Corton Capital Inc. Acquires New Stake in Guess?, Inc. $GES

Corton Capital Inc. bought a new position in Guess?, Inc. (NYSE:GES) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 26,211 shares of the company’s stock, valued at approximately $317,000. Corton Capital Inc. owned approximately 0.05% of Guess? at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. GAMMA Investing LLC increased its holdings in shares of Guess? by 713.0% in the 1st quarter. GAMMA Investing LLC now owns 2,317 shares of the company’s stock worth $26,000 after purchasing an additional 2,032 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Guess? by 507.5% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 3,900 shares of the company’s stock worth $43,000 after purchasing an additional 3,258 shares in the last quarter. US Bancorp DE increased its holdings in shares of Guess? by 4,168.7% in the 1st quarter. US Bancorp DE now owns 4,226 shares of the company’s stock worth $47,000 after purchasing an additional 4,127 shares in the last quarter. CWM LLC increased its holdings in shares of Guess? by 3,085.0% in the 1st quarter. CWM LLC now owns 4,236 shares of the company’s stock worth $47,000 after purchasing an additional 4,103 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its holdings in shares of Guess? by 20,181.5% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 5,476 shares of the company’s stock worth $61,000 after purchasing an additional 5,449 shares in the last quarter. Institutional investors own 61.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on GES shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Guess? in a report on Wednesday, October 8th. Small Cap Consu lowered Guess? from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 28th. UBS Group raised their price target on Guess? from $13.00 to $16.75 and gave the stock a “neutral” rating in a research note on Thursday, August 28th. Telsey Advisory Group restated a “market perform” rating and issued a $16.75 price target on shares of Guess? in a research note on Thursday, August 28th. Finally, Zacks Research upgraded Guess? from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $16.75.

Guess? Price Performance

NYSE GES opened at $16.98 on Monday. The company has a market capitalization of $885.28 million, a PE ratio of 106.10 and a beta of 1.26. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.76 and a current ratio of 1.52. The business’s fifty day moving average is $16.83 and its 200 day moving average is $13.87. Guess?, Inc. has a fifty-two week low of $8.48 and a fifty-two week high of $18.07.

Guess? (NYSE:GES) last released its earnings results on Wednesday, August 27th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.10. The company had revenue of $772.94 million for the quarter, compared to the consensus estimate of $758.72 million. Guess? had a return on equity of 16.44% and a net margin of 1.01%.Guess?’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.42 earnings per share. Sell-side analysts predict that Guess?, Inc. will post 1.92 earnings per share for the current year.

Guess? Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Wednesday, September 10th were given a dividend of $0.225 per share. The ex-dividend date was Wednesday, September 10th. This represents a $0.90 annualized dividend and a yield of 5.3%. Guess?’s payout ratio is 562.50%.

Guess? 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, activewear, knitwear, and intimate apparel.