Credit Industriel ET Commercial Acquires 70,974 Shares of Guess?, Inc. $GES

Credit Industriel ET Commercial boosted its holdings in shares of Guess?, Inc. (NYSE:GES) by 150.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 118,288 shares of the company’s stock after purchasing an additional 70,974 shares during the period. Credit Industriel ET Commercial owned 0.23% of Guess? worth $1,977,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of GES. Royal Bank of Canada grew its holdings in shares of Guess? by 49.3% during the first quarter. Royal Bank of Canada now owns 28,031 shares of the company’s stock worth $310,000 after purchasing an additional 9,260 shares during the last quarter. AQR Capital Management LLC lifted its position in Guess? by 82.2% during the 1st quarter. AQR Capital Management LLC now owns 282,196 shares of the company’s stock worth $3,124,000 after buying an additional 127,274 shares in the last quarter. Empowered Funds LLC grew its holdings in Guess? by 3.0% during the 1st quarter. Empowered Funds LLC now owns 271,920 shares of the company’s stock worth $3,010,000 after acquiring an additional 7,959 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in 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 acquiring an additional 915 shares during the last quarter. Finally, CWM LLC increased its position in Guess? by 229.0% in the 2nd quarter. CWM LLC now owns 13,935 shares of the company’s stock valued at $168,000 after acquiring an additional 9,699 shares in the last quarter. Institutional investors own 61.74% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Guess? Stock Down 0.2%

Shares of NYSE:GES opened at $16.82 on Monday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.63 and a quick ratio of 0.79. The stock has a market cap of $877.20 million, a price-to-earnings ratio of 15.15 and a beta of 0.96. The company has a 50 day moving average of $16.81 and a 200-day moving average of $16.50. Guess?, Inc. has a one year low of $8.48 and a one year high of $17.15.

Guess? (NYSE:GES) last announced its quarterly earnings data on Tuesday, November 25th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.10. Guess? had a net margin of 2.56% and a return on equity of 16.11%. The business had revenue of $791.43 million for the quarter, compared to analyst estimates of $767.93 million. During the same period in the prior year, the business posted $0.34 earnings per share. Guess?’s revenue was up 7.1% compared to the same quarter last year. On average, sell-side analysts forecast that Guess?, Inc. will post 1.92 earnings per share for the current year.

Guess? Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Wednesday, December 10th were paid a dividend of $0.225 per share. 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 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.