Guess?, Inc. $GES Stock Position Raised by GAMMA Investing LLC

GAMMA Investing LLC lifted its stake in Guess?, Inc. (NYSE:GES) by 193.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,809 shares of the company’s stock after purchasing an additional 4,492 shares during the quarter. GAMMA Investing LLC’s holdings in Guess? were worth $82,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Parallel Advisors LLC boosted its position in shares of Guess? by 9,137.0% in the 1st quarter. Parallel Advisors LLC now owns 2,494 shares of the company’s stock valued at $28,000 after purchasing an additional 2,467 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Guess? by 507.5% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 3,900 shares of the company’s stock worth $43,000 after buying an additional 3,258 shares during the period. US Bancorp DE boosted its holdings in shares of Guess? by 4,168.7% in the first quarter. US Bancorp DE now owns 4,226 shares of the company’s stock worth $47,000 after buying an additional 4,127 shares during the period. CWM LLC boosted its stake 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 purchasing an additional 4,103 shares during the period. Finally, Caitong International Asset Management Co. Ltd boosted its stake in Guess? by 20,181.5% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 5,476 shares of the company’s stock worth $61,000 after purchasing an additional 5,449 shares during the period. Institutional investors and hedge funds own 61.74% of the company’s stock.

Analysts Set New Price Targets

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

Guess? Stock Down 0.1%

Shares of Guess? stock opened at $16.85 on Friday. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.52 and a quick ratio of 0.76. The firm has a market cap of $877.29 million, a price-to-earnings ratio of 105.29 and a beta of 1.26. 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 52-week low of $8.48 and a 52-week high of $19.96.

Guess? (NYSE:GES) last posted its earnings results 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. The firm had revenue of $772.94 million during the quarter, compared to analysts’ expectations of $758.72 million. Guess? had a net margin of 1.01% and a return on equity of 16.44%. The company’s revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.42 earnings per share. On average, equities research analysts expect that Guess?, Inc. will post 1.92 earnings per share for the current fiscal year.

Guess? Cuts Dividend

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