Tower Research Capital LLC TRC Acquires New Stake in Guess?, Inc. (NYSE:GES)

Share on StockTwits

Tower Research Capital LLC TRC acquired a new stake in Guess?, Inc. (NYSE:GES) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 10,187 shares of the company’s stock, valued at approximately $69,000.

A number of other institutional investors have also recently bought and sold shares of GES. Swiss National Bank lifted its stake in Guess? by 1.9% in the fourth quarter. Swiss National Bank now owns 96,000 shares of the company’s stock valued at $2,148,000 after purchasing an additional 1,800 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Guess? by 18.2% in the fourth quarter. Victory Capital Management Inc. now owns 5,948 shares of the company’s stock valued at $133,000 after purchasing an additional 915 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Guess? by 25.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,980 shares of the company’s stock valued at $66,000 after purchasing an additional 612 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Guess? by 1.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 764,507 shares of the company’s stock valued at $17,110,000 after purchasing an additional 11,805 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new position in Guess? in the fourth quarter valued at approximately $37,000. Institutional investors and hedge funds own 67.78% of the company’s stock.

Several equities research analysts have issued reports on the company. ValuEngine upgraded Guess? from a “hold” rating to a “buy” rating in a research report on Thursday, June 11th. B. Riley dropped their target price on Guess? from $17.00 to $15.00 in a research report on Wednesday, June 17th. Jefferies Financial Group dropped their target price on Guess? from $27.00 to $21.00 and set a “buy” rating on the stock in a research report on Monday, March 9th. TheStreet downgraded Guess? from a “c” rating to a “d” rating in a research report on Wednesday, June 10th. Finally, Cowen downgraded Guess? from an “outperform” rating to a “market perform” rating and set a $8.00 target price on the stock. in a research report on Tuesday, March 24th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $16.00.

Guess? stock opened at $9.65 on Wednesday. The stock has a market cap of $652.37 million, a P/E ratio of 964.99 and a beta of 1.66. Guess?, Inc. has a fifty-two week low of $3.64 and a fifty-two week high of $23.58. The firm’s fifty day moving average price is $9.56 and its 200-day moving average price is $14.17. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.99 and a current ratio of 1.54.

Guess? (NYSE:GES) last released its quarterly earnings results on Wednesday, June 10th. The company reported ($1.81) earnings per share for the quarter, missing the consensus estimate of ($0.88) by ($0.93). The firm had revenue of $260.25 million during the quarter, compared to the consensus estimate of $318.13 million. Guess? had a positive return on equity of 1.00% and a negative net margin of 1.68%. During the same period in the previous year, the company posted ($0.25) EPS. Sell-side analysts predict that Guess?, Inc. will post -0.7 earnings per share for the current year.

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, knitwear, and intimate apparel.

Featured Story: Fundamental Analysis – How It Helps Investors

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).

Institutional Ownership by Quarter for Guess? (NYSE:GES)

Receive News & Ratings for Guess? Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Guess? and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Legal & General Group Plc Buys 742 Shares of PDF Solutions, Inc.
Legal & General Group Plc Buys 742 Shares of PDF Solutions, Inc.
Invesco Ltd. Buys 10,632 Shares of Monro Inc
Invesco Ltd. Buys 10,632 Shares of Monro Inc
Invesco Ltd. Has $18.12 Million Stock Holdings in The GEO Group Inc
Invesco Ltd. Has $18.12 Million Stock Holdings in The GEO Group Inc
Invesco Ltd. Has $17.91 Million Stake in Heartland Express, Inc.
Invesco Ltd. Has $17.91 Million Stake in Heartland Express, Inc.
Simpson Manufacturing Co, Inc.  Stock Position Decreased by Invesco Ltd.
Simpson Manufacturing Co, Inc. Stock Position Decreased by Invesco Ltd.
SINA Corp  Shares Acquired by Invesco Ltd.
SINA Corp Shares Acquired by Invesco Ltd.


© 2006-2020 Ticker Report