Prudential Financial Inc. reduced its position in shares of Guess?, Inc. (NYSE:GES) by 0.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 104,327 shares of the company’s stock after selling 90 shares during the period. Prudential Financial Inc. owned approximately 0.13% of Guess? worth $1,163,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Trust Department MB Financial Bank N A purchased a new position in Guess? during the first quarter worth about $112,000. Mason Street Advisors LLC boosted its position in Guess? by 7.0% in the first quarter. Mason Street Advisors LLC now owns 14,400 shares of the company’s stock worth $161,000 after buying an additional 943 shares during the period. A.R.T. Advisors LLC purchased a new position in Guess? during the fourth quarter worth about $214,000. Sigma Planning Corp boosted its position in shares of Guess? by 3.7% in the first quarter. Sigma Planning Corp now owns 18,900 shares of the company’s stock valued at $211,000 after buying an additional 675 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky boosted its position in shares of Guess? by 95.6% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 22,300 shares of the company’s stock valued at $270,000 after buying an additional 10,900 shares during the last quarter. 77.85% of the stock is currently owned by institutional investors.
Guess?, Inc. (NYSE:GES) traded up 1.66% during midday trading on Tuesday, hitting $14.11. 1,467,379 shares of the stock were exchanged. The firm’s 50-day moving average price is $12.42 and its 200 day moving average price is $11.89. The firm has a market capitalization of $1.17 billion, a P/E ratio of 45.22 and a beta of 0.42. Guess?, Inc. has a 1-year low of $9.56 and a 1-year high of $18.68.
Guess? (NYSE:GES) last announced its earnings results on Wednesday, May 24th. The company reported ($0.24) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.32) by $0.08. The business had revenue of $458.60 million for the quarter, compared to the consensus estimate of $449.22 million. Guess? had a net margin of 1.20% and a return on equity of 3.67%. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.23) earnings per share. Analysts expect that Guess?, Inc. will post $0.40 earnings per share for the current fiscal year.
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Several equities analysts have recently weighed in on GES shares. Jefferies Group LLC restated a “hold” rating and issued a $11.00 price objective on shares of Guess? in a report on Friday, July 14th. Zacks Investment Research upgraded Guess? from a “sell” rating to a “hold” rating in a report on Monday, May 22nd. FBR & Co started coverage on Guess? in a report on Tuesday, July 11th. They set an “outperform” rating and a $16.00 price target for the company. BidaskClub upgraded Guess? from a “hold” rating to a “buy” rating in a report on Friday, June 30th. Finally, Cowen and Company set a $11.00 price target on Guess? and gave the stock a “hold” rating in a report on Friday, July 28th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $12.78.
In related news, CEO Amigo Victor Herrero purchased 3,274 shares of the business’s stock in a transaction dated Monday, June 26th. The shares were purchased at an average cost of $11.70 per share, for a total transaction of $38,305.80. Following the completion of the acquisition, the chief executive officer now owns 392,848 shares in the company, valued at approximately $4,596,321.60. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 29.60% of the company’s stock.
Guess?, Inc designs, markets, distributes and licenses a lifestyle collections of apparel and accessories for men, women and children. The Company operates through five segments: Americas Retail, Europe, Asia, Americas Wholesale and Licensing. The Americas Retail segment includes the Company’s retail and e-commerce operations in North and Central America and its retail operations in South America.
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