Smith Graham & Co. Investment Advisors LP reduced its stake in shares of Guess Inc. (NYSE:GES) by 0.6% during the second quarter, Holdings Channel reports. The firm owned 211,274 shares of the company’s stock after selling 1,360 shares during the period. Smith Graham & Co. Investment Advisors LP’s holdings in Guess were worth $3,180,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. BlackRock Institutional Trust Company N.A. increased its stake in shares of Guess by 1.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,832,249 shares of the company’s stock valued at $34,391,000 after buying an additional 28,100 shares during the period. Renaissance Technologies LLC raised its position in Guess by 744.4% in the first quarter. Renaissance Technologies LLC now owns 1,428,700 shares of the company’s stock valued at $26,817,000 after buying an additional 1,259,500 shares in the last quarter. Norges Bank bought a new position in Guess during the fourth quarter valued at $12,737,000. Canada Pension Plan Investment Board raised its position in Guess by 778.8% in the first quarter. Canada Pension Plan Investment Board now owns 290,000 shares of the company’s stock valued at $5,443,000 after buying an additional 257,000 shares in the last quarter. Finally, UBS Group AG raised its position in Guess by 46.5% in the first quarter. UBS Group AG now owns 263,320 shares of the company’s stock valued at $4,942,000 after buying an additional 83,636 shares in the last quarter. Institutional investors and hedge funds own 77.63% of the company’s stock.
Shares of Guess Inc. (NYSE:GES) traded up 1.74% during mid-day trading on Friday, reaching $14.61. 758,778 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $15.47 and its 200-day moving average is $16.13. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 18.40 and a beta of 0.85. Guess Inc. has a 52-week low of $13.78 and a 52-week high of $23.45.
Guess (NYSE:GES) last announced its quarterly earnings results on Wednesday, August 24th. The company reported $0.14 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.07. Guess had a net margin of 3.10% and a return on equity of 5.16%. The firm had revenue of $545 million for the quarter, compared to analyst estimates of $551.53 million. During the same quarter in the previous year, the firm posted $0.21 earnings per share. The business’s revenue was down .2% on a year-over-year basis. On average, equities analysts expect that Guess Inc. will post $0.65 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 23rd. Shareholders of record on Wednesday, September 7th were paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 6.16%. The ex-dividend date of this dividend was Friday, September 2nd. Guess’s payout ratio is currently 112.50%.
Several research firms have weighed in on GES. B. Riley reiterated a “neutral” rating and issued a $16.00 price objective on shares of Guess in a research note on Sunday, June 5th. Piper Jaffray Cos. set a $12.00 price objective on shares of Guess and gave the company a “sell” rating in a research note on Sunday, August 21st. Jefferies Group upped their price objective on shares of Guess from $16.00 to $17.00 and gave the company a “hold” rating in a research note on Thursday, August 25th. Zacks Investment Research lowered shares of Guess from a “buy” rating to a “hold” rating in a research note on Thursday, September 8th. Finally, Telsey Advisory Group upped their price objective on shares of Guess from $16.00 to $17.00 and gave the company a “market perform” rating in a research note on Thursday, August 25th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company. Guess currently has a consensus rating of “Hold” and an average price target of $18.44.
In related news, CEO Amigo Victor Herrero purchased 2,177 shares of the business’s stock in a transaction on Monday, September 26th. The shares were purchased at an average price of $14.87 per share, with a total value of $32,371.99. Following the completion of the purchase, the chief executive officer now owns 334,703 shares in the company, valued at approximately $4,977,033.61. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Anthony Chidoni sold 4,000 shares of the business’s stock in a transaction on Friday, July 15th. The stock was sold at an average price of $15.54, for a total transaction of $62,160.00. Following the completion of the sale, the director now directly owns 157,744 shares in the company, valued at approximately $2,451,341.76. The disclosure for this sale can be found here. 28.80% of the stock is currently owned by company insiders.
Guess Company Profile
Guess?, Inc designs, markets, distributes and licenses a lifestyle collection of apparel and accessories for men, women and children. The Company operates through five segments: Americas Retail, which includes its retail and e-commerce operations in North and Central America and its retail operations in South America; Europe, which includes its wholesale, retail and e-commerce operations in Europe and the Middle East; Asia, which includes its retail, e-commerce and wholesale operations in Asia; Americas Wholesale, which includes its wholesale operations in the Americas, and Licensing, which includes licensing operations of the Company across the world.
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