Northwestern Mutual Investment Management Company LLC increased its position in Guess Inc. (NYSE:GES) by 0.7% during the second quarter, Holdings Channel reports. The institutional investor owned 11,062 shares of the company’s stock after buying an additional 78 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in Guess were worth $166,000 as of its most recent SEC filing.
Several other hedge funds also recently added to or reduced their stakes in GES. Renaissance Technologies LLC boosted its stake in shares of 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. State Street Corp boosted its stake in Guess by 21.6% in the second quarter. State Street Corp now owns 5,470,291 shares of the company’s stock valued at $82,330,000 after buying an additional 973,006 shares during the period. Dimensional Fund Advisors LP boosted its stake in Guess by 12.8% in the second quarter. Dimensional Fund Advisors LP now owns 6,175,584 shares of the company’s stock valued at $92,941,000 after buying an additional 698,604 shares during the period. BlackRock Fund Advisors boosted its stake in Guess by 5.7% in the second quarter. BlackRock Fund Advisors now owns 6,540,717 shares of the company’s stock valued at $98,438,000 after buying an additional 355,028 shares during the period. Finally, Credit Suisse AG boosted its stake in Guess by 100.7% in the second quarter. Credit Suisse AG now owns 532,658 shares of the company’s stock valued at $8,017,000 after buying an additional 267,304 shares during the period. 77.63% of the stock is owned by institutional investors and hedge funds.
Shares of Guess Inc. (NYSE:GES) opened at 14.61 on Monday. The stock has a 50 day moving average of $15.47 and a 200-day moving average of $16.13. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of 18.40 and a beta of 0.76. Guess Inc. has a one year low of $13.78 and a one year high of $23.45.
Guess (NYSE:GES) last issued its quarterly earnings results on Wednesday, August 24th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.07. The business earned $545 million during the quarter, compared to the consensus estimate of $551.53 million. Guess had a net margin of 3.10% and a return on equity of 5.16%. The company’s quarterly revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.21 earnings per share. On average, equities analysts anticipate that Guess Inc. will post $0.65 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 23rd. Stockholders of record on Wednesday, September 7th were issued a dividend of $0.225 per share. The ex-dividend date of this dividend was Friday, September 2nd. This represents a $0.90 dividend on an annualized basis and a dividend yield of 6.16%. Guess’s dividend payout ratio (DPR) is presently 112.50%.
Several analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Guess from a “buy” rating to a “hold” rating in a research note on Thursday, September 8th. B. Riley reissued a “buy” rating and issued a $21.00 price target on shares of Guess in a research note on Tuesday, August 30th. Jefferies Group increased their price target 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. Telsey Advisory Group increased their price target 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. Finally, Piper Jaffray Cos. set a $12.00 price target on shares of Guess and gave the company a “sell” rating in a research note on Sunday, August 21st. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $18.44.
In other news, Director Anthony Chidoni sold 4,000 shares of Guess stock in a transaction dated Friday, July 15th. The shares were 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 $2,451,341.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Amigo Victor Herrero purchased 2,177 shares of the stock in a transaction dated 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 acquisition, the chief executive officer now owns 334,703 shares of the company’s stock, valued at $4,977,033.61. The disclosure for this purchase can be found here. Insiders own 28.80% of the company’s stock.
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.
Want to see what other hedge funds are holding GES? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Guess Inc. (NYSE:GES).
Receive News & Ratings for Guess Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Guess Inc. and related companies with MarketBeat.com's FREE daily email newsletter.