State of Tennessee Treasury Department decreased its stake in shares of Guess?, Inc. (NYSE:GES) by 9.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 47,497 shares of the company’s stock after selling 5,172 shares during the quarter. State of Tennessee Treasury Department owned about 0.06% of Guess? worth $802,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently made changes to their positions in the company. Old Mutual Global Investors UK Ltd. purchased a new position in Guess? during the 4th quarter worth $157,000. Invictus RG purchased a new position in Guess? during the 3rd quarter worth $256,000. Systematic Financial Management LP purchased a new position in Guess? during the 4th quarter worth $301,000. Public Employees Retirement System of Ohio purchased a new position in Guess? during the 2nd quarter worth $324,000. Finally, Teacher Retirement System of Texas purchased a new position in Guess? during the 4th quarter worth $356,000. 82.39% of the stock is owned by institutional investors.
Shares of GES opened at $22.68 on Friday. The company has a market capitalization of $1,889.84, a price-to-earnings ratio of 32.40, a PEG ratio of 1.37 and a beta of 0.35. The company has a quick ratio of 1.45, a current ratio of 2.37 and a debt-to-equity ratio of 0.04. Guess?, Inc. has a 1 year low of $9.56 and a 1 year high of $23.20.
Guess? (NYSE:GES) last announced its quarterly earnings data on Wednesday, March 21st. The company reported $0.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.08. Guess? had a positive return on equity of 6.18% and a negative net margin of 0.33%. The firm had revenue of $792.00 million during the quarter, compared to the consensus estimate of $755.64 million. During the same quarter in the previous year, the company posted $0.41 earnings per share. The business’s revenue was up 17.5% on a year-over-year basis. sell-side analysts anticipate that Guess?, Inc. will post 0.96 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 20th. Investors of record on Wednesday, April 4th will be issued a dividend of $0.225 per share. The ex-dividend date is Tuesday, April 3rd. This represents a $0.90 dividend on an annualized basis and a dividend yield of 3.97%. Guess?’s dividend payout ratio is presently 128.57%.
A number of equities research analysts have recently commented on GES shares. Zacks Investment Research upgraded Guess? from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research note on Thursday, January 11th. B. Riley restated a “hold” rating and issued a $17.00 price objective on shares of Guess? in a research note on Tuesday, January 9th. Finally, KeyCorp restated a “sector weight” rating on shares of Guess? in a research note on Tuesday, February 20th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Guess? currently has an average rating of “Buy” and a consensus target price of $17.42.
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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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