Kornitzer Capital Management Inc. KS raised its stake in Guess?, Inc. (NYSE:GES) by 3.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 435,720 shares of the company’s stock after buying an additional 16,250 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Guess? were worth $8,074,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in GES. Meridian Wealth Management LLC bought a new position in shares of Guess? during the 2nd quarter valued at $154,000. First Trust Advisors LP bought a new position in shares of Guess? during the 2nd quarter valued at $613,000. Smith Graham & Co. Investment Advisors LP grew its holdings in shares of Guess? by 31.6% during the 2nd quarter. Smith Graham & Co. Investment Advisors LP now owns 303,751 shares of the company’s stock valued at $4,906,000 after purchasing an additional 72,907 shares during the last quarter. Dupont Capital Management Corp grew its holdings in shares of Guess? by 48.1% during the 2nd quarter. Dupont Capital Management Corp now owns 25,283 shares of the company’s stock valued at $408,000 after purchasing an additional 8,210 shares during the last quarter. Finally, KBC Group NV bought a new position in shares of Guess? during the 2nd quarter valued at $1,706,000. 82.53% of the stock is currently owned by institutional investors.
Several equities analysts recently commented on GES shares. B. Riley increased their target price on shares of Guess? from $24.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, August 29th. ValuEngine raised shares of Guess? from a “sell” rating to a “hold” rating in a report on Friday, August 30th. Zacks Investment Research reaffirmed a “positive” rating on shares of Guess? in a report on Wednesday, October 16th. Finally, Cfra set a $16.00 price target on shares of Guess? and gave the company a “hold” rating in a research report on Thursday, August 29th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $21.20.
GES traded down $0.44 during trading on Friday, hitting $17.92. 763,204 shares of the stock traded hands, compared to its average volume of 1,637,350. The firm has a market capitalization of $1.19 billion, a P/E ratio of 18.29, a price-to-earnings-growth ratio of 0.77 and a beta of 0.40. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.44 and a quick ratio of 0.72. The firm has a 50-day moving average of $17.57 and a 200 day moving average of $16.93. Guess?, Inc. has a 12-month low of $13.34 and a 12-month high of $24.25.
Guess? (NYSE:GES) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $0.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.09. The business had revenue of $683.22 million during the quarter, compared to analysts’ expectations of $673.78 million. Guess? had a net margin of 0.52% and a return on equity of 10.85%. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.36 EPS. As a group, equities analysts predict that Guess?, Inc. will post 1.35 EPS for the current fiscal year.
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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