Rhumbline Advisers lessened its stake in Guess’, Inc. (NYSE:GES) by 2.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 139,381 shares of the company’s stock after selling 4,124 shares during the period. Rhumbline Advisers’ holdings in Guess’ were worth $3,275,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Rothschild & Co. Asset Management US Inc. purchased a new stake in shares of Guess’ in the fourth quarter valued at about $24,813,000. Norges Bank purchased a new stake in shares of Guess’ in the fourth quarter valued at about $12,793,000. Sei Investments Co. purchased a new stake in shares of Guess’ in the fourth quarter valued at about $6,446,000. Edgestream Partners L.P. raised its holdings in shares of Guess’ by 243.0% in the first quarter. Edgestream Partners L.P. now owns 310,808 shares of the company’s stock valued at $7,304,000 after buying an additional 220,181 shares during the last quarter. Finally, Brant Point Investment Management LLC purchased a new stake in shares of Guess’ in the fourth quarter valued at about $2,975,000. Institutional investors own 64.99% of the company’s stock.
In other Guess’ news, insider Paul Marciano sold 30,000 shares of the stock in a transaction dated Tuesday, April 13th. The shares were sold at an average price of $26.77, for a total value of $803,100.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gianluca Bolla sold 2,963 shares of the stock in a transaction dated Wednesday, April 14th. The shares were sold at an average price of $27.00, for a total transaction of $80,001.00. Following the completion of the transaction, the director now directly owns 87,905 shares of the company’s stock, valued at $2,373,435. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 62,963 shares of company stock valued at $1,706,001. 41.00% of the stock is currently owned by corporate insiders.
Guess’ (NYSE:GES) last posted its quarterly earnings results on Wednesday, May 26th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.20) by $0.41. The firm had revenue of $520.00 million during the quarter, compared to analysts’ expectations of $497.92 million. Guess’ had a net margin of 4.14% and a return on equity of 24.71%. The firm’s revenue for the quarter was up 99.8% on a year-over-year basis. During the same period in the prior year, the company posted ($1.81) earnings per share. On average, equities research analysts predict that Guess’, Inc. will post 2.38 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 25th. Shareholders of record on Wednesday, June 9th will be issued a $0.1125 dividend. The ex-dividend date is Tuesday, June 8th. This represents a $0.45 dividend on an annualized basis and a yield of 1.66%. Guess”s dividend payout ratio (DPR) is presently -642.86%.
A number of brokerages have recently commented on GES. Telsey Advisory Group upped their target price on shares of Guess’ from $27.00 to $33.00 and gave the company a “market perform” rating in a report on Friday, May 28th. Zacks Investment Research raised shares of Guess’ from a “hold” rating to a “strong-buy” rating and set a $32.00 target price for the company in a report on Friday, May 21st. Finally, B. Riley increased their price target on shares of Guess’ from $33.00 to $38.00 and gave the stock a “buy” rating in a report on Friday, May 28th.
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, knitwear, and intimate apparel.
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