Mason Street Advisors LLC acquired a new position in Guess Inc. (NYSE:GES) during the second quarter, Holdings Channel reports. The institutional investor acquired 29,223 shares of the company’s stock, valued at approximately $440,000.
A number of other hedge funds have also recently added to or reduced their stakes in GES. Commonwealth Equity Services Inc purchased a new stake in Guess during the first quarter worth about $336,000. Virginia Retirement System purchased a new stake in Guess during the first quarter worth about $458,000. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in Guess during the first quarter worth about $268,000. BlackRock Group LTD increased its stake in Guess by 1.9% in the first quarter. BlackRock Group LTD now owns 116,516 shares of the company’s stock worth $2,187,000 after buying an additional 2,175 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its stake in 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 worth $34,391,000 after buying an additional 28,100 shares during the last quarter. 77.63% of the stock is currently owned by institutional investors and hedge funds.
Shares of Guess Inc. (NYSE:GES) opened at 14.62 on Thursday. The firm has a 50 day moving average price of $15.41 and a 200 day moving average price of $15.98. Guess Inc. has a one year low of $13.78 and a one year high of $23.45. The stock has a market capitalization of $1.23 billion, a PE ratio of 18.41 and a beta of 0.76.
Guess (NYSE:GES) last posted its quarterly earnings results on Wednesday, August 24th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.07 by $0.07. Guess had a return on equity of 5.16% and a net margin of 3.10%. The firm earned $545 million during the quarter, compared to analysts’ expectations of $551.53 million. During the same quarter last year, the firm earned $0.21 earnings per share. The business’s revenue for the quarter was down .2% on a year-over-year basis. Analysts predict that Guess Inc. will post $0.65 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 23rd. Investors of record on Wednesday, September 7th were issued a $0.225 dividend. The ex-dividend date was Friday, September 2nd. This represents a $0.90 annualized dividend and a dividend yield of 6.16%. Guess’s dividend payout ratio is presently 112.50%.
A number of analysts have issued reports on GES shares. Piper Jaffray Cos. reaffirmed a “hold” rating and issued a $15.00 price objective on shares of Guess in a research note on Thursday, June 23rd. Mizuho reaffirmed a “neutral” rating and issued a $17.00 price objective on shares of Guess in a research note on Tuesday, July 12th. Zacks Investment Research upgraded Guess from a “sell” rating to a “hold” rating and set a $20.00 target price for the company in a report on Wednesday, August 24th. B. Riley upgraded Guess from a “neutral” rating to a “buy” rating and set a $21.00 target price for the company in a report on Thursday, August 25th. Finally, Telsey Advisory Group lifted their target price on Guess from $16.00 to $17.00 and gave the stock a “market perform” rating in a report on Thursday, August 25th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the stock. Guess has a consensus rating of “Hold” and a consensus target price of $18.07.
In related news, Director Anthony Chidoni sold 4,000 shares of the stock in a transaction that occurred on Friday, July 15th. The stock was sold at an average price of $15.54, for a total value of $62,160.00. Following the completion of the sale, the director now owns 157,744 shares of the company’s stock, valued at $2,451,341.76. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Amigo Victor Herrero purchased 2,177 shares of the business’s stock in a transaction that occurred on Monday, September 26th. The stock was bought at an average cost of $14.87 per share, with a total value of $32,371.99. Following the acquisition, the chief executive officer now owns 334,703 shares of the company’s stock, valued at approximately $4,977,033.61. The disclosure for this purchase can be found here. 28.80% of the stock is owned by corporate insiders.
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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