Fmr LLC lessened its position in Guess?, Inc. (NYSE:GES) by 0.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,039,755 shares of the company’s stock after selling 70,500 shares during the period. Fmr LLC owned about 14.86% of Guess? worth $272,098,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the company. BlackRock Inc. increased its position in Guess? by 1.8% during the third quarter. BlackRock Inc. now owns 8,116,668 shares of the company’s stock worth $183,437,000 after purchasing an additional 140,223 shares during the last quarter. Majedie Asset Management Ltd increased its position in Guess? by 2.7% during the third quarter. Majedie Asset Management Ltd now owns 570,301 shares of the company’s stock worth $12,889,000 after purchasing an additional 14,997 shares during the last quarter. Principal Financial Group Inc. increased its position in Guess? by 1.2% during the first quarter. Principal Financial Group Inc. now owns 454,045 shares of the company’s stock worth $9,417,000 after purchasing an additional 5,421 shares during the last quarter. Braun Stacey Associates Inc. increased its position in Guess? by 10.7% during the third quarter. Braun Stacey Associates Inc. now owns 415,477 shares of the company’s stock worth $9,389,000 after purchasing an additional 40,230 shares during the last quarter. Finally, United Services Automobile Association acquired a new position in Guess? during the second quarter worth approximately $31,370,000. 70.61% of the stock is owned by institutional investors and hedge funds.
Several equities analysts recently commented on the stock. TheStreet lowered shares of Guess? from a “b” rating to a “c+” rating in a research report on Thursday, November 29th. Zacks Investment Research raised shares of Guess? from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research report on Friday. Finally, Telsey Advisory Group upped their price target on shares of Guess? from $26.00 to $28.00 and gave the stock a “market perform” rating in a research report on Thursday, August 30th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Guess? has an average rating of “Buy” and a consensus target price of $22.60.
Guess? (NYSE:GES) last issued its quarterly earnings results on Wednesday, November 28th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.03). Guess? had a positive return on equity of 8.42% and a negative net margin of 0.32%. The company had revenue of $605.00 million for the quarter, compared to analyst estimates of $603.08 million. During the same period last year, the company posted $0.12 EPS. The business’s revenue for the quarter was up 10.2% on a year-over-year basis. Research analysts anticipate that Guess?, Inc. will post 1.03 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Wednesday, December 12th will be given a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 3.82%. The ex-dividend date of this dividend is Tuesday, December 11th. Guess?’s payout ratio is currently 128.57%.
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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