Range Financial Group LLC Purchases Shares of 56,681 Guess?, Inc. (NYSE:GES)

Range Financial Group LLC purchased a new position in shares of Guess?, Inc. (NYSE:GESFree Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 56,681 shares of the company’s stock, valued at approximately $1,784,000. Guess? makes up 0.9% of Range Financial Group LLC’s portfolio, making the stock its 29th largest position. Range Financial Group LLC owned about 0.11% of Guess? as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Quest Partners LLC acquired a new stake in Guess? during the 4th quarter worth $49,000. Nisa Investment Advisors LLC lifted its position in Guess? by 405.6% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,867 shares of the company’s stock worth $66,000 after acquiring an additional 2,300 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Guess? by 19.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,838 shares of the company’s stock valued at $135,000 after purchasing an additional 944 shares during the period. DekaBank Deutsche Girozentrale purchased a new stake in shares of Guess? during the third quarter worth approximately $201,000. Finally, Numerai GP LLC purchased a new position in Guess? in the 3rd quarter valued at $238,000. 61.74% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Guess?

In other Guess? news, CEO Carlos Alberini sold 138,203 shares of the stock in a transaction on Monday, April 8th. The shares were sold at an average price of $30.53, for a total transaction of $4,219,337.59. Following the sale, the chief executive officer now directly owns 1,131,575 shares of the company’s stock, valued at $34,546,984.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 30.30% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

GES has been the topic of a number of analyst reports. Jefferies Financial Group lifted their price objective on Guess? from $24.00 to $29.00 and gave the company a “hold” rating in a report on Thursday, March 21st. Telsey Advisory Group restated a “market perform” rating and set a $30.00 target price on shares of Guess? in a research report on Wednesday, May 29th. UBS Group cut their price target on shares of Guess? from $32.00 to $29.00 and set a “neutral” rating for the company in a report on Thursday, May 23rd. StockNews.com downgraded shares of Guess? from a “buy” rating to a “hold” rating in a report on Monday, June 3rd. Finally, B. Riley reaffirmed a “buy” rating and issued a $37.00 target price (up from $33.00) on shares of Guess? in a report on Monday, April 8th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $31.25.

Get Our Latest Analysis on GES

Guess? Trading Up 0.5 %

Shares of GES stock traded up $0.10 during trading hours on Monday, hitting $20.62. 1,425,708 shares of the company were exchanged, compared to its average volume of 1,271,948. The firm has a fifty day moving average of $24.67 and a 200 day moving average of $24.90. The company has a quick ratio of 0.85, a current ratio of 1.57 and a debt-to-equity ratio of 0.92. Guess?, Inc. has a 1 year low of $17.92 and a 1 year high of $33.50. The firm has a market cap of $1.10 billion, a PE ratio of 6.13 and a beta of 1.90.

Guess? (NYSE:GESGet Free Report) last issued its earnings results on Thursday, May 30th. The company reported ($0.27) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.40) by $0.13. The firm had revenue of $591.90 million for the quarter, compared to analysts’ expectations of $574.64 million. Guess? had a return on equity of 26.92% and a net margin of 7.97%. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.07) earnings per share. Analysts expect that Guess?, Inc. will post 2.91 earnings per share for the current year.

Guess? declared that its Board of Directors has initiated a share buyback program on Monday, April 1st that allows the company to buyback $200.00 million in shares. This buyback authorization allows the company to buy up to 14.7% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board believes its stock is undervalued.

Guess? Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Wednesday, June 12th will be paid a dividend of $0.30 per share. The ex-dividend date is Wednesday, June 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.82%. Guess?’s dividend payout ratio is currently 35.82%.

Guess? Company 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.

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

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