Guess’ (NYSE:GES – Get Rating) released its quarterly earnings results on Tuesday. The company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.11), RTT News reports. Guess’ had a return on equity of 28.40% and a net margin of 4.86%. The firm had revenue of $633.40 million for the quarter, compared to analyst estimates of $614.00 million. During the same period in the prior year, the business earned $0.62 earnings per share. Guess”s revenue for the quarter was down 1.5% on a year-over-year basis.
Guess’ Price Performance
GES opened at $19.75 on Wednesday. The company’s 50 day simple moving average is $16.56 and its 200 day simple moving average is $18.03. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.74 and a current ratio of 1.45. Guess’ has a 1 year low of $14.27 and a 1 year high of $25.27. The stock has a market capitalization of $1.08 billion, a PE ratio of 10.08 and a beta of 1.89.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on GES. StockNews.com began coverage on shares of Guess’ in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. TheStreet raised shares of Guess’ from a “c” rating to a “b-” rating in a research report on Wednesday, August 24th.
Insider Buying and Selling
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of GES. PNC Financial Services Group Inc. raised its holdings in Guess’ by 27.5% in the first quarter. PNC Financial Services Group Inc. now owns 2,692 shares of the company’s stock valued at $59,000 after buying an additional 581 shares during the period. MetLife Investment Management LLC raised its stake in shares of Guess’ by 48.5% during the first quarter. MetLife Investment Management LLC now owns 22,428 shares of the company’s stock valued at $490,000 after purchasing an additional 7,322 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Guess’ by 14.1% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 33,609 shares of the company’s stock valued at $734,000 after purchasing an additional 4,152 shares during the period. APG Asset Management N.V. purchased a new stake in shares of Guess’ during the first quarter valued at approximately $391,000. Finally, Great West Life Assurance Co. Can raised its stake in shares of Guess’ by 6.0% during the first quarter. Great West Life Assurance Co. Can now owns 37,147 shares of the company’s stock valued at $833,000 after purchasing an additional 2,112 shares during the period. Hedge funds and other institutional investors own 57.68% of the company’s stock.
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, activewear, knitwear, and intimate apparel.
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