Oppenheimer Asset Management Inc. trimmed its stake in Guess?, Inc. (NYSE:GES) by 44.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,119 shares of the company’s stock after selling 1,688 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Guess? were worth $34,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kornitzer Capital Management Inc. KS raised its position in shares of Guess? by 15.3% in the 2nd quarter. Kornitzer Capital Management Inc. KS now owns 419,470 shares of the company’s stock worth $6,774,000 after acquiring an additional 55,535 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Guess? by 452.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 370,895 shares of the company’s stock worth $5,785,000 after acquiring an additional 303,813 shares in the last quarter. Smith Graham & Co. Investment Advisors LP raised its position in shares of Guess? by 31.6% in the 2nd quarter. Smith Graham & Co. Investment Advisors LP now owns 303,751 shares of the company’s stock worth $4,906,000 after acquiring an additional 72,907 shares in the last quarter. Rhumbline Advisers raised its position in shares of Guess? by 0.8% in the 1st quarter. Rhumbline Advisers now owns 170,269 shares of the company’s stock worth $3,337,000 after acquiring an additional 1,397 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Guess? in the 2nd quarter worth $2,683,000. 75.84% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have recently commented on the company. Zacks Investment Research raised Guess? from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 21st. ValuEngine raised Guess? from a “sell” rating to a “hold” rating in a research report on Friday, August 30th. Cfra set a $16.00 target price on Guess? and gave the company a “hold” rating in a research report on Thursday, August 29th. Finally, B. Riley upped their target price on Guess? from $24.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, August 29th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $21.20.
NYSE:GES traded up $0.04 during mid-day trading on Friday, hitting $18.97. 1,332,478 shares of the company’s stock traded hands, compared to its average volume of 2,594,552. The company has a fifty day moving average of $16.24 and a 200 day moving average of $17.64. Guess?, Inc. has a twelve month low of $13.34 and a twelve month high of $24.25. The company has a market capitalization of $1.24 billion, a P/E ratio of 19.36, a P/E/G ratio of 0.80 and a beta of 0.44. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.72 and a current ratio of 1.44.
Guess? (NYSE:GES) last announced its earnings results on Wednesday, August 28th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.09. Guess? had a return on equity of 10.85% and a net margin of 0.52%. The company had revenue of $683.22 million for the quarter, compared to analyst estimates of $673.78 million. During the same period in the prior year, the company posted $0.36 EPS. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. On average, research analysts expect that Guess?, Inc. will post 1.35 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Wednesday, September 11th will be given a dividend of $0.1125 per share. This is a positive change from Guess?’s previous quarterly dividend of $0.11. This represents a $0.45 annualized dividend and a yield of 2.37%. The ex-dividend date is Tuesday, September 10th. Guess?’s dividend payout ratio is currently 45.92%.
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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