ABC Arbitrage SA Purchases Shares of 363,821 Guess?, Inc. $GES

ABC Arbitrage SA bought a new stake in shares of Guess?, Inc. (NYSE:GES) during the 3rd quarter, according to its most recent filing with the SEC. The fund bought 363,821 shares of the company’s stock, valued at approximately $6,079,000. ABC Arbitrage SA owned approximately 0.70% of Guess? as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund lifted its holdings in shares of Guess? by 9.5% during the third quarter. Oregon Public Employees Retirement Fund now owns 6,912 shares of the company’s stock valued at $116,000 after acquiring an additional 600 shares during the period. Vanguard Personalized Indexing Management LLC increased its position in shares of Guess? by 4.7% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 20,277 shares of the company’s stock worth $245,000 after purchasing an additional 915 shares in the last quarter. Louisiana State Employees Retirement System increased its position in shares of Guess? by 9.3% during the 3rd quarter. Louisiana State Employees Retirement System now owns 14,100 shares of the company’s stock worth $236,000 after purchasing an additional 1,200 shares in the last quarter. Legal & General Group Plc lifted its holdings in Guess? by 7.5% during the 2nd quarter. Legal & General Group Plc now owns 75,619 shares of the company’s stock valued at $914,000 after purchasing an additional 5,265 shares during the last quarter. Finally, Credit Industriel ET Commercial boosted its position in Guess? by 18.3% in 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. Institutional investors and hedge funds own 61.74% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on GES. Weiss Ratings reiterated a “hold (c)” rating on shares of Guess? in a research note on Monday, December 29th. Zacks Research upgraded Guess? from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 13th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $16.75 target price on shares of Guess? in a report on Monday, January 26th. One equities research analyst has rated the stock with a Strong Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Guess? currently has an average rating of “Hold” and a consensus price target of $16.75.

Guess? Trading Down 0.2%

GES opened at $16.82 on Wednesday. The firm’s fifty day moving average is $16.82 and its two-hundred day moving average is $16.42. The firm has a market cap of $877.20 million, a PE ratio of 15.15 and a beta of 0.96. Guess?, Inc. has a twelve month low of $8.48 and a twelve month high of $17.15. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.79 and a current ratio of 1.63.

Guess? (NYSE:GES) last announced its quarterly earnings results on Tuesday, November 25th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.10. Guess? had a return on equity of 16.11% and a net margin of 2.56%.The company had revenue of $791.43 million during the quarter, compared to the consensus estimate of $767.93 million. During the same period in the prior year, the company earned $0.34 earnings per share. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. Equities research analysts anticipate that Guess?, Inc. will post 1.92 EPS for the current year.

Guess? Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Wednesday, December 10th were given a $0.225 dividend. The ex-dividend date of this dividend was Wednesday, December 10th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.4%. Guess?’s payout ratio is currently 81.08%.

About Guess?

Guess?, Inc is a global fashion brand known for its lifestyle apparel, footwear and accessories. The company designs, markets and distributes a portfolio of apparel products under various brands, including its flagship Guess line and the premium Marciano label. Through its vertically integrated business model, Guess? oversees product development, manufacturing arrangements, marketing and distribution across wholesale and retail channels.

Guess?’s product offerings span denim, ready-to-wear, handbags, watches, jewelry and footwear for men, women and children.