Northern Trust Corp raised its stake in shares of Guess?, Inc. (NYSE:GES - Free Report) by 33.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 172,650 shares of the company's stock after purchasing an additional 42,805 shares during the period. Northern Trust Corp owned 0.34% of Guess? worth $2,427,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also recently made changes to their positions in GES. EMC Capital Management grew its holdings in shares of Guess? by 158.0% in the fourth quarter. EMC Capital Management now owns 9,908 shares of the company's stock valued at $139,000 after purchasing an additional 6,068 shares in the last quarter. Jump Financial LLC bought a new position in Guess? during the fourth quarter valued at $191,000. Amundi grew its stake in shares of Guess? by 109.6% in the 4th quarter. Amundi now owns 14,291 shares of the company's stock worth $193,000 after buying an additional 7,472 shares in the last quarter. Commonwealth Equity Services LLC purchased a new position in shares of Guess? in the 4th quarter worth $226,000. Finally, Versor Investments LP bought a new stake in shares of Guess? in the 4th quarter worth about $256,000. Hedge funds and other institutional investors own 61.74% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on GES. UBS Group increased their price target on shares of Guess? from $11.00 to $12.00 and gave the company a "neutral" rating in a report on Thursday, May 22nd. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $13.00 price objective on shares of Guess? in a research note on Friday, April 4th.
Get Our Latest Report on Guess?
Guess? Trading Up 0.7%
NYSE GES traded up $0.08 on Tuesday, hitting $11.12. 470,270 shares of the stock were exchanged, compared to its average volume of 1,226,285. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.74 and a current ratio of 1.54. Guess?, Inc. has a 52-week low of $8.48 and a 52-week high of $24.64. The firm has a market capitalization of $578.36 million, a P/E ratio of 9.34 and a beta of 1.25. The stock has a fifty day moving average price of $10.95 and a two-hundred day moving average price of $12.71.
Guess? (NYSE:GES - Get Free Report) last released its earnings results on Thursday, April 3rd. The company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.07. The firm had revenue of $932.25 million during the quarter, compared to analyst estimates of $916.75 million. Guess? had a net margin of 3.19% and a return on equity of 23.29%. The business's revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the business earned $2.01 EPS. Research analysts forecast that Guess?, Inc. will post 1.92 EPS for the current fiscal year.
Guess? Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, May 2nd. Stockholders of record on Wednesday, April 16th were issued a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, April 16th. This represents a $1.20 annualized dividend and a dividend yield of 10.79%. Guess?'s payout ratio is 187.50%.
Guess? declared that its board has initiated a share buyback plan on Tuesday, March 25th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the company to buy up to 38.5% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's leadership believes its shares are undervalued.
About Guess?
(
Free Report)
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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