Guess?, Inc. (GES) Director Sells $96,180.00 in Stock
Guess?, Inc. (NYSE:GES) Director Kay Isaacson-Leibowitz sold 6,000 shares of the stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $16.03, for a total value of $96,180.00. Following the transaction, the director now owns 42,433 shares of the company’s stock, valued at $680,200.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Guess?, Inc. (NYSE GES) traded down 2.91% on Friday, reaching $15.69. The company’s stock had a trading volume of 1,025,619 shares. Guess?, Inc. has a 52-week low of $9.56 and a 52-week high of $16.55. The firm’s 50-day moving average price is $13.84 and its 200 day moving average price is $12.12. The company has a market cap of $1.29 billion, a P/E ratio of 143.94 and a beta of 0.41.
Guess? (NYSE:GES) last issued its quarterly earnings data on Wednesday, August 23rd. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.10 by $0.09. The firm had revenue of $573.69 million during the quarter, compared to the consensus estimate of $559.82 million. Guess? had a return on equity of 4.14% and a net margin of 0.43%. The company’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.14 earnings per share. Equities analysts anticipate that Guess?, Inc. will post $0.58 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Wednesday, September 6th will be paid a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 5.74%. The ex-dividend date is Friday, September 1st. Guess?’s dividend payout ratio (DPR) is presently 818.18%.
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A number of research firms recently issued reports on GES. Evercore ISI began coverage on Guess? in a report on Friday, August 25th. They set a “buy” rating for the company. Zacks Investment Research upgraded Guess? from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a report on Friday, August 25th. Standpoint Research downgraded Guess? from a “buy” rating to a “hold” rating and set a $13.91 price objective for the company. in a report on Wednesday, August 9th. BidaskClub upgraded Guess? from a “hold” rating to a “buy” rating in a report on Saturday, August 5th. Finally, Jefferies Group LLC set a $11.00 price objective on Guess? and gave the stock a “hold” rating in a report on Wednesday, August 16th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $13.77.
Institutional investors have recently modified their holdings of the company. FNY Managed Accounts LLC bought a new position in shares of Guess? in the first quarter valued at approximately $100,000. Cubist Systematic Strategies LLC bought a new position in shares of Guess? in the second quarter valued at approximately $129,000. FNY Partners Fund LP grew its holdings in shares of Guess? by 66.7% in the first quarter. FNY Partners Fund LP now owns 10,400 shares of the company’s stock valued at $115,000 after acquiring an additional 4,160 shares in the last quarter. Bank of The West bought a new position in shares of Guess? in the second quarter valued at approximately $140,000. Finally, Northwestern Mutual Investment Management Company LLC bought a new position in shares of Guess? in the second quarter valued at approximately $166,000. 79.54% of the stock is owned by hedge funds and other institutional investors.
Guess? Company Profile
Guess?, Inc designs, markets, distributes and licenses a lifestyle collections of apparel and accessories for men, women and children. The Company operates through five segments: Americas Retail, Europe, Asia, Americas Wholesale and Licensing. The Americas Retail segment includes the Company’s retail and e-commerce operations in North and Central America and its retail operations in South America.
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