Guess? (NYSE:GES) Sees Large Volume Increase

Guess?, Inc. (NYSE:GES - Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 1,773,383 shares were traded during trading, an increase of 53% from the previous session's volume of 1,160,927 shares.The stock last traded at $24.60 and had previously closed at $25.00.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. UBS Group lifted their price target on shares of Guess? from $26.00 to $32.00 and gave the company a "neutral" rating in a report on Monday, March 25th. StockNews.com upgraded shares of Guess? from a "hold" rating to a "buy" rating in a report on Friday, March 22nd. Telsey Advisory Group lifted their price target on shares of Guess? from $23.00 to $30.00 and gave the company a "market perform" rating in a report on Thursday, March 21st. Jefferies Financial Group lifted their price target on shares of Guess? from $24.00 to $29.00 and gave the company a "hold" rating in a report on Thursday, March 21st. Finally, B. Riley reiterated a "buy" rating and issued a $37.00 price target (up from $33.00) on shares of Guess? in a report on Monday, April 8th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $32.00.

Guess? Trading Down 8.2 %

The stock has a 50-day simple moving average of $26.77 and a 200 day simple moving average of $24.00. The company has a current ratio of 1.55, a quick ratio of 0.96 and a debt-to-equity ratio of 0.50. The company has a market cap of $1.35 billion, a price-to-earnings ratio of 8.47 and a beta of 1.98.

Guess? (NYSE:GES - Get Free Report) last issued its quarterly earnings results on Wednesday, March 20th. The company reported $2.01 EPS for the quarter, topping analysts' consensus estimates of $1.55 by $0.46. Guess? had a return on equity of 30.02% and a net margin of 7.14%. The company had revenue of $891.05 million during the quarter, compared to analysts' expectations of $855.54 million. During the same quarter in the previous year, the firm posted $1.74 EPS. The firm's revenue was up 9.0% compared to the same quarter last year. As a group, equities research analysts predict that Guess?, Inc. will post 2.93 EPS for the current fiscal year.

Guess? Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 3rd. Shareholders of record on Wednesday, April 17th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, April 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.74%. Guess?'s payout ratio is currently 41.38%.

Insider Buying and Selling at Guess?

In other Guess? news, CEO Carlos Alberini sold 138,203 shares of Guess? stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $30.53, for a total transaction of $4,219,337.59. Following the completion of the transaction, the chief executive officer now owns 1,131,575 shares in the company, valued at approximately $34,546,984.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 41.00% of the company's stock.

Hedge Funds Weigh In On Guess?

Institutional investors and hedge funds have recently modified their holdings of the business. Allspring Global Investments Holdings LLC boosted its holdings in Guess? by 266.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,810 shares of the company's stock worth $39,000 after buying an additional 1,316 shares during the last quarter. Coppell Advisory Solutions Corp. acquired a new stake in Guess? in the 4th quarter worth about $40,000. Quarry LP acquired a new stake in Guess? in the 1st quarter worth about $45,000. Quest Partners LLC acquired a new stake in Guess? in the 4th quarter worth about $49,000. Finally, Tower Research Capital LLC TRC boosted its holdings in Guess? by 732.9% in the 1st quarter. Tower Research Capital LLC TRC now owns 2,807 shares of the company's stock worth $55,000 after buying an additional 2,470 shares during the last quarter. Hedge funds and other institutional investors own 61.74% 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.