2 weeks Ago By ABMN Staff
Hsbc Holdings PLC lifted its holdings in Guess?, Inc. ( NYSE:GES – Free Report ) by 25.5% in the second quarter, HoldingsChannel.
com reports. The institutional investor owned 57,149 shares of the company’s stock after purchasing an additional 11,628 shares during the quarter. Hsbc Holdings PLC’s holdings in Guess? were worth $1,163,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Edgestream Partners L.P.
bought a new position in Guess? in the 2nd quarter valued at $385,000. Renaissance Technologies LLC lifted its stake in shares of Guess? by 16.4% during the second quarter.
Renaissance Technologies LLC now owns 116,850 shares of the company’s stock valued at $2,384,000 after acquiring an additional 16,450 shares during the period. WINTON GROUP Ltd boosted its holdings in Guess? by 423.1% in the second quarter.
WINTON GROUP Ltd now owns 191,982 shares of the company’s stock valued at $3,916,000 after acquiring an additional 155,281 shares during the last quarter. Quest Partners LLC increased its position in Guess? by 186.2% in the second quarter.
Quest Partners LLC now owns 1,305 shares of the company’s stock worth $27,000 after purchasing an additional 849 shares during the period. Finally, LSV Asset Management raised its holdings in Guess? by 0.6% during the 2nd quarter.
LSV Asset Management now owns 1,454,320 shares of the company’s stock worth $29,668,000 after purchasing an additional 9,100 shares during the last quarter. Institutional investors and hedge funds own 61.74% of the company’s stock.
Analyst Upgrades and Downgrades A number of equities research analysts recently weighed in on GES shares. UBS Group dropped their price target on shares of Guess? from $24.00 to $22.
00 and set a “neutral” rating for the company in a research note on Friday, August 30th. StockNews.com cut shares of Guess? from a “buy” rating to a “hold” rating in a research report on Monday, June 3rd.
Finally, Telsey Advisory Group decreased their price objective on Guess? from $26.00 to $21.00 and set a “market perform” rating for the company in a research note on Thursday, August 29th.
Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $27.
25. Guess? Stock Up 0.7 % Shares of NYSE GES opened at $20.
08 on Friday. Guess?, Inc. has a 52-week low of $18.
52 and a 52-week high of $33.50. The company has a debt-to-equity ratio of 1.
01, a quick ratio of 0.76 and a current ratio of 1.47.
The stock has a market cap of $1.07 billion, a P/E ratio of 5.99 and a beta of 1.
92. The firm has a 50 day moving average price of $21.08 and a 200 day moving average price of $23.
69. Guess? ( NYSE:GES – Get Free Report ) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $0.
42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.01).
Guess? had a net margin of 6.05% and a return on equity of 24.18%.
The firm had revenue of $732.60 million during the quarter, compared to analyst estimates of $729.96 million.
During the same period last year, the firm earned $0.72 EPS. Guess?’s quarterly revenue was up 10.
2% on a year-over-year basis. Analysts expect that Guess?, Inc. will post 2.
63 EPS for the current year. Guess? Announces Dividend The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Wednesday, September 11th were issued a dividend of $0.
30 per share. The ex-dividend date was Wednesday, September 11th. This represents a $1.
20 dividend on an annualized basis and a dividend yield of 5.98%. Guess?’s payout ratio is 35.
82%. 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. Featured Stories Want to see what other hedge funds are holding GES? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Guess?, Inc.
( NYSE:GES – Free Report ). Receive News & Ratings for Guess? Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Guess? and related companies with MarketBeat.com's FREE daily email newsletter .
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