Metropolitan Life Insurance Co. NY Purchases 1,777 Shares of Guess?, Inc. (NYSE:GES)
Metropolitan Life Insurance Co. NY boosted its position in shares of Guess?, Inc. (NYSE:GES) by 4.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,787 shares of the company’s stock after buying an additional 1,777 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in Guess? were worth $488,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of GES. Dimensional Fund Advisors LP raised its stake in shares of Guess? by 11.3% in the first quarter. Dimensional Fund Advisors LP now owns 7,080,922 shares of the company’s stock worth $78,952,000 after buying an additional 717,390 shares in the last quarter. Contrarius Investment Management Ltd purchased a new stake in shares of Guess? during the first quarter worth approximately $7,258,000. JPMorgan Chase & Co. raised its stake in shares of Guess? by 710.0% in the first quarter. JPMorgan Chase & Co. now owns 426,895 shares of the company’s stock worth $4,760,000 after buying an additional 374,191 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Guess? by 6.6% in the first quarter. Vanguard Group Inc. now owns 5,597,271 shares of the company’s stock worth $62,410,000 after buying an additional 345,970 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in shares of Guess? by 101.3% in the first quarter. First Trust Advisors LP now owns 600,704 shares of the company’s stock worth $6,698,000 after buying an additional 302,218 shares in the last quarter. Hedge funds and other institutional investors own 77.85% of the company’s stock.
Guess?, Inc. (NYSE:GES) traded down 0.22% during midday trading on Friday, reaching $13.33. The company’s stock had a trading volume of 939,626 shares. The stock’s 50 day moving average is $12.74 and its 200 day moving average is $11.93. Guess?, Inc. has a 12-month low of $9.56 and a 12-month high of $18.68. The stock has a market cap of $1.11 billion, a P/E ratio of 42.72 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 firm had revenue of $458.60 million for the quarter, compared to the consensus estimate of $449.22 million. During the same period in the previous year, the business earned ($0.23) earnings per share. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. Analysts anticipate that Guess?, Inc. will post $0.40 earnings per share for the current year.
GES has been the topic of a number of recent research reports. Cowen and Company set a $11.00 target price on Guess? and gave the company a “hold” rating in a research report on Friday, July 28th. BidaskClub lowered Guess? from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Zacks Investment Research upgraded Guess? from a “sell” rating to a “hold” rating in a research report on Monday, May 22nd. Jefferies Group LLC reiterated a “hold” rating and issued a $11.00 target price on shares of Guess? in a research report on Friday, July 14th. Finally, FBR & Co set a $16.00 target price on Guess? and gave the company a “buy” rating in a research report on Saturday, July 22nd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $12.89.
In other news, CEO Amigo Victor Herrero bought 3,274 shares of the firm’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 transaction, the chief executive officer now owns 392,848 shares in the company, valued at $4,596,321.60. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 29.60% of the stock is owned by 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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