Guess? (NYSE:GES) Shares Up 5.8%

Shares of Guess?, Inc. (NYSE:GES) rose 5.8% during trading on Monday . The stock traded as high as $18.17 and last traded at $18.12, approximately 2,171,324 shares were traded during mid-day trading. An increase of 22% from the average daily volume of 1,775,982 shares. The stock had previously closed at $17.12.

GES has been the subject of several research reports. Cfra set a $16.00 price objective on shares of Guess? and gave the company a “hold” rating in a report on Thursday, August 29th. Zacks Investment Research raised Guess? from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 21st. ValuEngine upgraded Guess? from a “sell” rating to a “hold” rating in a research report on Friday, August 30th. Finally, B. Riley increased their price target on Guess? from $24.00 to $25.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Guess? has an average rating of “Hold” and a consensus price target of $21.20.

The business’s fifty day moving average is $16.20 and its two-hundred day moving average is $17.65. The company has a quick ratio of 0.72, a current ratio of 1.44 and a debt-to-equity ratio of 1.79. The stock has a market capitalization of $1.19 billion, a PE ratio of 19.55, a price-to-earnings-growth ratio of 0.77 and a beta of 0.44.

Guess? (NYSE:GES) last released its quarterly earnings results on Wednesday, August 28th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.09. Guess? had a net margin of 0.52% and a return on equity of 10.85%. The company had revenue of $683.22 million for the quarter, compared to the consensus estimate of $673.78 million. During the same quarter in the prior year, the firm earned $0.36 earnings per share. Guess?’s revenue was up 5.8% on a year-over-year basis. Sell-side analysts expect that Guess?, Inc. will post 1.34 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Wednesday, September 11th will be given a dividend of $0.1125 per share. This represents a $0.45 annualized dividend and a dividend yield of 2.35%. This is a boost from Guess?’s previous quarterly dividend of $0.11. The ex-dividend date is Tuesday, September 10th. Guess?’s dividend payout ratio is currently 45.92%.

In related news, CEO Carlos Alberini purchased 347,353 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The stock was bought at an average price of $14.32 per share, for a total transaction of $4,974,094.96. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 34.90% of the stock is currently owned by company insiders.

Several institutional investors have recently made changes to their positions in the company. DekaBank Deutsche Girozentrale purchased a new position in Guess? in the second quarter valued at $40,000. Bank of Montreal Can boosted its stake in shares of Guess? by 48.4% during the 1st quarter. Bank of Montreal Can now owns 4,065 shares of the company’s stock worth $80,000 after acquiring an additional 1,326 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of Guess? by 30.4% during the 2nd quarter. Royal Bank of Canada now owns 6,304 shares of the company’s stock worth $102,000 after acquiring an additional 1,468 shares in the last quarter. Meridian Wealth Management LLC acquired a new stake in shares of Guess? during the 2nd quarter valued at about $154,000. Finally, ETF Managers Group LLC acquired a new stake in shares of Guess? during the 2nd quarter valued at about $160,000. Hedge funds and other institutional investors own 75.84% of the company’s stock.

About Guess? (NYSE:GES)

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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