Victory Capital Management Inc. boosted its position in Guess Inc. (NYSE:GES) by 17.6% during the second quarter, Holdings Channel reports. The fund owned 15,417 shares of the company’s stock after buying an additional 2,307 shares during the period. Victory Capital Management Inc.’s holdings in Guess were worth $232,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently bought and sold shares of GES. Bank of Montreal Can bought a new position in Guess during the second quarter worth $161,000. Los Angeles Capital Management & Equity Research Inc. bought a new position in Guess during the first quarter worth $268,000. Credit Agricole S A increased its position in Guess by 50.7% in the first quarter. Credit Agricole S A now owns 15,398 shares of the company’s stock worth $289,000 after buying an additional 5,183 shares in the last quarter. Emerald Acquisition Ltd. bought a new position in Guess during the second quarter worth $242,000. Finally, Commonwealth Equity Services Inc bought a new position in Guess during the first quarter worth $336,000. Institutional investors and hedge funds own 77.63% of the company’s stock.
Shares of Guess Inc. (NYSE:GES) traded up 0.661% during trading on Tuesday, reaching $14.465. The company’s stock had a trading volume of 207,727 shares. The stock has a 50-day moving average of $15.45 and a 200-day moving average of $16.03. The stock has a market cap of $1.22 billion, a P/E ratio of 18.218 and a beta of 0.76. Guess Inc. has a 52-week low of $13.78 and a 52-week high of $23.45.
Guess (NYSE:GES) last released its earnings results on Wednesday, August 24th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.07. The company earned $545 million during the quarter, compared to analyst estimates of $551.53 million. Guess had a return on equity of 5.16% and a net margin of 3.10%. Guess’s quarterly revenue was down .2% on a year-over-year basis. During the same period in the prior year, the company posted $0.21 earnings per share. Analysts predict that Guess Inc. will post $0.65 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 23rd. Stockholders of record on Wednesday, September 7th were issued a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 6.26%. The ex-dividend date of this dividend was Friday, September 2nd. Guess’s dividend payout ratio is presently 112.50%.
A number of research analysts have weighed in on the company. B. Riley upgraded Guess from a “neutral” rating to a “buy” rating and set a $21.00 price target for the company in a research note on Thursday, August 25th. Piper Jaffray Cos. set a $12.00 price target on Guess and gave the company a “sell” rating in a research note on Sunday, August 21st. Jefferies Group raised their price target on 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 downgraded Guess from a “buy” rating to a “hold” rating in a research note on Thursday, September 8th. Finally, Telsey Advisory Group raised their price target on Guess from $16.00 to $17.00 and gave the company a “market perform” rating in a research note on Thursday, August 25th. Two equities 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 stock. The stock has an average rating of “Hold” and an average price target of $18.44.
In other news, CEO Amigo Victor Herrero acquired 2,177 shares of Guess stock in a transaction on Monday, September 26th. The stock was acquired at an average cost 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 in the company, valued at $4,977,033.61. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Anthony Chidoni sold 4,000 shares of the stock in a transaction on Friday, July 15th. The shares were sold at an average price of $15.54, for a total value of $62,160.00. Following the transaction, the director now directly owns 157,744 shares of the company’s stock, valued at $2,451,341.76. The disclosure for this sale can be found here. 28.80% of the stock is owned by 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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