Guess?, Inc. (NYSE:GES) CEO Carlos Alberini bought 347,353 shares of the company’s stock in a transaction on Thursday, June 13th. The stock was purchased at an average price of $14.32 per share, with a total value of $4,974,094.96. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of GES stock traded up $0.12 on Friday, hitting $14.23. The company had a trading volume of 1,791,747 shares, compared to its average volume of 2,737,178. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 14.52, a PEG ratio of 0.64 and a beta of 0.45. The company has a current ratio of 1.42, a quick ratio of 0.68 and a debt-to-equity ratio of 1.84. Guess?, Inc. has a twelve month low of $13.88 and a twelve month high of $26.95.
Guess? (NYSE:GES) last issued its quarterly earnings results on Thursday, June 6th. The company reported ($0.25) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.01. The company had revenue of $537.00 million during the quarter, compared to analysts’ expectations of $536.78 million. Guess? had a return on equity of 10.10% and a net margin of 0.53%. The business’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.23) earnings per share. Sell-side analysts forecast that Guess?, Inc. will post 1.26 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Wednesday, June 19th will be paid a $0.112 dividend. The ex-dividend date of this dividend is Tuesday, June 18th. This represents a $0.45 annualized dividend and a dividend yield of 3.15%. Guess?’s payout ratio is 91.84%.
Hedge funds have recently modified their holdings of the company. Meeder Asset Management Inc. acquired a new stake in shares of Guess? in the first quarter valued at about $29,000. NumerixS Investment Technologies Inc acquired a new stake in shares of Guess? in the fourth quarter valued at about $34,000. Macquarie Group Ltd. acquired a new stake in Guess? during the first quarter worth approximately $44,000. PNC Financial Services Group Inc. grew its stake in Guess? by 31.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,516 shares of the company’s stock worth $52,000 after purchasing an additional 598 shares during the period. Finally, Pearl River Capital LLC acquired a new stake in Guess? during the first quarter worth approximately $60,000. 76.96% of the stock is owned by institutional investors.
Several research firms have commented on GES. Zacks Investment Research upgraded Guess? from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 21st. ValuEngine downgraded Guess? from a “hold” rating to a “sell” rating in a research report on Monday, May 20th. B. Riley set a $29.00 target price on Guess? and gave the company a “buy” rating in a research report on Friday, May 17th. Telsey Advisory Group reiterated a “market perform” rating and issued a $19.00 target price (down from $22.00) on shares of Guess? in a research report on Tuesday, April 23rd. Finally, Jefferies Financial Group set a $24.00 price target on Guess? and gave the company a “buy” rating in a research note on Thursday, March 21st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. Guess? presently has a consensus rating of “Hold” and an average price target of $23.50.
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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, knitwear, and intimate apparel.
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