Victor Herrero (Insider Trades), CEO and Director of Guess? Inc. (GES), purchased 1,031 shares of the company on April 18. The average price per share was $17.39 for a total transaction cost of $17,929. Guess? Inc. designs, markets, distributes, and licenses consumer products such as apparel, denim, handbags, and related accessories worldwide. The company has a market cap of $1.52 billion and a P/S ratio of 0.67.
There were no insider buys in 2013, one insider buy totaling 15,000 shares in 2014 and two insider buys totaling 1,566 shares of the company in 2015. Herrero purchased 2,597 shares of the company in three transactions since 2013. His earliest transaction with the company of 650 shares at an average per share price of $19.33 decreased in value by about 10% since then. The number and volume of insider transactions with GES increased in 2014, which corresponds to a decrease in month end price starting in 2014 and continuing on to early 2015. 
For more information about insider transactions with Guess? Inc., click here.
For the three months ended on Jan. 30, the company reported net earnings of $47.777 million, or 57 cents per share. This is down from net earnings of $53.929 million, or 63 cents per share in the year-ago quarter. Net revenue also decreased from $696.727 million to $658.259 million during the same period of time. Annual revenue since 2011 decreased 2.84% but continues to follow an increasing trend line. Annual net income also decreased 23.97% since 2011, but follows an increasing trend line. 
Herrero commented that “there is still more work to be done,” but that the “initiatives [the company] has started to implement in the last few months have contributed to the encouraging results. On Jan. 29, the company announced their new policy related to the use of angora fibers. Herrero commented that though in the past, “Guess has worked to ensure the minimal amount of angora used was ethically sourced,” the company feels that the “decision to eliminate angora moving forward is just the right thing to do.”
According to GuruFocus.com information, Guess? Inc. has a business predictability rank of 1 out of 5 stars. For more information about business predictability rank, click here.
Joel Greenblatt (Trades, Portfolio) reduced his stake in GES by 30.90% in the fourth quarter of 2015, selling 733,763 shares of the company at an average per share price of $20.54. On the other hand, Chuck Royce (Trades, Portfolio) increased his stake in GES by acquiring 154,000 shares of the company at an average per share price of $20.54. The total estimated loss of each holding is 19% and 13%. For more information about guru transactions with the company, click here.
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