Guess?, Inc. (GES) Stake Raised by BNP Paribas Arbitrage SA
BNP Paribas Arbitrage SA raised its holdings in Guess?, Inc. (NYSE:GES) by 23.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 35,908 shares of the company’s stock after buying an additional 6,810 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Guess? were worth $459,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of the company. Legal & General Group Plc grew its position in shares of Guess? by 1.4% in the 2nd quarter. Legal & General Group Plc now owns 183,896 shares of the company’s stock worth $2,350,000 after buying an additional 2,514 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Guess? by 59.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,755,938 shares of the company’s stock worth $35,222,000 after buying an additional 1,028,389 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Guess? in the 2nd quarter worth approximately $1,065,000. Sigma Planning Corp grew its position in shares of Guess? by 1.0% in the 2nd quarter. Sigma Planning Corp now owns 19,096 shares of the company’s stock worth $244,000 after buying an additional 196 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its position in shares of Guess? by 192.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 993,471 shares of the company’s stock worth $12,697,000 after buying an additional 653,957 shares during the last quarter. Hedge funds and other institutional investors own 79.51% of the company’s stock.
A number of brokerages have recently weighed in on GES. Evercore ISI assumed coverage on Guess? in a research report on Friday, August 25th. They issued a “buy” rating on the stock. Zacks Investment Research upgraded Guess? from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research note on Friday, August 25th. Standpoint Research cut Guess? from a “buy” rating to a “hold” rating and set a $13.91 target price for the company. in a research note on Wednesday, August 9th. BidaskClub upgraded Guess? from a “hold” rating to a “buy” rating in a research note on Saturday, August 5th. Finally, Jefferies Group LLC set a $11.00 target price on Guess? and gave the company a “hold” rating in a research note on Wednesday, August 16th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. Guess? presently has a consensus rating of “Hold” and a consensus price target of $13.77.
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Guess?, Inc. (NYSE GES) opened at 15.64 on Friday. The stock has a market cap of $1.30 billion, a PE ratio of 144.81 and a beta of 0.41. Guess?, Inc. has a 52 week low of $9.56 and a 52 week high of $16.55. The firm’s 50-day moving average price is $14.38 and its 200-day moving average price is $12.25.
Guess? (NYSE:GES) last announced its quarterly earnings data on Wednesday, August 23rd. The company reported $0.19 earnings per share (EPS) for the quarter, topping 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 company had revenue of $573.69 million for the quarter, compared to analysts’ expectations of $559.82 million. During the same quarter in the prior year, the firm earned $0.14 earnings per share. Guess?’s revenue was up 5.3% compared to the same quarter last year. Equities analysts predict that Guess?, Inc. will post $0.58 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Wednesday, September 6th will be paid a $0.225 dividend. The ex-dividend date is Friday, September 1st. This represents a $0.90 annualized dividend and a yield of 5.75%. Guess?’s dividend payout ratio (DPR) is currently 818.18%.
In other news, CEO Amigo Victor Herrero acquired 3,274 shares of the company’s stock in a transaction that occurred on Monday, June 26th. The shares were bought at an average price of $11.70 per share, with a total value of $38,305.80. Following the completion of the purchase, the chief executive officer now directly owns 392,848 shares in the company, valued at $4,596,321.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kay Isaacson-Leibowitz sold 6,000 shares of the stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $16.03, for a total value of $96,180.00. Following the completion of the transaction, the director now directly owns 42,433 shares in the company, valued at approximately $680,200.99. The disclosure for this sale can be found here. 29.60% of the stock is owned by corporate insiders.
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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