Guess?, Inc. (NYSE:GES) CEO Carlos Alberini acquired 347,353 shares of the stock in a transaction dated Thursday, June 13th. The shares were bought at an average price of $14.32 per share, for a total transaction of $4,974,094.96. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.
GES stock opened at $14.23 on Monday. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.68 and a current ratio of 1.42. Guess?, Inc. has a 52 week low of $13.88 and a 52 week high of $26.95. The firm has a market cap of $1.02 billion, a P/E ratio of 14.52, a price-to-earnings-growth ratio of 0.65 and a beta of 0.45.
Guess? (NYSE:GES) last released its earnings results on Thursday, June 6th. The company reported ($0.25) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.26) by $0.01. Guess? had a net margin of 0.53% and a return on equity of 10.10%. The company had revenue of $537.00 million for the quarter, compared to analyst estimates of $536.78 million. During the same quarter last year, the firm earned ($0.23) EPS. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. Research analysts expect that Guess?, Inc. will post 1.26 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Wednesday, June 19th will be issued a dividend of $0.112 per share. This represents a $0.45 annualized dividend and a dividend yield of 3.15%. The ex-dividend date of this dividend is Tuesday, June 18th. Guess?’s dividend payout ratio is currently 91.84%.
Several research firms have recently weighed in on GES. ValuEngine cut shares of Guess? from a “hold” rating to a “sell” rating in a research report on Thursday, April 11th. B. Riley set a $29.00 price objective on shares of Guess? and gave the company a “buy” rating in a research report on Friday, May 17th. Zacks Investment Research upgraded shares of Guess? from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 21st. Telsey Advisory Group restated a “market perform” rating and set a $19.00 price objective (down previously from $22.00) on shares of Guess? in a research report on Tuesday, April 23rd. Finally, Jefferies Financial Group set a $24.00 target price on shares of Guess? and gave the company a “buy” rating in a report on Thursday, March 21st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $23.50.
Hedge funds have recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. bought a new position in shares of Guess? during the 1st quarter valued at $29,000. NumerixS Investment Technologies Inc bought a new position in shares of Guess? during the 4th quarter valued at $34,000. PNC Financial Services Group Inc. grew its holdings in shares of Guess? by 31.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,516 shares of the company’s stock valued at $52,000 after purchasing an additional 598 shares during the last quarter. Pearl River Capital LLC bought a new position in shares of Guess? during the 1st quarter valued at $60,000. Finally, Oppenheimer Asset Management Inc. bought a new position in shares of Guess? during the 4th quarter valued at $73,000. 76.96% of the stock is currently owned by institutional investors.
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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, 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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