Guess? Target of Unusually Large Options Trading (NYSE:GES)

Guess?, Inc. (NYSE:GES) was the target of unusually large options trading activity on Friday. Stock investors purchased 5,815 put options on the company. This represents an increase of 583% compared to the average volume of 852 put options.

Guess? Stock Down 3.5 %

Guess? stock opened at $10.15 on Friday. Guess? has a fifty-two week low of $10.03 and a fifty-two week high of $33.50. The firm has a market capitalization of $522.29 million, a price-to-earnings ratio of 8.53 and a beta of 1.88. The stock’s fifty day moving average is $12.89 and its two-hundred day moving average is $16.50. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.74 and a current ratio of 1.54.

Guess? (NYSE:GES) last issued its quarterly earnings data on Tuesday, November 26th. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.03). Guess? had a net margin of 3.19% and a return on equity of 23.29%. The business had revenue of $738.52 million during the quarter, compared to analyst estimates of $747.36 million. During the same period in the previous year, the company posted $0.49 earnings per share. Guess?’s revenue was up 13.4% on a year-over-year basis. Analysts predict that Guess? will post 1.92 EPS for the current fiscal year.

Institutional Trading of Guess?

Institutional investors and hedge funds have recently modified their holdings of the business. Quarry LP raised its position in shares of Guess? by 216.9% during the 3rd quarter. Quarry LP now owns 3,359 shares of the company’s stock worth $68,000 after purchasing an additional 2,299 shares during the last quarter. EMC Capital Management increased its position in Guess? by 158.0% during the fourth quarter. EMC Capital Management now owns 9,908 shares of the company’s stock worth $139,000 after buying an additional 6,068 shares in the last quarter. Freestone Grove Partners LP acquired a new position in shares of Guess? in the fourth quarter worth $171,000. Point72 Hong Kong Ltd acquired a new position in shares of Guess? in the fourth quarter worth $175,000. Finally, Jump Financial LLC purchased a new stake in shares of Guess? in the fourth quarter valued at $191,000. Hedge funds and other institutional investors own 61.74% of the company’s stock.

Wall Street Analyst Weigh In

GES has been the topic of several research analyst reports. Telsey Advisory Group decreased their target price on shares of Guess? from $21.00 to $18.00 and set a “market perform” rating on the stock in a research report on Wednesday, November 27th. UBS Group decreased their price objective on shares of Guess? from $18.00 to $16.00 and set a “neutral” rating on the stock in a report on Wednesday, November 27th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, Guess? currently has a consensus rating of “Hold” and a consensus price target of $25.00.

About Guess?

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.