market in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $29.48, for a total value of $29,480,000.00. Following the sale, the director now directly owns 22,136 shares in the company, valued at approximately $652,569. The sale was disclosed in a filing with the SEC, which is available at this link.
GES has been the subject of a number of recent research reports. Analysts at TheStreet downgraded shares of Guess? from a “buy” rating to a “hold” rating in a research note to investors on Friday, January 10th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Guess? in a research note to investors on Friday, December 6th. They now have a $34.00 price target on the stock. Finally, analysts at Telsey Advisory Group raised their price target on shares of Guess? from $30.00 to $35.00 in a research note to investors on Thursday, December 5th. They now have a “not rated” rating on the stock. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $32.54.
Guess? (NYSE:GES) traded down 0.78% on Thursday, hitting $29.27. The stock had a trading volume of 1,349,048 shares. Guess? has a one year low of $24.31 and a one year high of $34.94. The stock has a 50-day moving average of $31.19 and a 200-day moving average of $31.37. The company has a market cap of $2.484 billion and a price-to-earnings ratio of 16.12.
Guess? (NYSE:GES) last announced its earnings results on Wednesday, December 4th. The company reported $0.40 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.38 by $0.02. The company had revenue of $613.50 million for the quarter, compared to the consensus estimate of $613.56 million. During the same quarter last year, the company posted $0.43 earnings per share. Guess?’s revenue was down 2.4% compared to the same quarter last year. On average, analysts predict that Guess? will post $1.87 earnings per share for the current fiscal year.
Guess?, Inc (NYSE:GES) designs, markets, distributes and licenses apparel and accessories for men, women and children.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.