KLP Kapitalforvaltning AS Increases Position in Guess?, Inc. $GES

KLP Kapitalforvaltning AS grew its position in shares of Guess?, Inc. (NYSE:GES - Free Report) by 68.5% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 45,025 shares of the company's stock after buying an additional 18,300 shares during the quarter. KLP Kapitalforvaltning AS owned 0.09% of Guess? worth $556,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. GAMMA Investing LLC raised its position in Guess? by 713.0% during the 1st quarter. GAMMA Investing LLC now owns 2,317 shares of the company's stock worth $26,000 after buying an additional 2,032 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its holdings in Guess? by 507.5% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 3,900 shares of the company's stock worth $43,000 after purchasing an additional 3,258 shares in the last quarter. US Bancorp DE raised its holdings in Guess? by 4,168.7% during the first quarter. US Bancorp DE now owns 4,226 shares of the company's stock worth $47,000 after purchasing an additional 4,127 shares in the last quarter. CWM LLC raised its holdings in Guess? by 3,085.0% during the first quarter. CWM LLC now owns 4,236 shares of the company's stock worth $47,000 after purchasing an additional 4,103 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its holdings in Guess? by 20,181.5% during the first 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 in the last quarter. Hedge funds and other institutional investors own 61.74% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Weiss Ratings reissued a "hold (c-)" rating on shares of Guess? in a report on Wednesday, October 8th. Telsey Advisory Group reissued a "market perform" rating and set a $16.75 price target on shares of Guess? in a report on Thursday, August 28th. UBS Group increased their price target on shares of Guess? from $13.00 to $16.75 and gave the stock a "neutral" rating in a report on Thursday, August 28th. Small Cap Consu cut shares of Guess? from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 28th. Finally, Zacks Research raised shares of Guess? from a "hold" rating to a "strong-buy" rating in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $16.75.

Guess? Price Performance

GES stock opened at $16.85 on Friday. The firm has a 50 day moving average of $16.32 and a 200-day moving average of $13.32. Guess?, Inc. has a 12-month low of $8.48 and a 12-month high of $19.91. The company has a current ratio of 1.52, a quick ratio of 0.76 and a debt-to-equity ratio of 1.10. The company has a market cap of $877.29 million, a price-to-earnings ratio of 105.29 and a beta of 1.26.

Guess? (NYSE:GES - Get Free Report) last issued its quarterly earnings data on Wednesday, August 27th. The company reported $0.26 earnings per share for the quarter, topping analysts' consensus estimates of $0.16 by $0.10. Guess? had a net margin of 1.01% and a return on equity of 16.44%. The business had revenue of $772.94 million during the quarter, compared to analysts' expectations of $758.72 million. During the same period last year, the company posted $0.42 EPS. The company's revenue was up 5.5% on a year-over-year basis. As a group, equities analysts expect that Guess?, Inc. will post 1.92 EPS for the current fiscal year.

Guess? Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Wednesday, September 10th were given a dividend of $0.225 per share. The ex-dividend date was Wednesday, September 10th. This represents a $0.90 dividend on an annualized basis and a yield of 5.3%. Guess?'s dividend payout ratio (DPR) is 562.50%.

About Guess?

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.

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