Stock Traders Purchase High Volume of Guess? Put Options (NYSE:GES)

Guess?, Inc. (NYSE:GES) was the recipient of unusually large options trading activity on Friday. Investors bought 5,815 put options on the stock. This represents an increase of 583% compared to the typical daily volume of 852 put options.

Analyst Ratings Changes

GES has been the subject of several research analyst reports. Telsey Advisory Group reduced their price target 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. UBS Group cut their price objective on shares of Guess? from $18.00 to $16.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 27th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Guess? presently has an average rating of “Hold” and a consensus price target of $25.00.

Guess? Trading Down 3.5 %

NYSE GES opened at $10.15 on Friday. Guess? has a 52 week low of $10.03 and a 52 week high of $33.50. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.74 and a current ratio of 1.54. The stock’s 50 day moving average price is $12.89 and its two-hundred day moving average price is $16.46. The stock has a market capitalization of $522.29 million, a price-to-earnings ratio of 8.53 and a beta of 1.88.

Institutional Trading of Guess?

A number of institutional investors have recently made changes to their positions in GES. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Guess? in the 4th quarter valued at $1,243,000. PharVision Advisers LLC acquired a new position in shares of Guess? during the 4th quarter worth about $197,000. Point72 Hong Kong Ltd acquired a new stake in shares of Guess? in the fourth quarter valued at about $175,000. Occudo Quantitative Strategies LP acquired a new stake in shares of Guess? in the fourth quarter valued at about $798,000. Finally, Millennium Management LLC raised its holdings in Guess? by 160.2% during the fourth quarter. Millennium Management LLC now owns 1,159,249 shares of the company’s stock worth $16,299,000 after acquiring an additional 713,666 shares in the last quarter. 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.