Public Employees Retirement System of Ohio bought a new position in shares of Guess?, Inc. (NYSE:GES) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 25,316 shares of the company’s stock, valued at approximately $324,000.
Several other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Guess? by 6.6% during the first quarter. Vanguard Group Inc. now owns 5,597,271 shares of the company’s stock worth $62,410,000 after purchasing an additional 345,970 shares during the last quarter. State Street Corp grew its holdings in shares of Guess? by 2.0% during the second quarter. State Street Corp now owns 3,839,229 shares of the company’s stock worth $49,066,000 after purchasing an additional 75,571 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Guess? by 59.5% during the second quarter. Bank of New York Mellon Corp now owns 2,755,938 shares of the company’s stock worth $35,222,000 after purchasing an additional 1,028,389 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of Guess? by 15.3% during the second quarter. Wells Fargo & Company MN now owns 1,820,710 shares of the company’s stock worth $23,268,000 after purchasing an additional 241,295 shares during the last quarter. Finally, Contrarius Investment Management Ltd grew its holdings in shares of Guess? by 56.1% during the second quarter. Contrarius Investment Management Ltd now owns 1,016,303 shares of the company’s stock worth $12,988,000 after purchasing an additional 365,342 shares during the last quarter. Institutional investors own 79.37% of the company’s stock.
Several equities analysts have recently issued reports on GES shares. Standpoint Research lowered Guess? from a “buy” rating to a “hold” rating and set a $13.91 price target on the stock. in a research note on Wednesday, August 9th. Zacks Investment Research lowered Guess? from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. B. Riley reaffirmed a “buy” rating on shares of Guess? in a research note on Wednesday, November 1st. Telsey Advisory Group upped their price target on Guess? from $12.00 to $15.00 and gave the company a “market perform” rating in a research note on Thursday, August 24th. Finally, Cowen and Company set a $11.00 price target on Guess? and gave the company a “hold” rating in a research note on Friday, July 28th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $13.77.
Guess?, Inc. (NYSE:GES) opened at $16.24 on Wednesday. Guess?, Inc. has a one year low of $9.56 and a one year high of $17.54. The company has a quick ratio of 1.62, a current ratio of 2.78 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $1,350.59, a PE ratio of 34.51, a price-to-earnings-growth ratio of 1.63 and a beta of 0.41.
Guess? (NYSE:GES) last released its earnings results on Wednesday, August 23rd. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.09. Guess? had a return on equity of 4.14% and a net margin of 0.43%. The firm had revenue of $573.69 million for the quarter, compared to analyst estimates of $559.82 million. During the same quarter in the prior year, the firm posted $0.14 earnings per share. The company’s quarterly revenue was up 5.3% on a year-over-year basis. equities research analysts expect that Guess?, Inc. will post 0.57 EPS for the current fiscal year.
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In other Guess? news, Director Kay Isaacson-Leibowitz sold 6,000 shares of the stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $16.03, for a total value of $96,180.00. Following the transaction, the director now owns 42,433 shares of the company’s stock, valued at $680,200.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 29.60% of the company’s stock.
Guess?, Inc designs, markets, distributes and licenses a lifestyle collections of apparel and accessories for men, women and children. The Company operates through five segments: Americas Retail, Europe, Asia, Americas Wholesale and Licensing. The Americas Retail segment includes the Company’s retail and e-commerce operations in North and Central America and its retail operations in South America.
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