Guess?, Inc. (GES) Shares Bought by GAM Holding AG
GAM Holding AG boosted its stake in shares of Guess?, Inc. (NYSE:GES) by 15.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 105,170 shares of the company’s stock after buying an additional 14,190 shares during the period. GAM Holding AG owned about 0.13% of Guess? worth $1,344,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of GES. FMR LLC increased its stake in Guess? by 1.2% in the first quarter. FMR LLC now owns 12,643,167 shares of the company’s stock valued at $140,971,000 after buying an additional 147,447 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Guess? by 11.3% in the first quarter. Dimensional Fund Advisors LP now owns 7,080,922 shares of the company’s stock valued at $78,952,000 after buying an additional 717,390 shares during the period. Vanguard Group Inc. increased its stake in shares of Guess? by 6.6% in the first quarter. Vanguard Group Inc. now owns 5,597,271 shares of the company’s stock valued at $62,410,000 after buying an additional 345,970 shares during the period. RidgeWorth Capital Management LLC increased its stake in shares of Guess? by 1.7% in the first quarter. RidgeWorth Capital Management LLC now owns 2,975,426 shares of the company’s stock valued at $33,843,000 after buying an additional 49,618 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Guess? by 59.5% in the second quarter. Bank of New York Mellon Corp now owns 2,755,938 shares of the company’s stock valued at $35,222,000 after buying an additional 1,028,389 shares during the period. Hedge funds and other institutional investors own 79.54% of the company’s stock.
Guess?, Inc. (GES) opened at 16.12 on Thursday. Guess?, Inc. has a 12-month low of $9.56 and a 12-month high of $18.40. The stock has a 50 day moving average price of $12.97 and a 200-day moving average price of $11.97. The stock has a market cap of $1.33 billion, a P/E ratio of 147.89 and a beta of 0.42.
Guess? (NYSE:GES) last posted its quarterly earnings results on Wednesday, August 23rd. The company reported $0.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.09. Guess? had a net margin of 0.43% and a return on equity of 4.16%. The firm had revenue of $573.69 million during the quarter, compared to analyst estimates of $559.82 million. During the same quarter in the prior year, the business posted $0.14 earnings per share. The company’s quarterly revenue was up 5.3% compared to the same quarter last year. On average, equities analysts expect that Guess?, Inc. will post $0.58 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Wednesday, September 6th will be given a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 5.58%. The ex-dividend date is Friday, September 1st. Guess?’s dividend payout ratio (DPR) is presently 818.18%.
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Several equities research analysts have weighed in on the company. Evercore ISI assumed coverage on Guess? in a report on Friday, August 25th. They set a “buy” rating on the stock. Jefferies Group LLC set a $11.00 price target on Guess? and gave the stock a “hold” rating in a report on Wednesday, August 16th. FBR & Co set a $16.00 price target on Guess? and gave the stock a “buy” rating in a report on Saturday, July 22nd. Cowen and Company set a $14.00 price target on Guess? and gave the stock a “hold” rating in a report on Thursday, August 24th. Finally, Zacks Investment Research upgraded Guess? from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a report on Friday, August 25th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $13.77.
In other Guess? news, CEO Amigo Victor Herrero purchased 3,274 shares of the company’s stock in a transaction that occurred on Monday, June 26th. The stock was purchased at an average price of $11.70 per share, with a total value of $38,305.80. Following the completion of the transaction, the chief executive officer now directly owns 392,848 shares of the company’s stock, valued at approximately $4,596,321.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 29.60% of the company’s stock.
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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