Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Guess?, Inc. (NYSE:GES) during the 2nd quarter, HoldingsChannel reports. The firm bought 12,330 shares of the company’s stock, valued at approximately $264,000.

Other institutional investors have also bought and sold shares of the company. Swiss National Bank lifted its holdings in Guess? by 4.2% in the first quarter. Swiss National Bank now owns 108,700 shares of the company’s stock valued at $2,254,000 after acquiring an additional 4,400 shares during the period. Campbell & CO Investment Adviser LLC acquired a new position in Guess? in the first quarter valued at approximately $317,000. Robeco Institutional Asset Management B.V. acquired a new position in Guess? in the first quarter valued at approximately $242,000. Engineers Gate Manager LP acquired a new position in Guess? in the first quarter valued at approximately $1,468,000. Finally, BlackRock Inc. lifted its holdings in Guess? by 1.8% in the first quarter. BlackRock Inc. now owns 7,748,176 shares of the company’s stock valued at $160,697,000 after acquiring an additional 138,822 shares during the period. 70.50% of the stock is currently owned by hedge funds and other institutional investors.

Shares of GES stock opened at $22.18 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.24 and a quick ratio of 1.39. The company has a market cap of $1.90 billion, a PE ratio of 31.69, a price-to-earnings-growth ratio of 1.29 and a beta of 0.13. Guess?, Inc. has a 1-year low of $14.17 and a 1-year high of $26.95.

Guess? (NYSE:GES) last announced its earnings results on Wednesday, August 29th. The company reported $0.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.04. The business had revenue of $645.87 million during the quarter, compared to the consensus estimate of $650.61 million. Guess? had a return on equity of 8.15% and a net margin of 0.10%. The business’s quarterly revenue was up 13.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.19 EPS. sell-side analysts forecast that Guess?, Inc. will post 1.04 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Wednesday, September 12th will be paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 4.06%. The ex-dividend date of this dividend is Tuesday, September 11th. Guess?’s payout ratio is 128.57%.

A number of research analysts have issued reports on the company. Zacks Investment Research raised Guess? from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a report on Thursday, July 12th. TheStreet raised Guess? from a “c+” rating to a “b” rating in a report on Thursday, August 30th. Telsey Advisory Group boosted their price target on Guess? from $26.00 to $28.00 and gave the company a “market perform” rating in a report on Thursday, August 30th. Finally, ValuEngine downgraded Guess? from a “strong-buy” rating to a “buy” rating in a report on Friday, June 1st. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Guess? presently has an average rating of “Buy” and a consensus price target of $22.80.

In other Guess? news, Director Gianluca Bolla bought 2,832 shares of Guess? stock in a transaction dated Thursday, August 30th. The stock was acquired at an average cost of $26.00 per share, with a total value of $73,632.00. Following the purchase, the director now directly owns 63,936 shares in the company, valued at approximately $1,662,336. The acquisition was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 31.30% of the company’s stock.

Guess? Company Profile

Guess?, Inc designs, markets, distributes, and licenses lifestyle collections of apparel and accessories for men, women, and children. It operates through five segments: Americas Retail, Americas Wholesale, Europe, Asia, and Licensing. The company's clothing collection includes jeans, pants, skirts, dresses, shorts, blouses, shirts, jackets, knitwear, and intimate apparel.

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Institutional Ownership by Quarter for Guess? (NYSE:GES)

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