Nisa Investment Advisors LLC lessened its holdings in shares of Guess?, Inc. (NYSE:GES) by 76.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,480 shares of the company’s stock after selling 28,020 shares during the period. Nisa Investment Advisors LLC’s holdings in Guess? were worth $192,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of the company. KBC Group NV purchased a new position in Guess? in the 2nd quarter worth $464,000. United Services Automobile Association purchased a new position in Guess? in the 2nd quarter worth $31,370,000. Bridgewater Associates LP purchased a new position in Guess? in the 2nd quarter worth $210,000. Raymond James Financial Services Advisors Inc. purchased a new position in Guess? in the 2nd quarter worth $1,135,000. Finally, James Investment Research Inc. purchased a new position in Guess? in the 2nd quarter worth $1,839,000. Hedge funds and other institutional investors own 70.76% of the company’s stock.
A number of brokerages recently issued reports on GES. Zacks Investment Research lowered Guess? from a “buy” rating to a “hold” rating in a research note on Tuesday, July 31st. Telsey Advisory Group raised their target price on Guess? from $26.00 to $28.00 and gave the stock a “market perform” rating in a research note on Thursday, August 30th. Finally, TheStreet upgraded Guess? from a “c+” rating to a “b” rating in a research note on Thursday, August 30th. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $22.80.
In related news, Director Gianluca Bolla acquired 2,832 shares of Guess? stock in a transaction on Thursday, August 30th. The stock was acquired at an average price of $26.00 per share, for a total transaction of $73,632.00. Following the purchase, the director now owns 63,936 shares of the company’s stock, valued at approximately $1,662,336. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 31.30% of the company’s stock.
NYSE GES opened at $22.31 on Friday. The stock has a market cap of $1.72 billion, a price-to-earnings ratio of 24.41, a P/E/G ratio of 1.17 and a beta of 0.20. Guess?, Inc. has a fifty-two week low of $14.17 and a fifty-two week high of $26.95. The company has a quick ratio of 1.25, a current ratio of 2.24 and a debt-to-equity ratio of 0.04.
Guess? (NYSE:GES) last released its quarterly earnings data on Wednesday, August 29th. The company reported $0.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.04. The business had revenue of $645.87 million during the quarter, compared to analyst estimates of $650.61 million. Guess? had a return on equity of 8.12% and a net margin of 0.10%. The company’s revenue was up 13.7% on a year-over-year basis. During the same quarter last year, the business posted $0.19 EPS. Analysts forecast that Guess?, Inc. will post 1.04 EPS for the current year.
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, 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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