Comerica Bank Lowers Stock Position in Guess?, Inc. $GES

Comerica Bank cut its stake in shares of Guess?, Inc. (NYSE:GES) by 64.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,453 shares of the company’s stock after selling 20,453 shares during the quarter. Comerica Bank’s holdings in Guess? were worth $127,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC increased its holdings in Guess? by 713.0% in the 1st quarter. GAMMA Investing LLC now owns 2,317 shares of the company’s stock worth $26,000 after buying an additional 2,032 shares in the last quarter. Parallel Advisors LLC increased its holdings in Guess? by 9,137.0% in the 1st quarter. Parallel Advisors LLC now owns 2,494 shares of the company’s stock worth $28,000 after buying an additional 2,467 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in Guess? by 507.5% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 3,900 shares of the company’s stock worth $43,000 after buying an additional 3,258 shares in the last quarter. US Bancorp DE increased its holdings in Guess? by 4,168.7% in the 1st quarter. US Bancorp DE now owns 4,226 shares of the company’s stock worth $47,000 after buying an additional 4,127 shares in the last quarter. Finally, CWM LLC increased its holdings in Guess? by 3,085.0% in the 1st quarter. CWM LLC now owns 4,236 shares of the company’s stock worth $47,000 after buying an additional 4,103 shares in the last quarter. 61.74% of the stock is currently owned by institutional investors.

Guess? Stock Down 1.4%

NYSE GES opened at $16.66 on Thursday. The stock’s 50 day moving average is $14.37 and its 200 day moving average is $12.24. The company has a current ratio of 1.52, a quick ratio of 0.76 and a debt-to-equity ratio of 1.10. Guess?, Inc. has a 12 month low of $8.48 and a 12 month high of $20.33. The stock has a market cap of $867.39 million, a PE ratio of 104.10 and a beta of 1.24.

Guess? (NYSE:GES) last released its quarterly earnings data on Wednesday, August 27th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.10. Guess? had a return on equity of 16.44% and a net margin of 1.01%.The business had revenue of $772.94 million for the quarter, compared to the consensus estimate of $758.72 million. During the same quarter in the previous year, the company posted $0.42 EPS. The company’s revenue was up 5.5% compared to the same quarter last year. Research analysts predict that Guess?, Inc. will post 1.92 EPS for the current fiscal year.

Guess? Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Wednesday, September 10th will be issued a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 5.4%. The ex-dividend date is Wednesday, September 10th. Guess?’s dividend payout ratio is currently 750.00%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on GES shares. Small Cap Consu cut Guess? from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 28th. UBS Group raised their target price on Guess? from $13.00 to $16.75 and gave the stock a “neutral” rating in a research report on Thursday, August 28th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $16.75 target price on shares of Guess? in a research report on Thursday, August 28th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $16.75.

Guess? 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.