Crossmark Global Holdings Inc. bought a new stake in Guess?, Inc. (NYSE:GES) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 25,272 shares of the company’s stock, valued at approximately $430,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its holdings in shares of Guess? by 59.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,755,938 shares of the company’s stock valued at $35,222,000 after purchasing an additional 1,028,389 shares during the last quarter. Divisar Capital Management LLC boosted its position in Guess? by 843.7% during the 2nd quarter. Divisar Capital Management LLC now owns 943,671 shares of the company’s stock worth $12,060,000 after buying an additional 843,671 shares during the period. Schwab Charles Investment Management Inc. boosted its position in Guess? by 192.6% during 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 period. Contrarius Investment Management Ltd boosted its position in Guess? by 56.1% during the 2nd quarter. Contrarius Investment Management Ltd now owns 1,016,303 shares of the company’s stock worth $12,988,000 after buying an additional 365,342 shares during the period. Finally, Vanguard Group Inc. boosted its position in Guess? by 6.6% during the 1st quarter. Vanguard Group Inc. now owns 5,597,271 shares of the company’s stock worth $62,410,000 after buying an additional 345,970 shares during the period. 81.45% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages have recently issued reports on GES. Evercore ISI began coverage on shares of Guess? in a research report on Friday, August 25th. They issued a “buy” rating on the stock. Jefferies Group set a $11.00 price target on shares of Guess? and gave the stock a “hold” rating in a research report on Wednesday, August 16th. Cowen set a $14.00 price target on shares of Guess? and gave the stock a “hold” rating in a research report on Thursday, August 24th. FBR & Co boosted their target price on shares of Guess? from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Monday, August 21st. Finally, Zacks Investment Research upgraded shares of Guess? from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research report on Friday, August 25th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $14.77.
Guess?, Inc. (GES) traded up $0.43 during midday trading on Thursday, hitting $16.39. 1,276,708 shares of the stock traded hands, compared to its average volume of 1,450,060. Guess?, Inc. has a 12-month low of $9.56 and a 12-month high of $18.30. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.36 and a current ratio of 2.58. The company has a market cap of $1,314.74, a price-to-earnings ratio of 33.29, a price-to-earnings-growth ratio of 1.48 and a beta of 0.43.
Guess? (NYSE:GES) last posted its earnings results on Tuesday, November 21st. The company reported $0.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.01. The firm had revenue of $554.00 million during the quarter, compared to analyst estimates of $569.75 million. Guess? had a negative net margin of 0.10% and a positive return on equity of 4.35%. The business’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.11 EPS. equities analysts forecast that Guess?, Inc. will post 0.62 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Wednesday, December 13th will be given a dividend of $0.225 per share. The ex-dividend date is Tuesday, December 12th. This represents a $0.90 annualized dividend and a yield of 5.49%. Guess?’s payout ratio is currently -2,250.00%.
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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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