Guess', Inc. (GES) Reaches $14.89 After 8.00% Down Move; Turkish Investment Fund Has 1 Sentiment

February 20, 2018 - By Stephen Andrade

The stock of Guess', Inc. (NYSE:GES) is a huge mover today! The stock decreased 4.18% or $0.65 during the last trading session, reaching $14.89. About 448,043 shares traded. Guess', Inc. (NYSE:GES) has declined 38.50% since February 20, 2017 and is downtrending. It has underperformed by 55.20% the S&P500.The move comes after 6 months negative chart setup for the $1.23 billion company. It was reported on Feb, 20 by Barchart.com. We have $13.70 PT which if reached, will make NYSE:GES worth $98.00M less.

The stock increased 0.27% or $0.0248 during the last trading session, reaching $9.1348. About 35,863 shares traded or 43.14% up from the average. The Turkish Investment Fund, Inc. (TKF) has risen 13.63% since February 20, 2017 and is uptrending. It has underperformed by 3.07% the S&P500.

Bulldog Investors Llc holds 0.88% of its portfolio in The Turkish Investment Fund, Inc. for 322,661 shares. Yakira Capital Management Inc. owns 249,714 shares or 0.78% of their US portfolio. Moreover, Ionic Capital Management Llc has 0.1% invested in the company for 254,364 shares. The Illinois-based Css Llc Il has invested 0.07% in the stock. Karpus Management Inc., a New York-based fund reported 47,742 shares.

Among 11 analysts covering Guess? (NYSE:GES), 1 have Buy rating, 1 Sell and 9 Hold. Therefore 9% are positive. Guess? had 40 analyst reports since August 15, 2015 according to SRatingsIntel. The rating was upgraded by Miller Tabek on Friday, May 27 to “Hold”. The rating was maintained by Jefferies on Thursday, September 28 with “Hold”. On Thursday, May 26 the stock rating was maintained by Mizuho with “Neutral”. The firm has “Hold” rating by Jefferies given on Thursday, March 17. Cowen & Co maintained the stock with “Hold” rating in Wednesday, September 27 report. FBR Capital maintained it with “Buy” rating and $1600 target in Friday, July 21 report. The firm has “Hold” rating given on Wednesday, August 9 by Standpoint Research. Topeka Capital Markets maintained it with “Hold” rating and $20 target in Thursday, August 27 report. As per Thursday, March 17, the company rating was maintained by Topeka Capital Markets. Telsey Advisory Group maintained Guess', Inc. (NYSE:GES) on Thursday, August 25 with “Market Perform” rating.

Guess?, Inc. designs, markets, distributes, and licenses lifestyle collections of apparel and accessories for men, women, and children. The company has market cap of $1.23 billion. It operates through five divisions: Americas Retail, Europe, Asia, Americas Wholesale, and Licensing. It currently has negative earnings. The companyÂ’s clothing collection includes jeans, pants, skirts, dresses, shorts, blouses, shirts, jackets, knitwear, and intimate apparel.

Investors sentiment decreased to 1.02 in Q3 2017. Its down 0.06, from 1.08 in 2017Q2. It fall, as 15 investors sold Guess', Inc. shares while 49 reduced holdings. 33 funds opened positions while 32 raised stakes. 66.54 million shares or 2.46% more from 64.94 million shares in 2017Q2 were reported. 72,300 were accumulated by Quantitative Investment Management Limited Liability. California State Teachers Retirement System invested in 95,849 shares or 0% of the stock. California Employees Retirement System holds 0.01% of its portfolio in Guess', Inc. (NYSE:GES) for 396,221 shares. Credit Suisse Ag invested in 0% or 46,463 shares. Bridgeway Capital Mgmt reported 0.05% stake. Pinebridge Investments Ltd Partnership invested in 0.03% or 74,922 shares. Columbus Circle Invsts holds 0.14% or 484,422 shares. Profund Advsr Limited Com has invested 0.01% in Guess', Inc. (NYSE:GES). Riverhead Cap Management Ltd Company invested in 0% or 4,656 shares. Bessemer Group invested 0% in Guess', Inc. (NYSE:GES). Morgan Stanley has 0% invested in Guess', Inc. (NYSE:GES) for 133,810 shares. Pnc Finance Gp owns 1,560 shares. Fmr Ltd Liability has 0.03% invested in Guess', Inc. (NYSE:GES). Ancora Advisors Limited Com has 216,366 shares. State Street Corp has invested 0% in Guess', Inc. (NYSE:GES).

Analysts await Guess', Inc. (NYSE:GES) to report earnings on March, 21. They expect $0.53 earnings per share, up 29.27% or $0.12 from last year’s $0.41 per share. GES’s profit will be $43.60M for 7.02 P/E if the $0.53 EPS becomes a reality. After $0.12 actual earnings per share reported by Guess', Inc. for the previous quarter, Wall Street now forecasts 341.67% EPS growth.

Since September 6, 2017, it had 0 insider buys, and 1 insider sale for $96,180 activity. Isaacson-Leibowitz Kay sold $96,180 worth of stock or 6,000 shares.

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By1 Stephen Andrade

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