Carlos Alberini, the CEO and Director of Guess Inc (NYSE:GES), has sold a significant portion of his holdings in the company, according to the latest filings. The transactions, which took place on April 5th and April 8th, amounted to a total of $10,641,022.
The sales were executed in multiple transactions over the two days, with prices ranging from $30.02 to $30.98 per share. On April 5th, Alberini sold 211,797 shares at an average price of $30.32, and on April 8th, an additional 138,203 shares were sold at an average price of $30.53. These transactions represent a weighted average price, with the exact details of the amounts and prices available upon request from Guess Inc, its shareholders, or the SEC.
The shares sold by Alberini were held indirectly by the Carlos and Andrea Alberini Trust, as indicated by the footnotes in the filing. Following these transactions, Alberini still indirectly owns a substantial number of shares in Guess Inc through various family trusts.
Guess Inc, with its headquarters in Los Angeles, California, is known for its range of apparel and accessories. The company's stock is publicly traded on the New York Stock Exchange under the ticker symbol GES.
Investors often monitor the buying and selling activities of company executives as an indicator of their confidence in the firm's future prospects. The recent sales by Alberini have been duly noted in the SEC filings, providing transparency to shareholders and the market.
For those interested in the specifics of the transactions, including the varying prices and amounts, Guess Inc or the SEC can provide further details upon request.
InvestingPro Insights
In light of the recent transactions by Guess Inc's CEO, Carlos Alberini, investors may be seeking additional context on the company's financial health and market performance. According to InvestingPro data, Guess Inc (NYSE:GES) has demonstrated resilience with a market capitalization of $1.58 billion. The company's P/E ratio, a metric that compares a company's share price to its earnings per share, stands at a competitive 8.01, indicating that the stock could be undervalued relative to near-term earnings growth. This is further supported by the adjusted P/E ratio for the last twelve months as of Q4 2024, which is 7.58.
InvestingPro Tips reveal that Guess Inc has a history of rewarding its shareholders, having raised its dividend for 4 consecutive years and maintained dividend payments for 18 consecutive years. This signals the company's commitment to returning value to investors and suggests a level of financial stability. Additionally, the company is not only expected to be profitable this year but has also been profitable over the last twelve months. For investors looking for more insights, there are 11 additional InvestingPro Tips available for Guess Inc, which can be found at Investing.com/pro/GES.
Moreover, Guess Inc's stock has experienced significant appreciation, with a one-year price total return of 70.38%, showcasing strong performance over the past year. This could be an attractive point for potential investors considering the company's stock. To gain access to all the InvestingPro Tips and make more informed investment decisions, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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