Municipal Employees Retirement System of Michigan Grows Stake in Guess?, Inc. (GES)
Municipal Employees Retirement System of Michigan grew its position in Guess?, Inc. (NYSE:GES) by 27.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 38,540 shares of the company’s stock after acquiring an additional 8,280 shares during the quarter. Municipal Employees Retirement System of Michigan’s holdings in Guess? were worth $656,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position 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 valued at $62,410,000 after acquiring an additional 345,970 shares in the last quarter. State Street Corp increased its holdings in shares of Guess? by 2.0% in the second quarter. State Street Corp now owns 3,839,229 shares of the company’s stock valued at $49,066,000 after purchasing an additional 75,571 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Guess? by 59.5% in the second quarter. Bank of New York Mellon Corp now owns 2,755,938 shares of the company’s stock valued at $35,222,000 after purchasing an additional 1,028,389 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of Guess? by 15.3% in the second quarter. Wells Fargo & Company MN now owns 1,820,710 shares of the company’s stock valued at $23,268,000 after purchasing an additional 241,295 shares during the last quarter. Finally, Contrarius Investment Management Ltd increased its holdings in shares of Guess? by 56.1% in the second quarter. Contrarius Investment Management Ltd now owns 1,016,303 shares of the company’s stock valued at $12,988,000 after purchasing an additional 365,342 shares during the last quarter. Institutional investors and hedge funds own 81.45% of the company’s stock.
Guess?, Inc. (GES) traded down $0.26 during trading hours on Friday, hitting $16.50. The company had a trading volume of 2,054,200 shares, compared to its average volume of 1,454,363. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.36 and a current ratio of 2.58. The firm has a market capitalization of $1,370.00, a PE ratio of 33.31, a PEG ratio of 1.49 and a beta of 0.41. Guess?, Inc. has a 12-month low of $9.56 and a 12-month high of $18.30.
Guess? (NYSE:GES) last posted its earnings results on Tuesday, November 21st. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.01. The company had revenue of $554.00 million during the quarter, compared to analysts’ expectations of $569.75 million. Guess? had a positive return on equity of 4.37% and a negative net margin of 0.10%. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.11 earnings per share. sell-side analysts forecast that Guess?, Inc. will post 0.62 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Wednesday, December 13th will be paid a dividend of $0.225 per share. The ex-dividend date of this dividend is Tuesday, December 12th. This represents a $0.90 annualized dividend and a yield of 5.45%. Guess?’s dividend payout ratio (DPR) is -2,250.00%.
Several equities research analysts recently commented on the company. Zacks Investment Research raised Guess? from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a report on Thursday, November 23rd. Cowen reaffirmed a “hold” rating and issued a $17.00 price target on shares of Guess? in a report on Wednesday, November 22nd. B. Riley reaffirmed a “buy” rating on shares of Guess? in a report on Wednesday, November 1st. Jefferies Group reaffirmed a “hold” rating and issued a $13.00 price target on shares of Guess? in a report on Thursday, September 28th. Finally, Evercore ISI assumed coverage on Guess? in a report on Friday, August 25th. They issued a “buy” rating for the company. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $14.77.
In other Guess? news, Director Kay Isaacson-Leibowitz sold 6,000 shares of the firm’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $16.03, for a total transaction of $96,180.00. Following the completion of the sale, the director now owns 42,433 shares of the company’s stock, valued at $680,200.99. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 29.60% of the stock is owned by company 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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