Stifel Financial Corp bought a new stake in Guess?, Inc. (NYSE:GES) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 40,715 shares of the company’s stock, valued at approximately $526,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FNY Partners Fund LP lifted its stake in shares of Guess? by 66.7% in the 1st quarter. FNY Partners Fund LP now owns 10,400 shares of the company’s stock valued at $115,000 after acquiring an additional 4,160 shares during the last quarter. Bank of The West bought a new stake in shares of Guess? in the 2nd quarter valued at about $140,000. Northwestern Mutual Investment Management Company LLC bought a new stake in shares of Guess? in the 2nd quarter valued at about $166,000. State of Alaska Department of Revenue lifted its stake in shares of Guess? by 77.4% in the 2nd quarter. State of Alaska Department of Revenue now owns 12,064 shares of the company’s stock valued at $154,000 after acquiring an additional 5,264 shares during the last quarter. Finally, Balter Liquid Alternatives LLC bought a new stake in shares of Guess? in the 2nd quarter valued at about $164,000. 79.28% of the stock is owned by institutional investors.
A number of equities research analysts have recently weighed in on GES shares. Cowen and Company set a $11.00 target price on Guess? and gave the company a “hold” rating in a research note on Friday, July 28th. BidaskClub lowered Guess? from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Jefferies Group LLC reissued a “hold” rating and issued a $11.00 target price on shares of Guess? in a research note on Friday, July 14th. Zacks Investment Research raised Guess? from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research note on Friday, August 25th. Finally, FBR & Co set a $16.00 target price on Guess? and gave the company a “buy” rating in a research note on Saturday, July 22nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $13.77.
Guess?, Inc. (NYSE GES) opened at 16.70 on Monday. The company has a market cap of $1.39 billion, a price-to-earnings ratio of 154.63 and a beta of 0.44. Guess?, Inc. has a 52-week low of $9.56 and a 52-week high of $17.54. The firm’s 50-day moving average price is $16.37 and its 200-day moving average price is $13.33.
Guess? (NYSE:GES) last announced its earnings results on Wednesday, August 23rd. The company reported $0.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.09. Guess? had a return on equity of 4.14% and a net margin of 0.43%. The business had revenue of $573.69 million during the quarter, compared to analyst estimates of $559.82 million. During the same quarter in the previous year, the business earned $0.14 earnings per share. The company’s revenue for the quarter was up 5.3% compared to the same quarter last year. On average, equities analysts anticipate that Guess?, Inc. will post $0.59 EPS for the current year.
In other Guess? news, Director Kay Isaacson-Leibowitz sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $16.03, for a total transaction of $96,180.00. Following the completion of the transaction, the director now owns 42,433 shares in the company, valued at $680,200.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 29.60% of the stock is owned by insiders.
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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