Rafferty Asset Management LLC Purchases Shares of 68,582 Guess?, Inc. (GES)
Rafferty Asset Management LLC purchased a new stake in Guess?, Inc. (NYSE:GES) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 68,582 shares of the company’s stock, valued at approximately $876,000. Rafferty Asset Management LLC owned 0.08% of Guess? as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. FNY Managed Accounts LLC acquired a new position in shares of Guess? in the 1st quarter valued at about $100,000. FNY Partners Fund LP boosted its holdings in shares of Guess? by 66.7% in the 1st quarter. FNY Partners Fund LP now owns 10,400 shares of the company’s stock valued at $115,000 after buying an additional 4,160 shares during the period. Bank of The West acquired a new position in shares of Guess? in the 2nd quarter valued at about $140,000. State of Alaska Department of Revenue boosted its holdings in shares of Guess? by 77.4% in the 2nd quarter. State of Alaska Department of Revenue now owns 12,064 shares of the company’s stock valued at $154,000 after buying an additional 5,264 shares during the period. Finally, Mason Street Advisors LLC boosted its holdings in shares of Guess? by 7.0% in the 1st quarter. Mason Street Advisors LLC now owns 14,400 shares of the company’s stock valued at $161,000 after buying an additional 943 shares during the period. 79.49% of the stock is owned by institutional investors and hedge funds.
Several research analysts have recently commented on the stock. Standpoint Research lowered shares of Guess? from a “buy” rating to a “hold” rating and set a $13.91 price target for the company. in a report on Wednesday, August 9th. B. Riley reaffirmed a “neutral” rating and issued a $12.00 price target on shares of Guess? in a report on Sunday, June 4th. Zacks Investment Research lowered shares of Guess? from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. BidaskClub lowered shares of Guess? from a “buy” rating to a “hold” rating in a report on Wednesday, August 16th. Finally, Jefferies Group LLC set a $11.00 price target on shares of Guess? and gave the company a “hold” rating in a report on Wednesday, August 16th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. Guess? currently has an average rating of “Hold” and a consensus price target of $13.77.
Shares of Guess?, Inc. (GES) opened at 16.06 on Monday. Guess?, Inc. has a 12 month low of $9.56 and a 12 month high of $16.55. The company has a market capitalization of $1.34 billion, a P/E ratio of 148.70 and a beta of 0.41. The company has a 50-day moving average of $14.53 and a 200 day moving average of $12.29.
Guess? (NYSE:GES) last posted its earnings results on Wednesday, August 23rd. The company reported $0.19 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.09. Guess? had a net margin of 0.43% and a return on equity of 4.14%. The business had revenue of $573.69 million for the quarter, compared to analyst estimates of $559.82 million. During the same quarter in the prior year, the firm earned $0.14 EPS. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. Analysts forecast that Guess?, Inc. will post $0.58 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Wednesday, September 6th were issued a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 5.60%. The ex-dividend date of this dividend was Friday, September 1st. Guess?’s payout ratio is 818.18%.
In other news, Director Kay Isaacson-Leibowitz sold 6,000 shares of the company’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $16.03, for a total value of $96,180.00. Following the sale, the director now owns 42,433 shares of the company’s stock, valued at approximately $680,200.99. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 29.60% of the stock is currently owned by corporate insiders.
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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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