Traders Buy High Volume of Put Options on Guess? (NYSE:GES)

Guess?, Inc. (NYSE:GES) was the recipient of some unusual options trading activity on Friday. Stock traders acquired 5,815 put options on the stock. This is an increase of 583% compared to the typical volume of 852 put options.

Guess? Price Performance

Shares of GES traded down $0.46 during mid-day trading on Friday, reaching $10.06. The stock had a trading volume of 905,213 shares, compared to its average volume of 1,092,998. The firm has a market cap of $517.45 million, a price-to-earnings ratio of 8.47 and a beta of 1.88. Guess? has a 12 month low of $10.04 and a 12 month high of $33.50. The business has a fifty day moving average of $12.97 and a 200 day moving average of $16.58. 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 posted its quarterly earnings results on Tuesday, November 26th. The company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.03). The firm had revenue of $738.52 million during the quarter, compared to the consensus estimate of $747.36 million. Guess? had a return on equity of 23.29% and a net margin of 3.19%. The business’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.49 earnings per share. Equities analysts predict that Guess? will post 1.92 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have commented on GES shares. UBS Group reduced their target price on shares of Guess? from $18.00 to $16.00 and set a “neutral” rating for the company in a report on Wednesday, November 27th. Telsey Advisory Group reduced their target price on shares of Guess? from $21.00 to $18.00 and set a “market perform” rating for the company in a report on Wednesday, November 27th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $25.00.

Hedge Funds Weigh In On Guess?

Hedge funds and other institutional investors have recently modified their holdings of the stock. Quarry LP boosted its position in shares of Guess? by 216.9% during the third quarter. Quarry LP now owns 3,359 shares of the company’s stock worth $68,000 after acquiring an additional 2,299 shares during the last quarter. EMC Capital Management boosted its position in shares of 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 acquiring an additional 6,068 shares during the last quarter. Freestone Grove Partners LP bought a new position in shares of Guess? during the fourth quarter worth $171,000. Point72 Hong Kong Ltd bought a new position in shares of Guess? during the fourth quarter worth $175,000. Finally, Jump Financial LLC bought a new position in shares of Guess? during the fourth quarter worth $191,000. Institutional investors own 61.74% of the company’s stock.

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.