Guess? Inc. (NYSE: GES) stock fell -1.07% on Monday to $22.15 against a previous-day closing price of $22.39. With 1.29 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.01 million shares. During the session, the Apparel Retail company that operates in wider Consumer Cyclical sector, reached to the highest price of $22.66 whereas the lowest price it dropped to was $22.13. The 52-week range on GES shows that it touched its highest point at $24.84 and its lowest point at $14.27 during that stretch. It currently has a 1-year price target of $27.30. With its current market cap of 1.19 billion, GES has annualized dividend of $1.20 while the current yield stands at 5.42%. Beta for the stock currently stands at 1.90.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of GES was down-trending over the past week, with a drop of -2.64%, but this was up by 12.10% over a month. Three-month performance surged to 7.68% while six-month performance rose 15.55%. The stock gained 37.32% in the past year, while it has gained 7.06% so far this year. A look at the trailing 12-month EPS for GES yields 2.14 with Next year EPS estimates of 3.15. For the next quarter, that number is 0.61. This implies an EPS growth rate of -15.10% for this year and 6.41% for next year. EPS is expected to grow by 4.40% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 35.50%.
Float and Shares Shorts:
At present, 53.59 million GES shares are outstanding with a float of 26.65 million shares on hand for trading. On Aug 30, 2023, short shares totaled 7.79 million, which was 14.54% higher than short shares on Jul 30, 2023. In addition to Mr. Carlos E. Alberini as the firm’s CEO & Director, Mr. Maurice Marciano serves as its Co-Founder & Director.
Through their ownership of 61.10% of GES’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 60.33% of GES, in contrast to 32.66% held by mutual funds. Shares owned by individuals account for 30.64%. As the largest shareholder in GES with 8.59% of the stake, BlackRock Fund Advisors holds 4,598,623 shares worth 4,598,623. A second-largest stockholder of GES, The Vanguard Group, Inc., holds 3,618,820 shares, controlling over 6.76% of the firm’s shares. Dimensional Fund Advisors LP is the third largest shareholder in GES, holding 3,436,704 shares or 6.42% stake. With a 3.93% stake in GES, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 2,101,424 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 1.98% of GES stock, is the second-largest Mutual Fund holder. It holds 1,061,862 shares valued at 25.55 million. Vanguard Small Cap Index Fund holds 1.48% of the stake in GES, owning 794,289 shares worth 19.11 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GES since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With GES analysts setting a high price target of $32.50 and a low target of $22.00, the average target price over the next 12 months is $27.30. Based on these targets, GES could surge 46.73% to reach the target high and fall by -0.68% to reach the target low. Reaching the average price target will result in a growth of 23.25% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded GES stock several times over the past three months with 2 Buys and 0 Sells. In these transactions, 18,461 shares were bought while 0 shares were sold. The number of buy transactions has increased to 13 while that of sell transactions has risen to 11 over the past year. The total number of shares bought during that period was 898,385 while 264,446 shares were sold.