Departure of Guess (GES) N.A. Head May Signal Disappointing Q4 Results - InvestingChannel

Departure of Guess (GES) N.A. Head May Signal Disappointing Q4 Results

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Rating Summary:

3 Buy, 5 Hold, 4 Sell

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Today’s Overall Ratings:

According to rumors today, Guess Inc. (NYSE: GES) N.A Head Nancy Shachtman will be leaving the company. Her departure would follow the exit of the company’s COO and CFO last year, and could signal disappointing Q4 results, according to Buckingham analyst David Glick. In a note he said Shactman’s departure was “not a good sign”.

Buckingham Research has an Underperform rating on Guess (NYSE: GES) with a price target of $22.00.

For an analyst ratings summary and ratings history on Guess click here. For more ratings news on Guess click here.

Shares of Guess closed at $28.58 yesterday, with a 52 week range of $22.48-$37.15.

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