Bessemer Group Inc. Has $248,000 Stock Position in Guess?, Inc. $GES

Bessemer Group Inc. lifted its holdings in shares of Guess?, Inc. (NYSE:GES) by 11,948.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,483 shares of the company’s stock after purchasing an additional 20,313 shares during the quarter. Bessemer Group Inc.’s holdings in Guess? were worth $248,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of GES. Nisa Investment Advisors LLC raised its holdings in Guess? by 9,248.2% during the second quarter. Nisa Investment Advisors LLC now owns 38,982 shares of the company’s stock valued at $483,000 after buying an additional 38,565 shares in the last quarter. AlphaQuest LLC raised its holdings in 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 buying an additional 10,514 shares in the last quarter. Credit Industriel ET Commercial raised its holdings in 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 buying an additional 7,315 shares in the last quarter. CWM LLC raised its holdings in 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 buying an additional 9,699 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its holdings in Guess? by 4.7% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 20,277 shares of the company’s stock valued at $245,000 after buying an additional 915 shares in the last quarter. Institutional investors and hedge funds own 61.74% of the company’s stock.

Guess? Trading Up 0.1%

Guess? stock opened at $17.00 on Tuesday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.76 and a current ratio of 1.52. Guess?, Inc. has a 52 week low of $8.48 and a 52 week high of $18.07. The business’s 50-day simple moving average is $16.83 and its 200-day simple moving average is $13.92. The firm has a market capitalization of $886.32 million, a PE ratio of 106.23 and a beta of 1.26.

Guess? (NYSE:GES) last issued its quarterly earnings results on Wednesday, August 27th. The company reported $0.26 earnings per share 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 period in the prior year, the firm earned $0.42 EPS. The business’s revenue was up 5.5% on a year-over-year basis. Equities research analysts forecast that Guess?, Inc. will post 1.92 earnings per share for the current year.

Guess? Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Wednesday, September 10th were paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 5.3%. The ex-dividend date was Wednesday, September 10th. Guess?’s payout ratio is currently 562.50%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on GES. Zacks Research upgraded Guess? from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 14th. Weiss Ratings restated a “hold (c-)” rating on shares of Guess? in a report on Wednesday, October 8th. Small Cap Consu lowered 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 set a $16.75 target price on shares of Guess? in a report on Thursday, August 28th. Finally, UBS Group raised their target price on Guess? from $13.00 to $16.75 and gave the company a “neutral” rating in a report on Thursday, August 28th. One investment analyst has rated the stock with a Strong Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price 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.