Guess Inc. (GES) CEO Amigo Victor Herrero Purchases 2,177 Shares of Stock
Guess Inc. (NYSE:GES) CEO Amigo Victor Herrero bought 2,177 shares of the stock in a transaction on Monday, September 26th. The shares were acquired at an average cost of $14.87 per share, for a total transaction of $32,371.99. Following the purchase, 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 SEC, which is available through this hyperlink.
Guess Inc. (NYSE:GES) opened at 14.18 on Thursday. The stock’s 50 day moving average price is $15.47 and its 200-day moving average price is $16.20. Guess Inc. has a one year low of $13.78 and a one year high of $23.45. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of 17.86 and a beta of 0.85.
Guess (NYSE:GES) last released its quarterly earnings results on Wednesday, August 24th. The company reported $0.14 EPS for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.07. The company had revenue of $545 million for 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 revenue was down .2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.21 earnings per share. On average, equities research analysts expect that Guess Inc. will post $0.65 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 23rd. Investors of record on Wednesday, September 7th were given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 6.35%. The ex-dividend date was Friday, September 2nd. Guess’s dividend payout ratio is presently 112.50%.
A number of large investors have recently made changes to their positions in the stock. Norges Bank purchased a new stake in shares of Guess during the fourth quarter worth about $12,737,000. OLD National Bancorp IN raised its stake in shares of Guess by 3.8% in the first quarter. OLD National Bancorp IN now owns 20,566 shares of the company’s stock worth $386,000 after buying an additional 762 shares in the last quarter. Commonwealth Equity Services Inc purchased a new stake in shares of Guess during the first quarter worth about $336,000. Virginia Retirement System purchased a new stake in shares of Guess during the first quarter worth about $458,000. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of Guess during the first quarter worth about $268,000. 77.63% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have weighed in on GES shares. B. Riley reaffirmed a “neutral” rating and set a $16.00 target price on shares of Guess in a research note on Sunday, June 5th. Piper Jaffray Cos. reissued a “hold” rating and issued a $15.00 price target on shares of Guess in a research note on Thursday, June 23rd. Mizuho reissued a “neutral” rating and issued a $17.00 price target on shares of Guess in a research note on Tuesday, July 12th. Zacks Investment Research raised Guess from a “sell” rating to a “hold” rating and set a $20.00 price target for the company in a research note on Wednesday, August 24th. Finally, Telsey Advisory Group boosted 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 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 stock. The stock presently has a consensus rating of “Hold” and an average price target of $18.44.
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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