Nationwide Fund Advisors Has $2,355,000 Position in Guess Inc. (GES)
Nationwide Fund Advisors reduced its position in shares of Guess Inc. (NYSE:GES) by 47.6% during the second quarter, according to its most recent filing with the SEC. The firm owned 156,460 shares of the company’s stock after selling 142,332 shares during the period. Nationwide Fund Advisors owned approximately 0.19% of Guess worth $2,355,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Guess by 1.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,832,249 shares of the company’s stock worth $34,391,000 after buying an additional 28,100 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Guess by 744.4% in the first quarter. Renaissance Technologies LLC now owns 1,428,700 shares of the company’s stock worth $26,817,000 after buying an additional 1,259,500 shares during the period. Fuller & Thaler Asset Management Inc. boosted its stake in shares of Guess by 20.2% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 1,069,126 shares of the company’s stock worth $16,090,000 after buying an additional 179,612 shares during the period. Royce & Associates LP boosted its stake in shares of Guess by 53.4% in the second quarter. Royce & Associates LP now owns 363,200 shares of the company’s stock worth $5,466,000 after buying an additional 126,400 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of Guess by 30.0% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 334,757 shares of the company’s stock worth $5,038,000 after buying an additional 77,313 shares during the period. Hedge funds and other institutional investors own 77.63% of the company’s stock.
Guess Inc. (NYSE:GES) traded up 0.27% during midday trading on Tuesday, hitting $14.64. The stock had a trading volume of 56,077 shares. The company’s 50 day moving average price is $15.32 and its 200-day moving average price is $15.86. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 18.44 and a beta of 0.76. Guess Inc. has a 52 week low of $13.78 and a 52 week high of $23.45.
Guess (NYSE:GES) last posted its quarterly earnings results on Wednesday, August 24th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.07. Guess had a return on equity of 5.16% and a net margin of 3.10%. The company earned $545 million during the quarter, compared to analysts’ expectations of $551.53 million. During the same quarter in the previous year, the firm earned $0.21 EPS. Guess’s revenue was down .2% on a year-over-year basis. Equities analysts anticipate that Guess Inc. will post $0.65 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 23rd. Investors of record on Wednesday, September 7th were given a dividend of $0.225 per share. The ex-dividend date was Friday, September 2nd. This represents a $0.90 dividend on an annualized basis and a yield of 6.16%. Guess’s dividend payout ratio is currently 112.50%.
Several brokerages have recently commented on GES. Jefferies Group increased their target price on Guess from $16.00 to $17.00 and gave the stock a “hold” rating in a report on Thursday, August 25th. Piper Jaffray Cos. cut Guess from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $15.00 to $12.00 in a report on Tuesday, July 19th. Zacks Investment Research cut Guess from a “buy” rating to a “hold” rating in a report on Thursday, September 8th. B. Riley restated a “buy” rating and set a $21.00 target price on shares of Guess in a report on Tuesday, August 30th. Finally, Mizuho restated a “neutral” rating and set a $17.00 target price on shares of Guess in a report on Tuesday, July 12th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $18.07.
In other news, CEO Amigo Victor Herrero acquired 2,177 shares of Guess stock in a transaction that occurred on Monday, September 26th. The shares were acquired at an average price of $14.87 per share, for a total transaction of $32,371.99. Following the transaction, the chief executive officer now directly owns 334,703 shares of the company’s stock, valued at approximately $4,977,033.61. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Anthony Chidoni sold 4,000 shares of the business’s stock in a transaction on Friday, July 15th. The stock was sold at an average price of $15.54, for a total value of $62,160.00. Following the sale, the director now owns 157,744 shares in the company, valued at approximately $2,451,341.76. The disclosure for this sale can be found here. Corporate insiders own 28.80% of the company’s stock.
Guess?, Inc designs, markets, distributes and licenses a lifestyle collection of apparel and accessories for men, women and children. The Company operates through five segments: Americas Retail, which includes its retail and e-commerce operations in North and Central America and its retail operations in South America; Europe, which includes its wholesale, retail and e-commerce operations in Europe and the Middle East; Asia, which includes its retail, e-commerce and wholesale operations in Asia; Americas Wholesale, which includes its wholesale operations in the Americas, and Licensing, which includes licensing operations of the Company across the world.
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