Guess?, Inc. $GES Stake Lifted by GAMMA Investing LLC

GAMMA Investing LLC increased its stake in shares of Guess?, Inc. (NYSE:GES) by 193.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,809 shares of the company’s stock after buying an additional 4,492 shares during the quarter. GAMMA Investing LLC’s holdings in Guess? were worth $82,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of GES. California State Teachers Retirement System grew its position in shares of Guess? by 23.4% during the fourth quarter. California State Teachers Retirement System now owns 28,835 shares of the company’s stock worth $405,000 after acquiring an additional 5,470 shares during the last quarter. Parallel Advisors LLC grew its position 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 purchasing an additional 2,467 shares during the last quarter. Carolina Wealth Advisors LLC bought a new position in Guess? in the 1st quarter worth approximately $5,834,000. Principal Financial Group Inc. grew its holdings in Guess? by 2.5% in the 1st quarter. Principal Financial Group Inc. now owns 133,997 shares of the company’s stock worth $1,483,000 after buying an additional 3,331 shares in the last quarter. Finally, CWM LLC grew 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. Institutional investors own 61.74% of the company’s stock.

Analyst Ratings Changes

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

Guess? Trading Down 0.1%

Shares of GES stock opened at $16.85 on Friday. The stock has a 50-day simple moving average of $15.54 and a 200 day simple moving average of $12.93. Guess?, Inc. has a fifty-two week low of $8.48 and a fifty-two week high of $19.96. The stock has a market capitalization of $877.29 million, a P/E ratio of 105.29 and a beta of 1.26. The company has a quick ratio of 0.76, a current ratio of 1.52 and a debt-to-equity ratio of 1.10.

Guess? (NYSE:GES) last announced its earnings results on Wednesday, August 27th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $758.72 million. During the same quarter last year, the business posted $0.42 earnings per share. The company’s quarterly revenue was up 5.5% on a year-over-year basis. On average, sell-side analysts expect that Guess?, Inc. will post 1.92 earnings per share for the current fiscal year.

Guess? Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Wednesday, September 10th were issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date was Wednesday, September 10th. Guess?’s dividend payout ratio (DPR) is presently 562.50%.

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.