Public Sector Pension Investment Board Boosts Stock Position in Guess?, Inc. (NYSE:GES)

Public Sector Pension Investment Board grew its position in Guess?, Inc. (NYSE:GES) by 5.9% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 60,039 shares of the company’s stock after buying an additional 3,327 shares during the period. Public Sector Pension Investment Board owned 0.11% of Guess? worth $1,225,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Quest Partners LLC raised its stake in shares of Guess? by 186.2% during the 2nd quarter. Quest Partners LLC now owns 1,305 shares of the company’s stock worth $27,000 after acquiring an additional 849 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of Guess? during the first quarter worth $60,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Guess? by 72.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,092 shares of the company’s stock worth $206,000 after purchasing an additional 4,254 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of Guess? during the 1st quarter valued at $208,000. Finally, Optimist Retirement Group LLC purchased a new position in Guess? during the 2nd quarter worth $212,000. 61.74% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on GES. Telsey Advisory Group lowered their price target on Guess? from $26.00 to $21.00 and set a “market perform” rating for the company in a report on Thursday, August 29th. UBS Group cut their price objective on shares of Guess? from $24.00 to $22.00 and set a “neutral” rating on the stock in a report on Friday, August 30th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Guess? has a consensus rating of “Hold” and an average price target of $27.25.

Guess? Stock Down 2.1 %

Guess? stock opened at $19.71 on Wednesday. The business’s 50-day simple moving average is $21.01 and its two-hundred day simple moving average is $23.63. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.76 and a current ratio of 1.47. The company has a market cap of $1.05 billion, a PE ratio of 5.88 and a beta of 1.92. Guess?, Inc. has a fifty-two week low of $18.52 and a fifty-two week high of $33.50.

Guess? (NYSE:GES) last posted its quarterly earnings results on Wednesday, August 28th. The company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.01). The business had revenue of $732.60 million during the quarter, compared to analysts’ expectations of $729.96 million. Guess? had a net margin of 6.05% and a return on equity of 24.18%. Guess?’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.72 earnings per share. Equities analysts anticipate that Guess?, Inc. will post 2.63 EPS for the current year.

Guess? Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Wednesday, September 11th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 6.09%. The ex-dividend date of this dividend was Wednesday, September 11th. Guess?’s payout ratio is presently 35.82%.

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, activewear, knitwear, and intimate apparel.