Guess?, Inc. (NYSE:GES) Shares Purchased by Northern Trust Corp

Northern Trust Corp increased its holdings in shares of Guess?, Inc. (NYSE:GES - Free Report) by 33.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 SEC filing.

Other large investors have also recently bought and sold shares of the company. EMC Capital Management boosted its stake in Guess? by 158.0% during the 4th quarter. EMC Capital Management now owns 9,908 shares of the company's stock worth $139,000 after purchasing an additional 6,068 shares during the period. Jump Financial LLC acquired a new stake in Guess? during the 4th quarter worth $191,000. Amundi boosted its stake in Guess? by 109.6% during the 4th quarter. Amundi now owns 14,291 shares of the company's stock worth $193,000 after purchasing an additional 7,472 shares during the period. Commonwealth Equity Services LLC acquired a new stake in shares of Guess? in the 4th quarter worth $226,000. Finally, Versor Investments LP acquired a new stake in shares of Guess? in the 4th quarter worth $256,000. Institutional investors and hedge funds own 61.74% of the company's stock.

Wall Street Analysts Forecast Growth

GES has been the subject of several recent analyst reports. UBS Group raised their target price on shares of Guess? from $11.00 to $12.00 and gave the stock a "neutral" rating in a research note on Thursday, May 22nd. Telsey Advisory Group restated a "market perform" rating and issued a $13.00 target price on shares of Guess? in a research note on Friday, April 4th.

Guess? Price Performance

Shares of NYSE GES traded down $0.02 during midday trading on Thursday, hitting $11.13. The company had a trading volume of 655,037 shares, compared to its average volume of 1,220,810. The company has a quick ratio of 0.74, a current ratio of 1.54 and a debt-to-equity ratio of 1.18. Guess?, Inc. has a twelve month low of $8.48 and a twelve month high of $24.64. The business has a 50-day simple moving average of $10.90 and a two-hundred day simple moving average of $12.65. The firm has a market capitalization of $578.62 million, a price-to-earnings ratio of 9.35 and a beta of 1.25.

Guess? (NYSE:GES - Get Free Report) last announced its quarterly earnings data on Thursday, April 3rd. The company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.41 by $0.07. Guess? had a net margin of 3.19% and a return on equity of 23.29%. The firm had revenue of $932.25 million during the quarter, compared to analysts' expectations of $916.75 million. During the same quarter last year, the business earned $2.01 earnings per share. The business's revenue for the quarter was up 4.6% compared to the same quarter last year. Equities research analysts anticipate that Guess?, Inc. will post 1.92 earnings per share for the current year.

Guess? Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 2nd. Shareholders of record on Wednesday, April 16th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 10.79%. The ex-dividend date was Wednesday, April 16th. Guess?'s payout ratio is currently 187.50%.

Guess? announced that its Board of Directors has approved a share repurchase program on Tuesday, March 25th that permits the company to buyback $200.00 million in shares. This buyback authorization permits the company to purchase up to 38.5% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's board of directors believes its stock is undervalued.

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.