A number of other institutional investors also recently made changes to their positions in the company. Trust Department MB Financial Bank N A bought a new position in shares of Guess? during the first quarter worth $112,000. Mason Street Advisors LLC raised its position in shares of Guess? by 7.0% in the first quarter. Mason Street Advisors LLC now owns 14,400 shares of the company’s stock worth $161,000 after buying an additional 943 shares during the last quarter. Sigma Planning Corp raised its position in shares of Guess? by 3.7% in the first quarter. Sigma Planning Corp now owns 18,900 shares of the company’s stock worth $211,000 after buying an additional 675 shares during the last quarter. A.R.T. Advisors LLC bought a new position in shares of Guess? during the fourth quarter worth $214,000. Finally, OLD National Bancorp IN raised its position in shares of Guess? by 3.3% in the first quarter. OLD National Bancorp IN now owns 22,306 shares of the company’s stock worth $249,000 after buying an additional 718 shares during the last quarter. 78.15% of the stock is owned by hedge funds and other institutional investors.
American International Group Inc. reduced its position in Guess?, Inc. (NYSE:GES) by 16.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,672 shares of the company’s stock after selling 7,229 shares during the period. American International Group Inc.’s holdings in Guess? were worth $420,000 at the end of the most recent quarter.
Shares of Guess?, Inc. (NYSE:GES) traded up 0.38% during midday trading on Wednesday, hitting $13.32. 1,347,983 shares of the stock were exchanged. The firm’s 50 day moving average is $12.26 and its 200-day moving average is $11.86. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 42.69 and a beta of 0.41. Guess?, Inc. has a 1-year low of $9.56 and a 1-year high of $18.68.
Guess? (NYSE:GES) last issued its quarterly earnings data on Wednesday, May 24th. The company reported ($0.24) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.32) by $0.08. The firm had revenue of $458.60 million during the quarter, compared to analysts’ expectations of $449.22 million. Guess? had a net margin of 1.20% and a return on equity of 3.67%. The business’s revenue was up 2.2% on a year-over-year basis. During the same period last year, the company earned ($0.23) earnings per share. On average, analysts predict that Guess?, Inc. will post $0.40 EPS for the current year.
A number of equities analysts recently weighed in on the stock. FBR & Co set a $16.00 target price on shares of Guess? and gave the stock a “buy” rating in a research note on Saturday, July 22nd. Jefferies Group LLC reaffirmed a “hold” rating and issued a $11.00 target price on shares of Guess? in a research note on Friday, July 14th. B. Riley reaffirmed a “neutral” rating and issued a $12.00 target price on shares of Guess? in a research note on Sunday, June 4th. Cowen and Company set a $11.00 price target on shares of Guess? and gave the stock a “hold” rating in a research report on Friday, July 28th. Finally, Zacks Investment Research raised shares of Guess? from a “sell” rating to a “hold” rating in a research report on Monday, May 22nd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $12.78.
In other news, CEO Amigo Victor Herrero purchased 3,274 shares of the business’s stock in a transaction that occurred on Monday, June 26th. The shares were acquired at an average cost of $11.70 per share, for a total transaction of $38,305.80. Following the completion of the acquisition, the chief executive officer now owns 392,848 shares in the company, valued at $4,596,321.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 29.60% of the stock is currently owned by insiders.
Guess? Company Profile
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.