Northern Trust Corp Has $2.43 Million Holdings in Guess?, Inc. (NYSE:GES)

Northern Trust Corp increased its stake in Guess?, Inc. (NYSE:GES - Free Report) by 33.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 SEC filing.

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

Analyst Upgrades and Downgrades

Several brokerages have commented on GES. Telsey Advisory Group reiterated a "market perform" rating and set a $13.00 target price on shares of Guess? in a research report on Friday, April 4th. UBS Group upped their target price on shares of Guess? from $11.00 to $12.00 and gave the company a "neutral" rating in a research report on Thursday, May 22nd.

Guess? Trading Up 1.0%

Shares of GES stock traded up $0.12 on Wednesday, hitting $11.24. The stock had a trading volume of 330,797 shares, compared to its average volume of 1,222,771. Guess?, Inc. has a twelve month low of $8.48 and a twelve month high of $24.64. The firm has a market cap of $584.40 million, a P/E ratio of 9.43 and a beta of 1.25. The company has a current ratio of 1.54, a quick ratio of 0.74 and a debt-to-equity ratio of 1.18. The company has a fifty day moving average price of $10.93 and a two-hundred day moving average price of $12.70.

Guess? (NYSE:GES - Get Free Report) last announced its quarterly earnings results on Thursday, April 3rd. The company reported $1.48 earnings per share (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 company had revenue of $932.25 million during the quarter, compared to analyst estimates of $916.75 million. During the same quarter in the previous year, the business earned $2.01 EPS. The firm's revenue was up 4.6% on a year-over-year basis. As a group, analysts forecast that Guess?, Inc. will post 1.92 earnings per share for the current fiscal year.

Guess? Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 2nd. Investors of record on Wednesday, April 16th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 10.68%. The ex-dividend date of this dividend was Wednesday, April 16th. Guess?'s payout ratio is presently 187.50%.

Guess? declared that its Board of Directors has authorized a share buyback program on Tuesday, March 25th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the company to purchase up to 38.5% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's management believes its shares are undervalued.

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.