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Louisiana State Employees Retirement System Makes New Investment in Guess’, Inc. (NYSE:GES)

Louisiana State Employees Retirement System acquired a new position in shares of Guess’, Inc. (NYSE:GESGet Rating) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 15,900 shares of the company’s stock, valued at approximately $233,000.

Several other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Guess’ by 4.2% during the first quarter. Vanguard Group Inc. now owns 4,555,857 shares of the company’s stock worth $99,546,000 after purchasing an additional 184,983 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Guess’ by 1.3% during the first quarter. Dimensional Fund Advisors LP now owns 3,970,545 shares of the company’s stock worth $86,760,000 after buying an additional 50,371 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Guess’ by 3.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 589,343 shares of the company’s stock worth $12,878,000 after buying an additional 19,787 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Guess’ by 55.2% during the second quarter. Victory Capital Management Inc. now owns 490,837 shares of the company’s stock worth $8,369,000 after buying an additional 174,477 shares during the last quarter. Finally, Brandywine Global Investment Management LLC grew its holdings in shares of Guess’ by 207.6% during the second quarter. Brandywine Global Investment Management LLC now owns 150,011 shares of the company’s stock worth $2,558,000 after buying an additional 101,239 shares during the last quarter. Hedge funds and other institutional investors own 58.81% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on GES shares. TheStreet lowered Guess’ from a “b-” rating to a “c” rating in a report on Tuesday, November 22nd. StockNews.com started coverage on Guess’ in a report on Wednesday, October 12th. They issued a “hold” rating on the stock.

Guess’ Trading Up 1.2 %

NYSE:GES opened at $22.53 on Friday. The stock has a fifty day moving average price of $20.23 and a two-hundred day moving average price of $18.36. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of 12.18 and a beta of 1.88. The company has a debt-to-equity ratio of 2.15, a quick ratio of 0.79 and a current ratio of 1.57. Guess’, Inc. has a 1 year low of $14.27 and a 1 year high of $24.66.

Guess’ (NYSE:GESGet Rating) last released its quarterly earnings data on Tuesday, November 22nd. The company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.11). The business had revenue of $633.40 million during the quarter, compared to analysts’ expectations of $614.00 million. Guess’ had a return on equity of 27.89% and a net margin of 4.58%. The company’s revenue was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 EPS. As a group, sell-side analysts anticipate that Guess’, Inc. will post 2.35 earnings per share for the current fiscal year.

Guess’ Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 23rd. Shareholders of record on Wednesday, December 7th were given a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 3.99%. The ex-dividend date of this dividend was Tuesday, December 6th. Guess”s payout ratio is 48.65%.

About Guess’

(Get Rating)

Guess?, Inc designs, markets, distributes, and licenses lifestyle collections of apparel and accessories for men, women, and children. It operates through five segments: Americas Retail, Americas Wholesale, Europe, Asia, and Licensing. The company’s clothing collection includes jeans, pants, skirts, dresses, shorts, blouses, shirts, jackets, activewear, knitwear, and intimate apparel.

See Also

Institutional Ownership by Quarter for Guess' (NYSE:GES)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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