Guess Inc. (GES) Shares Up 2.3% Following Insider Buying Activity
Shares of Guess Inc. (NYSE:GES) shot up 2.3% during trading on Thursday following insider buying activity. The stock traded as high as $14.65 and last traded at $14.50, with a volume of 658,927 shares traded. The stock had previously closed at $14.18.
Specifically, Director Anthony Chidoni sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, July 15th. The stock was sold at an average price of $15.54, for a total transaction of $62,160.00. Following the sale, the director now directly owns 157,744 shares in the company, valued at $2,451,341.76. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Amigo Victor Herrero acquired 2,177 shares of the firm’s stock in a transaction on Monday, September 26th. The shares were bought at an average price of $14.87 per share, for a total transaction of $32,371.99. Following the completion of the transaction, the chief executive officer now owns 334,703 shares of the company’s stock, valued at $4,977,033.61. The disclosure for this purchase can be found here. Corporate insiders own 28.80% of the company’s stock.
GES has been the topic of a number of recent research reports. B. Riley restated a “buy” rating and set a $21.00 price objective on shares of Guess in a research report on Tuesday, August 30th. Zacks Investment Research downgraded Guess from a “buy” rating to a “hold” rating in a research report on Thursday, September 8th. Piper Jaffray Cos. restated a “hold” rating and set a $15.00 price objective on shares of Guess in a research report on Thursday, June 23rd. Jefferies Group upped their price objective on Guess from $16.00 to $17.00 and gave the company a “hold” rating in a research report on Thursday, August 25th. Finally, Telsey Advisory Group upped their price objective on Guess from $16.00 to $17.00 and gave the company a “market perform” rating in a research report 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 assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $18.44.
The stock’s 50 day moving average is $15.47 and its 200 day moving average is $16.13. The company has a market cap of $1.23 billion, a price-to-earnings ratio of 18.40 and a beta of 0.85.
Guess (NYSE:GES) last announced its earnings results on Wednesday, August 24th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. The firm’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.21 earnings per share. Equities analysts forecast that Guess Inc. will post $0.65 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 23rd. Stockholders of record on Wednesday, September 7th were given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 6.16%. The ex-dividend date of this dividend was Friday, September 2nd. Guess’s dividend payout ratio is currently 112.50%.
Several hedge funds have recently bought and sold shares of the company. Teacher Retirement System of Texas raised its stake in Guess by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 8,989 shares of the company’s stock worth $135,000 after buying an additional 1,089 shares in the last quarter. Sei Investments Co. raised its stake in Guess by 0.6% in the second quarter. Sei Investments Co. now owns 9,587 shares of the company’s stock worth $144,000 after buying an additional 60 shares in the last quarter. Bank of Montreal Can bought a new stake in Guess during the second quarter worth $161,000. Northwestern Mutual Investment Management Company LLC raised its stake in Guess by 0.7% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 11,062 shares of the company’s stock worth $166,000 after buying an additional 78 shares in the last quarter. Finally, Clinton Group Inc. bought a new stake in Guess during the second quarter worth $188,000. 77.63% of the stock is currently owned by institutional investors and hedge funds.
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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