Maryland State Retirement & Pension System bought a new position in shares of Guess’, Inc. (NYSE:GES – Get Rating) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 12,549 shares of the company’s stock, valued at approximately $260,000.
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A number of other institutional investors have also modified their holdings of GES. PNC Financial Services Group Inc. increased its position in shares of Guess’ by 27.5% during the first quarter. PNC Financial Services Group Inc. now owns 2,692 shares of the company’s stock worth $59,000 after acquiring an additional 581 shares during the period. MetLife Investment Management LLC increased its holdings in Guess’ by 48.5% during the first quarter. MetLife Investment Management LLC now owns 22,428 shares of the company’s stock valued at $490,000 after buying an additional 7,322 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Guess’ by 14.1% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 33,609 shares of the company’s stock valued at $734,000 after buying an additional 4,152 shares during the period. APG Asset Management N.V. purchased a new position in Guess’ during the first quarter valued at approximately $391,000. Finally, Great West Life Assurance Co. Can increased its holdings in Guess’ by 6.0% during the first quarter. Great West Life Assurance Co. Can now owns 37,147 shares of the company’s stock valued at $833,000 after buying an additional 2,112 shares during the period. 58.81% of the stock is owned by hedge funds and other institutional investors.
Guess’ Price Performance
Shares of GES opened at $18.80 on Thursday. The company has a market cap of $1.03 billion, a price-to-earnings ratio of 8.43 and a beta of 1.93. Guess’, Inc. has a twelve month low of $14.27 and a twelve month high of $24.66. The company has a quick ratio of 0.92, a current ratio of 1.59 and a debt-to-equity ratio of 0.52. The company has a 50 day moving average of $21.09 and a two-hundred day moving average of $19.63.
Guess’ (NYSE:GES – Get Rating) last announced its earnings results on Tuesday, March 14th. The company reported $1.74 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.44. Guess’ had a net margin of 5.57% and a return on equity of 33.93%. The company had revenue of $817.78 million during the quarter, compared to the consensus estimate of $772.00 million. During the same period last year, the firm earned $1.14 earnings per share. Guess”s revenue was up 2.2% compared to the same quarter last year. As a group, analysts predict that Guess’, Inc. will post 2.66 earnings per share for the current fiscal year.
Guess’ Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 14th. Stockholders of record on Wednesday, March 29th will be paid a dividend of $0.225 per share. The ex-dividend date of this dividend is Tuesday, March 28th. This represents a $0.90 annualized dividend and a dividend yield of 4.79%. Guess”s payout ratio is currently 40.36%.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on GES shares. Telsey Advisory Group reissued a “market perform” rating and set a $23.00 price objective on shares of Guess’ in a report on Wednesday, March 15th. Small Cap Consu reissued a “buy” rating on shares of Guess’ in a report on Tuesday, March 28th. StockNews.com assumed coverage on shares of Guess’ in a report on Thursday, March 16th. They set a “hold” rating on the stock. Finally, TheStreet upgraded shares of Guess’ from a “c” rating to a “b” rating in a research note on Tuesday, March 14th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Guess’ presently has an average rating of “Moderate Buy” and an average price target of $26.00.
Guess’ Company Profile
Guess?, Inc engages in designing, marketing, distributing and licensing of contemporary apparel and accessories for men, women and children that reflect the American lifestyle and European fashion sensibilities. It operates through the following segments: Americas Retail, Americas Wholesale, Europe, Asia, and Licensing.
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