Shares of Guess?, Inc. (NYSE:GES) are up big this afternoon, but down considerably from the session highs earlier this morning as the company came off of an earnings beat yesterday afternoon.
The company reported an EPS of 15 cents, beating the average analyst estimate of 11 cents per share. One area where Guess?, Inc. (NYSE:GES) disappointed analysts was on the top line with revenue coming it slightly lower than estimates at $520.96 million, down 11.7% over last year’s third quarter.The stock is up 5.63% or $1.1 after the positive news, hitting $20.64 per share. About 3.50M shares traded hands or 221.10% up from the average. GES has risen 5.91% since April 23, 2015 and is uptrending. It has outperformed by 7.03% the S&P500.
Out of 4 analysts covering Guess? (NYSE:GES), 1 rate it “Buy”, 0 “Sell”, while 3 “Hold”. This means 25% are positive. $27 is the highest target while $17 is the lowest. The $21.33 average target is 3.34% above today’s ($20.64) stock price. Guess? was the topic in 7 analyst reports since August 15, 2015 according to StockzIntelligence Inc. Mizuho maintained the stock on November 19 with “Neutral” rating. Wunderlich maintained the shares of GES in a report on October 13 with “Buy” rating.
The institutional sentiment decreased to 1.11 in Q2 2015. Its down 0.65, from 1.76 in 2015Q1. The ratio fall, as 29 funds sold all Guess?, Inc. shares owned while 52 reduced positions. 25 funds bought stakes while 65 increased positions. They now own 74.16 million shares or 3.11% more from 71.92 million shares in 2015Q1.
Community Financial Services Group Llc holds 1.61% of its portfolio in Guess?, Inc. for 175,977 shares. Van Berkom & Associates Inc. owns 1.42 million shares or 1.29% of their US portfolio. Moreover, Mork Capital Management has 0.79% invested in the company for 34,900 shares. The Colorado-based Platte River Capital Llc has invested 0.65% in the stock. Arga Investment Management Lp, a Connecticut-based fund reported 94,400 shares.
Since October 15, 2015, the stock had 0 insider purchases, and 1 insider sale for $463,600 net activity. Chidoni Anthony sold 20,000 shares worth $463,600.
Guess?, Inc. designs, markets, distributes and licenses a collection of apparel and accessories for men, women and children. The company has a market cap of $1.64 billion. GUESS? operates through five divisions: North American Retail, Europe, Asia, North American Wholesale and Licensing. It has 18.33 P/E ratio. The North American Retail segment includes the Company’s retail and e-commerce activities in North America, and its retail activities in Central and South America.