Virginia Retirement Systems ET AL cut its holdings in shares of Guess?, Inc. (NYSE:GES) by 68.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,300 shares of the company’s stock after selling 29,000 shares during the period. Virginia Retirement Systems ET AL’s holdings in Guess? were worth $170,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. FNY Managed Accounts LLC acquired a new stake in Guess? during the 1st quarter worth approximately $100,000. FNY Partners Fund LP boosted its position in Guess? by 66.7% during the 1st quarter. FNY Partners Fund LP now owns 10,400 shares of the company’s stock worth $115,000 after buying an additional 4,160 shares during the period. Bank of The West acquired a new stake in Guess? during the 2nd quarter worth approximately $140,000. State of Alaska Department of Revenue boosted its position in Guess? by 77.4% during the 2nd quarter. State of Alaska Department of Revenue now owns 12,064 shares of the company’s stock worth $154,000 after buying an additional 5,264 shares during the period. Finally, Mason Street Advisors LLC boosted its position in Guess? by 7.0% during the 1st quarter. Mason Street Advisors LLC now owns 14,400 shares of the company’s stock worth $161,000 after buying an additional 943 shares during the period. Institutional investors and hedge funds own 79.51% of the company’s stock.
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Several research firms recently commented on GES. Evercore ISI began coverage on shares of Guess? in a research report on Friday, August 25th. They set a “buy” rating on the stock. Zacks Investment Research upgraded shares of Guess? from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research report on Friday, August 25th. Standpoint Research downgraded shares of Guess? from a “buy” rating to a “hold” rating and set a $13.91 target price on the stock. in a research report on Wednesday, August 9th. BidaskClub upgraded shares of Guess? from a “hold” rating to a “buy” rating in a research report on Saturday, August 5th. Finally, Jefferies Group LLC set a $11.00 target price on shares of Guess? and gave the stock a “hold” rating in a research report on Wednesday, August 16th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $13.77.
In other news, Director Kay Isaacson-Leibowitz sold 6,000 shares of the stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $16.03, for a total transaction of $96,180.00. Following the completion of the sale, the director now owns 42,433 shares of the company’s stock, valued at $680,200.99. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Amigo Victor Herrero acquired 3,274 shares of the company’s stock in a transaction dated Monday, June 26th. The shares were bought at an average cost of $11.70 per share, with a total value of $38,305.80. Following the purchase, the chief executive officer now owns 392,848 shares of the company’s stock, valued at approximately $4,596,321.60. The disclosure for this purchase can be found here. Corporate insiders own 29.60% of the company’s stock.
Guess?, Inc. (GES) opened at 15.75 on Wednesday. Guess?, Inc. has a 12-month low of $9.56 and a 12-month high of $16.55. The firm’s 50-day moving average is $14.01 and its 200 day moving average is $12.16. The company has a market cap of $1.30 billion, a price-to-earnings ratio of 144.50 and a beta of 0.41.
Guess? (NYSE:GES) last released its quarterly earnings data on Wednesday, August 23rd. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.09. The firm had revenue of $573.69 million during the quarter, compared to analyst estimates of $559.82 million. Guess? had a return on equity of 4.14% and a net margin of 0.43%. The business’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.14 earnings per share. On average, equities analysts expect that Guess?, Inc. will post $0.58 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Wednesday, September 6th will be paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.71%. The ex-dividend date is Friday, September 1st. Guess?’s dividend payout ratio (DPR) is presently 818.18%.
Guess?, Inc designs, markets, distributes and licenses a lifestyle collections of apparel and accessories for men, women and children. The Company operates through five segments: Americas Retail, Europe, Asia, Americas Wholesale and Licensing. The Americas Retail segment includes the Company’s retail and e-commerce operations in North and Central America and its retail operations in South America.
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