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Shares of Guess? (NYSE:GES) were the target of some unusual options trading on Tuesday. Stock investors bought 3,251 put options on the stock, AnalystRatings.NET reports. This represents an increase of 444% compared to the average volume of 598 put options.

A number of analysts have recently weighed in on GES shares. Analysts at Standpoint Research upgraded shares of Guess? from a “hold” rating to a “buy” rating in a research note on Friday. They now have a $32.00 price target on the stock, down previously from $480.00. Separately, analysts at Piper Jaffray downgraded shares of Guess? from an “overweight” rating to a “neutral” rating in a research note on Tuesday, August 19th. They now have a $25.00 price target on the stock, down previously from $29.00. Finally, analysts at Wunderlich initiated coverage on shares of Guess? in a research note on Thursday, August 14th. They set a “buy” rating and a $31.00 price target on the stock. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $30.92.

Guess? (NYSE:GES) traded down 0.27% during mid-day trading on Tuesday, hitting $25.83. The stock had a trading volume of 1,344,546 shares. Guess? has a 52 week low of $24.60 and a 52 week high of $34.94. The stock has a 50-day moving average of $26.48 and a 200-day moving average of $27.45. The company has a market cap of $2.202 billion and a P/E ratio of 15.69.

Guess? (NYSE:GES) last released its earnings data on Thursday, May 29th. The company reported ($0.03) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.06) by $0.03. The company had revenue of $522.50 million for the quarter, compared to the consensus estimate of $528.44 million. During the same quarter in the prior year, the company posted $0.14 earnings per share. The company’s quarterly revenue was down 4.8% on a year-over-year basis. Analysts expect that Guess? will post $1.46 EPS for the current fiscal year.

Guess?, Inc (NYSE:GES) designs, markets, distributes and licenses apparel and accessories for men, women and children.

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