Municipal Employees Retirement System of Michigan raised its position in shares of Guess?, Inc. (NYSE:GES) by 1.5% during the third quarter, according to its most recent disclosure with the SEC. The firm owned 28,760 shares of the company’s stock after buying an additional 430 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in Guess? were worth $420,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in GES. BlackRock Fund Advisors boosted its stake in Guess? by 5.7% in the second quarter. BlackRock Fund Advisors now owns 6,540,717 shares of the company’s stock worth $98,438,000 after buying an additional 355,028 shares during the last quarter. BlackRock Inc. raised its position in shares of Guess? by 34.9% in the second quarter. BlackRock Inc. now owns 52,312 shares of the company’s stock worth $787,000 after buying an additional 13,533 shares during the period. BlackRock Investment Management LLC raised its position in shares of Guess? by 5.0% in the second quarter. BlackRock Investment Management LLC now owns 458,658 shares of the company’s stock worth $6,903,000 after buying an additional 21,876 shares during the period. BlackRock Advisors LLC raised its position in shares of Guess? by 2.0% in the second quarter. BlackRock Advisors LLC now owns 29,062 shares of the company’s stock worth $437,000 after buying an additional 572 shares during the period. Finally, Virginia Retirement Systems ET AL purchased a new position in shares of Guess? during the second quarter worth $406,000. 74.73% of the stock is owned by institutional investors.
Guess?, Inc. (NYSE:GES) traded down 1.32% during midday trading on Wednesday, hitting $12.67. The company had a trading volume of 1,287,148 shares. The firm has a market capitalization of $1.07 billion, a P/E ratio of 16.80 and a beta of 0.61. The firm’s 50 day moving average is $12.78 and its 200-day moving average is $14.42. Guess?, Inc. has a 52 week low of $11.87 and a 52 week high of $22.84.
Guess? (NYSE:GES) last posted its earnings results on Wednesday, November 30th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by $0.03. The company had revenue of $536.30 million for the quarter, compared to analysts’ expectations of $548.37 million. Guess? had a return on equity of 4.84% and a net margin of 2.92%. The company’s revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.15 EPS. On average, equities research analysts expect that Guess?, Inc. will post $0.45 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 30th. Shareholders of record on Wednesday, December 14th were given a dividend of $0.225 per share. The ex-dividend date of this dividend was Monday, December 12th. This represents a $0.90 annualized dividend and a dividend yield of 7.10%. Guess?’s dividend payout ratio is currently 118.42%.
A number of brokerages have recently weighed in on GES. Mizuho lowered their target price on Guess? from $17.00 to $14.00 and set a “neutral” rating on the stock in a research note on Thursday, December 1st. Wunderlich reiterated a “positive” rating and set a $20.00 target price on shares of Guess? in a research note on Thursday, January 12th. B. Riley reiterated a “buy” rating and set a $17.00 target price on shares of Guess? in a research note on Tuesday, December 6th. Jefferies Group set a $15.00 target price on Guess? and gave the stock a “hold” rating in a research note on Thursday, December 1st. Finally, Zacks Investment Research lowered Guess? from a “hold” rating to a “sell” rating in a research note on Wednesday, November 2nd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $16.62.
In other Guess? news, Director Kay Isaacson-Leibowitz sold 13,550 shares of the stock in a transaction on Monday, December 5th. The stock was sold at an average price of $13.26, for a total transaction of $179,673.00. Following the sale, the director now owns 33,823 shares in the company, valued at $448,492.98. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Amigo Victor Herrero bought 2,724 shares of the company’s stock in a transaction on Tuesday, January 3rd. The shares were bought at an average price of $12.25 per share, for a total transaction of $33,369.00. Following the transaction, the chief executive officer now owns 337,427 shares of the company’s stock, valued at $4,133,480.75. The disclosure for this purchase can be found here. Company insiders own 28.80% of the company’s stock.
Guess? Company Profile
Guess?, Inc designs, markets, distributes and licenses a lifestyle collection of apparel and accessories for men, women and children. The Company operates through five segments: Americas Retail, which includes its retail and e-commerce operations in North and Central America and its retail operations in South America; Europe, which includes its wholesale, retail and e-commerce operations in Europe and the Middle East; Asia, which includes its retail, e-commerce and wholesale operations in Asia; Americas Wholesale, which includes its wholesale operations in the Americas, and Licensing, which includes licensing operations of the Company across the world.
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