Bank of America Corp DE Increases Position in Guess?, Inc. (NYSE:GES)
Bank of America Corp DE raised its position in shares of Guess?, Inc. (NYSE:GES) by 33.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 731,344 shares of the company’s stock after buying an additional 181,731 shares during the period. Bank of America Corp DE owned 0.88% of Guess? worth $8,154,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Commerzbank Aktiengesellschaft FI purchased a new stake in Guess? during the first quarter worth approximately $472,000. OLD National Bancorp IN boosted its stake in Guess? by 3.3% in the first quarter. OLD National Bancorp IN now owns 22,306 shares of the company’s stock worth $249,000 after buying an additional 718 shares during the last quarter. Great West Life Assurance Co. Can boosted its stake in Guess? by 9.6% in the first quarter. Great West Life Assurance Co. Can now owns 88,285 shares of the company’s stock worth $983,000 after buying an additional 7,723 shares during the last quarter. Wells Fargo & Company MN boosted its stake in Guess? by 22.2% in the first quarter. Wells Fargo & Company MN now owns 1,579,415 shares of the company’s stock worth $17,610,000 after buying an additional 286,655 shares during the last quarter. Finally, Sigma Planning Corp boosted its stake in Guess? by 3.7% in the first quarter. Sigma Planning Corp now owns 18,900 shares of the company’s stock worth $211,000 after buying an additional 675 shares during the last quarter. Hedge funds and other institutional investors own 80.34% of the company’s stock.
Guess?, Inc. (NYSE GES) traded up 0.95% during mid-day trading on Friday, reaching $12.80. 1,231,557 shares of the company traded hands. The stock’s 50 day moving average price is $12.86 and its 200 day moving average price is $11.94. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 41.03 and a beta of 0.42. Guess?, Inc. has a 52 week low of $9.56 and a 52 week high of $18.68.
Guess? (NYSE:GES) last announced its quarterly earnings data on Wednesday, May 24th. The company reported ($0.24) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.32) by $0.08. The company had revenue of $458.60 million during the quarter, compared to the consensus estimate of $449.22 million. Guess? had a net margin of 1.20% and a return on equity of 3.67%. Guess?’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.23) EPS. Equities analysts forecast that Guess?, Inc. will post $0.40 EPS for the current year.
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A number of research analysts have issued reports on the stock. BidaskClub cut shares of Guess? from a “buy” rating to a “hold” rating in a report on Wednesday. Jefferies Group LLC set a $11.00 price target on shares of Guess? and gave the stock a “hold” rating in a report on Wednesday. Standpoint Research cut shares of Guess? from a “buy” rating to a “hold” rating and set a $13.91 price target for the company. in a report on Wednesday, August 9th. Zacks Investment Research cut shares of Guess? from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, Cowen and Company set a $11.00 price target on shares of Guess? and gave the stock a “hold” rating in a report on Friday, July 28th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $12.89.
In other news, CEO Amigo Victor Herrero acquired 3,274 shares of the business’s stock in a transaction on Monday, June 26th. The stock was bought at an average price of $11.70 per share, for a total transaction of $38,305.80. Following the transaction, the chief executive officer now owns 392,848 shares in the company, valued at $4,596,321.60. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 29.60% of the stock is currently owned by corporate insiders.
Guess? Company Profile
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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