Texas Permanent School Fund reduced its holdings in Guess’, Inc. (NYSE:GES – Get Rating) by 4.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,287 shares of the company’s stock after selling 1,352 shares during the quarter. Texas Permanent School Fund’s holdings in Guess’ were worth $448,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. DB Wealth Management Group LLC bought a new stake in shares of Guess’ in the first quarter worth about $26,000. PNC Financial Services Group Inc. grew its holdings in shares of Guess’ by 27.5% during the first quarter. PNC Financial Services Group Inc. now owns 2,692 shares of the company’s stock worth $59,000 after buying an additional 581 shares in the last quarter. KBC Group NV bought a new position in shares of Guess’ during the second quarter worth about $57,000. Captrust Financial Advisors grew its holdings in shares of Guess’ by 34.7% during the first quarter. Captrust Financial Advisors now owns 5,175 shares of the company’s stock worth $114,000 after buying an additional 1,334 shares in the last quarter. Finally, Quantbot Technologies LP grew its holdings in shares of Guess’ by 288.8% during the first quarter. Quantbot Technologies LP now owns 6,396 shares of the company’s stock worth $139,000 after buying an additional 4,751 shares in the last quarter. 57.68% of the stock is currently owned by institutional investors.
Insider Activity at Guess’
In related news, Director Anthony Chidoni sold 10,000 shares of the stock in a transaction that occurred on Monday, September 19th. The stock was sold at an average price of $16.60, for a total transaction of $166,000.00. Following the completion of the transaction, the director now directly owns 199,552 shares of the company’s stock, valued at $3,312,563.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 41.00% of the company’s stock.
Wall Street Analyst Weigh In
Guess’ Stock Performance
Shares of NYSE GES opened at $19.75 on Wednesday. The stock has a 50 day moving average price of $16.56 and a 200 day moving average price of $18.03. Guess’, Inc. has a 52 week low of $14.27 and a 52 week high of $25.27. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.74 and a current ratio of 1.45. The stock has a market capitalization of $1.08 billion, a PE ratio of 10.08 and a beta of 1.89.
Guess’ (NYSE:GES – Get Rating) last issued its quarterly earnings results on Tuesday, November 22nd. The company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.11). Guess’ had a net margin of 4.86% and a return on equity of 28.40%. The company had revenue of $633.40 million for the quarter, compared to analyst estimates of $614.00 million. During the same period last year, the company posted $0.62 earnings per share. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. Analysts predict that Guess’, Inc. will post 2.63 earnings per share for the current fiscal year.
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, activewear, knitwear, and intimate apparel.
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