Nisa Investment Advisors LLC Grows Stock Holdings in Guess?, Inc. $GES

Nisa Investment Advisors LLC grew its holdings in shares of Guess?, Inc. (NYSE:GES) by 9,248.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 38,982 shares of the company’s stock after purchasing an additional 38,565 shares during the period. Nisa Investment Advisors LLC owned approximately 0.07% of Guess? worth $483,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. AlphaQuest LLC lifted its holdings in shares of Guess? by 62.4% during the second quarter. AlphaQuest LLC now owns 27,357 shares of the company’s stock valued at $331,000 after purchasing an additional 10,514 shares during the last quarter. Credit Industriel ET Commercial lifted its holdings in shares of Guess? by 18.3% during the second quarter. Credit Industriel ET Commercial now owns 47,314 shares of the company’s stock valued at $572,000 after purchasing an additional 7,315 shares during the last quarter. CWM LLC lifted its holdings in shares of Guess? by 229.0% during the second quarter. CWM LLC now owns 13,935 shares of the company’s stock valued at $168,000 after purchasing an additional 9,699 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in Guess? by 4.7% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 20,277 shares of the company’s stock worth $245,000 after acquiring an additional 915 shares during the last quarter. Finally, KLP Kapitalforvaltning AS raised its holdings in Guess? by 68.5% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 45,025 shares of the company’s stock worth $556,000 after acquiring an additional 18,300 shares during the last quarter. 61.74% of the stock is currently owned by hedge funds and other institutional investors.

Guess? Price Performance

Shares of GES opened at $16.98 on Monday. Guess?, Inc. has a 1-year low of $8.48 and a 1-year high of $18.07. The firm has a fifty day simple moving average of $16.83 and a two-hundred day simple moving average of $13.87. The company has a current ratio of 1.52, a quick ratio of 0.76 and a debt-to-equity ratio of 1.10. The firm has a market cap of $885.28 million, a PE ratio of 106.10 and a beta of 1.26.

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

Guess? Cuts Dividend

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

Wall Street Analyst Weigh In

GES has been the subject of a number of recent analyst reports. Weiss Ratings restated a “hold (c-)” rating on shares of Guess? in a report on Wednesday, October 8th. Zacks Research upgraded shares of Guess? from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 14th. Small Cap Consu lowered shares of Guess? from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 28th. Telsey Advisory Group restated a “market perform” rating and issued a $16.75 price objective on shares of Guess? in a report on Thursday, August 28th. Finally, UBS Group boosted their target price on shares of Guess? from $13.00 to $16.75 and gave the company a “neutral” rating in a research note on Thursday, August 28th. One analyst has rated the stock with a Strong Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $16.75.

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.