EMC Capital Management Acquires 1,070 Shares of Guess?, Inc. (NYSE:GES)

EMC Capital Management lifted its position in Guess?, Inc. (NYSE:GESFree Report) by 13.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,005 shares of the company’s stock after purchasing an additional 1,070 shares during the quarter. EMC Capital Management’s holdings in Guess? were worth $195,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in GES. PNC Financial Services Group Inc. grew its position in Guess? by 27.5% during the first quarter. PNC Financial Services Group Inc. now owns 2,692 shares of the company’s stock worth $59,000 after buying an additional 581 shares in the last quarter. MetLife Investment Management LLC grew its position in Guess? by 48.5% during the first quarter. MetLife Investment Management LLC now owns 22,428 shares of the company’s stock worth $490,000 after buying an additional 7,322 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Guess? by 14.1% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 33,609 shares of the company’s stock worth $734,000 after buying an additional 4,152 shares in the last quarter. APG Asset Management N.V. purchased a new position in Guess? during the first quarter worth about $391,000. Finally, Great West Life Assurance Co. Can grew its position in Guess? by 6.0% during the first quarter. Great West Life Assurance Co. Can now owns 37,147 shares of the company’s stock worth $833,000 after buying an additional 2,112 shares in the last quarter. Hedge funds and other institutional investors own 61.74% of the company’s stock.

Insider Buying and Selling

In related news, insider Paul Marciano sold 300,000 shares of the firm’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $23.55, for a total value of $7,065,000.00. Following the sale, the insider now directly owns 4,325,109 shares of the company’s stock, valued at $101,856,316.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Paul Marciano sold 300,000 shares of the firm’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $23.55, for a total value of $7,065,000.00. Following the sale, the insider now directly owns 4,325,109 shares of the company’s stock, valued at $101,856,316.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Maurice Marciano sold 600,000 shares of the firm’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $23.55, for a total transaction of $14,130,000.00. Following the completion of the sale, the insider now owns 1,200,000 shares of the company’s stock, valued at $28,260,000. The disclosure for this sale can be found here. Insiders have sold 1,200,000 shares of company stock valued at $27,979,500 over the last ninety days. 41.00% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms recently commented on GES. Jefferies Financial Group restated a “hold” rating and set a $24.00 target price (down from $25.00) on shares of Guess? in a research report on Thursday, January 4th. StockNews.com cut Guess? from a “buy” rating to a “hold” rating in a research report on Wednesday, November 22nd. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $23.00 price objective on shares of Guess? in a report on Thursday, November 16th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $25.00.

Get Our Latest Report on GES

Guess? Stock Up 1.6 %

Shares of NYSE:GES opened at $23.73 on Tuesday. The stock’s 50-day moving average price is $22.99 and its 200-day moving average price is $22.27. Guess?, Inc. has a 12-month low of $17.21 and a 12-month high of $24.84. The stock has a market capitalization of $1.27 billion, a P/E ratio of 9.09 and a beta of 1.96. The company has a current ratio of 1.47, a quick ratio of 0.80 and a debt-to-equity ratio of 0.72.

Guess? (NYSE:GESGet Free Report) last announced its quarterly earnings data on Tuesday, November 21st. The company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.13). Guess? had a net margin of 6.61% and a return on equity of 29.94%. The company had revenue of $651.00 million for the quarter, compared to the consensus estimate of $655.52 million. During the same period last year, the business posted $0.44 earnings per share. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. On average, equities analysts anticipate that Guess?, Inc. will post 2.7 earnings per share for the current year.

Guess? Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 22nd. Stockholders of record on Wednesday, December 6th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, December 5th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.06%. Guess?’s dividend payout ratio (DPR) is currently 45.98%.

About Guess?

(Free Report)

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, activewear, knitwear, and intimate apparel.

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

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