Louisiana State Employees Retirement System acquired a new position in shares of Guess’, Inc. (NYSE:GES – Get 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:GES – Get 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%.
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.
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