Credit Industriel ET Commercial Buys 7,315 Shares of Guess?, Inc. $GES

Credit Industriel ET Commercial raised its stake in shares of Guess?, Inc. (NYSE:GES) by 18.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 47,314 shares of the company’s stock after buying an additional 7,315 shares during the quarter. Credit Industriel ET Commercial owned about 0.09% of Guess? worth $572,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Pacific Ridge Capital Partners LLC acquired a new position in Guess? during the first quarter valued at approximately $515,000. Aigen Investment Management LP bought a new position in shares of Guess? during the first quarter worth $415,000. XTX Topco Ltd acquired a new position in shares of Guess? in the 1st quarter valued at $1,042,000. Allianz Asset Management GmbH raised its stake in Guess? by 38.4% during the 1st quarter. Allianz Asset Management GmbH now owns 644,308 shares of the company’s stock worth $7,132,000 after buying an additional 178,848 shares during the period. Finally, Algert Global LLC lifted its holdings in Guess? by 40.3% during the first quarter. Algert Global LLC now owns 126,123 shares of the company’s stock worth $1,396,000 after acquiring an additional 36,220 shares in the last quarter. 61.74% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on GES shares. Small Cap Consu cut Guess? from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 28th. Zacks Research upgraded shares of Guess? from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 14th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Guess? in a research report on Wednesday, October 8th. Telsey Advisory Group reissued a “market perform” rating and set a $16.75 target price on shares of Guess? in a report on Thursday, August 28th. Finally, UBS Group boosted their price target on Guess? from $13.00 to $16.75 and gave the company a “neutral” rating in a research note on Thursday, August 28th. One investment analyst has rated the stock with a Strong Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $16.75.

Guess? Trading Up 0.0%

GES opened at $16.96 on Friday. The company has a market cap of $884.24 million, a P/E ratio of 105.98 and a beta of 1.28. The company has a current ratio of 1.52, a quick ratio of 0.76 and a debt-to-equity ratio of 1.10. The company’s 50 day moving average is $16.84 and its 200-day moving average is $14.07. Guess?, Inc. has a 1-year low of $8.48 and a 1-year high of $18.07.

Guess? (NYSE:GES) last issued its quarterly earnings data on Wednesday, August 27th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.16 by $0.10. Guess? had a net margin of 1.01% and a return on equity of 16.44%. The business had revenue of $772.94 million during the quarter, compared to the consensus estimate of $758.72 million. During the same quarter in the prior year, the firm earned $0.42 EPS. The firm’s revenue was up 5.5% compared to the same quarter last year. Equities research analysts predict that Guess?, Inc. will post 1.92 earnings per share for the current fiscal year.

Guess? Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Wednesday, September 10th were given a $0.225 dividend. The ex-dividend date was Wednesday, September 10th. This represents a $0.90 annualized dividend and a yield of 5.3%. Guess?’s dividend payout ratio (DPR) is currently 562.50%.

Guess? Profile

Guess?, Inc designs, markets, distributes, and licenses lifestyle collections of apparel and accessories for men, women, and children. It operates through five segments: Americas Retail, Americas Wholesale, Europe, Asia, and Licensing. The company’s clothing collection includes jeans, pants, skirts, dresses, shorts, blouses, shirts, jackets, activewear, knitwear, and intimate apparel.