Teachers Retirement System of The State of Kentucky Has $249,000 Position in Guess?, Inc. (NYSE:GES)
Teachers Retirement System of The State of Kentucky held its stake in shares of Guess?, Inc. (NYSE:GES) during the first quarter, Holdings Channel reports. The firm owned 22,300 shares of the company’s stock at the end of the first quarter. Teachers Retirement System of The State of Kentucky’s holdings in Guess? were worth $249,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of GES. FNY Managed Accounts LLC purchased a new stake in shares of Guess? during the first quarter worth $100,000. Trust Department MB Financial Bank N A purchased a new stake in shares of Guess? during the first quarter worth $112,000. FNY Partners Fund LP raised its stake 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 worth $115,000 after buying an additional 4,160 shares during the period. Mason Street Advisors LLC raised its stake in shares of Guess? by 7.0% in the first quarter. Mason Street Advisors LLC now owns 14,400 shares of the company’s stock worth $161,000 after buying an additional 943 shares during the period. Finally, Sigma Planning Corp raised its stake in shares of Guess? by 3.7% in the first quarter. Sigma Planning Corp now owns 18,900 shares of the company’s stock worth $211,000 after buying an additional 675 shares during the period. 77.85% of the stock is owned by institutional investors and hedge funds.
Shares of Guess?, Inc. (NYSE:GES) traded down 0.30% on Friday, reaching $13.32. The company had a trading volume of 284,940 shares. The company has a 50 day moving average of $12.69 and a 200-day moving average of $11.93. Guess?, Inc. has a 52 week low of $9.56 and a 52 week high of $18.68. The company has a market capitalization of $1.11 billion, a P/E ratio of 42.69 and a beta of 0.42.
Guess? (NYSE:GES) last posted its quarterly earnings results on Wednesday, May 24th. The company reported ($0.24) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.32) by $0.08. Guess? had a return on equity of 3.67% and a net margin of 1.20%. The company had revenue of $458.60 million for the quarter, compared to analysts’ expectations of $449.22 million. During the same period last year, the firm earned ($0.23) earnings per share. Guess?’s quarterly revenue was up 2.2% on a year-over-year basis. Analysts predict that Guess?, Inc. will post $0.40 earnings per share for the current fiscal year.
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GES has been the subject of several recent research reports. Standpoint Research lowered Guess? from a “buy” rating to a “hold” rating and set a $13.91 price target for the company. in a research report on Wednesday. B. Riley reissued a “neutral” rating and issued a $12.00 price target on shares of Guess? in a research report on Sunday, June 4th. Zacks Investment Research lowered Guess? from a “buy” rating to a “hold” rating in a research report on Tuesday. BidaskClub raised Guess? from a “hold” rating to a “buy” rating in a research report on Saturday, August 5th. Finally, Cowen and Company boosted their price target on Guess? from $10.00 to $11.00 and gave the stock a “market perform” rating in a research report on Thursday, May 25th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $12.89.
In other Guess? news, CEO Amigo Victor Herrero purchased 3,274 shares of the business’s stock in a transaction on Monday, June 26th. The shares were bought at an average cost of $11.70 per share, for a total transaction of $38,305.80. Following the completion of the purchase, the chief executive officer now directly owns 392,848 shares in the company, valued at $4,596,321.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 29.60% of the stock is owned by company insiders.
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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