Seven Eight Capital LP Makes New Investment in Guess?, Inc. (NYSE:GES)

Seven Eight Capital LP purchased a new stake in shares of Guess?, Inc. (NYSE:GESFree Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 25,659 shares of the company’s stock, valued at approximately $555,000.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Guess? by 4.2% in the first quarter. Vanguard Group Inc. now owns 4,555,857 shares of the company’s stock valued at $99,546,000 after buying an additional 184,983 shares during the period. Dimensional Fund Advisors LP lifted its stake in Guess? by 1.3% in the first quarter. Dimensional Fund Advisors LP now owns 3,970,545 shares of the company’s stock valued at $86,760,000 after buying an additional 50,371 shares during the period. State Street Corp raised its position in shares of Guess? by 2.2% in the 2nd quarter. State Street Corp now owns 1,499,678 shares of the company’s stock valued at $29,169,000 after acquiring an additional 32,367 shares during the period. Marshall Wace LLP boosted its stake in Guess? by 134.2% during the 2nd quarter. Marshall Wace LLP now owns 1,439,324 shares of the company’s stock worth $27,995,000 after acquiring an additional 824,836 shares during the last quarter. Finally, LSV Asset Management grew its holdings in Guess? by 147.8% during the third quarter. LSV Asset Management now owns 1,378,389 shares of the company’s stock valued at $29,828,000 after purchasing an additional 822,089 shares during the period. Institutional investors and hedge funds own 61.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on GES shares. StockNews.com cut shares of Guess? from a “buy” rating to a “hold” rating in a research report on Wednesday, November 22nd. Jefferies Financial Group reissued a “hold” rating and set a $24.00 price objective (down previously from $25.00) on shares of Guess? in a research report on Thursday, January 4th. B. Riley reaffirmed a “buy” rating and issued a $33.00 target price (up from $31.00) on shares of Guess? in a research note on Wednesday, February 21st. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $23.00 price target on shares of Guess? in a report on Tuesday, February 20th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $25.50.

Read Our Latest Stock Report on Guess?

Guess? Stock Performance

Shares of GES stock opened at $25.67 on Friday. Guess?, Inc. has a one year low of $17.21 and a one year high of $26.20. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.47 and a quick ratio of 0.80. The business’s 50 day simple moving average is $23.70 and its 200 day simple moving average is $22.84. The stock has a market capitalization of $1.38 billion, a PE ratio of 9.84 and a beta of 1.96.

Insider Transactions at Guess?

In other Guess? news, major shareholder Maurice Marciano sold 600,000 shares of the stock in a transaction that occurred on 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 transaction, the insider now directly owns 1,200,000 shares in the company, valued at approximately $28,260,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Guess? news, insider Paul Marciano sold 300,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the insider now owns 4,325,109 shares of the company’s stock, valued at $101,856,316.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Maurice Marciano sold 600,000 shares of the company’s stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $23.55, for a total value of $14,130,000.00. Following the transaction, the insider now directly owns 1,200,000 shares in the company, valued at $28,260,000. The disclosure for this sale can be found here. Corporate insiders own 49.10% of the company’s stock.

Guess? Profile

(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.

See Also

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

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