Deutsche Bank AG grew its position in Guess (NYSE:GES) by 49.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 241,249 shares of the company’s stock after buying an additional 80,112 shares during the period. Deutsche Bank AG owned 0.29% of Guess worth $4,071,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Amundi Pioneer Asset Management Inc. bought a new position in shares of Guess in the 4th quarter worth $133,000. Old Mutual Global Investors UK Ltd. bought a new position in shares of Guess in the 4th quarter worth $157,000. Systematic Financial Management LP bought a new position in shares of Guess in the 4th quarter worth $301,000. Teacher Retirement System of Texas bought a new position in shares of Guess in the 4th quarter worth $356,000. Finally, Unison Advisors LLC bought a new position in shares of Guess in the 4th quarter worth $365,000. 82.38% of the stock is owned by institutional investors.
Several research firms have recently issued reports on GES. Cowen restated a “hold” rating and issued a $23.00 price target on shares of Guess in a research report on Tuesday, April 10th. Telsey Advisory Group raised their price target on Guess from $17.00 to $18.00 and gave the stock a “market perform” rating in a research report on Thursday, March 22nd. Zacks Investment Research upgraded Guess from a “sell” rating to a “hold” rating in a research report on Wednesday, February 21st. ValuEngine upgraded Guess from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Finally, B. Riley set a $20.00 target price on Guess and gave the stock a “buy” rating in a report on Thursday, March 22nd. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $18.13.
GES stock opened at $23.32 on Tuesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.45 and a current ratio of 2.37. The stock has a market cap of $1,915.34, a price-to-earnings ratio of 33.31, a price-to-earnings-growth ratio of 1.34 and a beta of 0.34. Guess has a 1-year low of $9.56 and a 1-year high of $24.01.
Guess (NYSE:GES) last posted its earnings results on Wednesday, March 21st. The company reported $0.62 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.08. The firm had revenue of $792.00 million for the quarter, compared to analyst estimates of $755.64 million. Guess had a positive return on equity of 6.18% and a negative net margin of 0.33%. The company’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.41 earnings per share. analysts predict that Guess will post 0.99 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 20th. Shareholders of record on Wednesday, April 4th will be issued a dividend of $0.225 per share. The ex-dividend date of this dividend is Tuesday, April 3rd. This represents a $0.90 annualized dividend and a yield of 3.86%. Guess’s dividend payout ratio is presently 128.57%.
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Guess Company Profile
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, Europe, Asia, Americas Wholesale, and Licensing. The company's clothing collection includes jeans, pants, skirts, dresses, shorts, blouses, shirts, jackets, knitwear, and intimate apparel.
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