2 weeks Ago By ABMN Staff
Invesco Ltd. reduced its holdings in Guess?, Inc. ( NYSE:GES – Free Report ) by 18.
6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 539,980 shares of the company’s stock after selling 123,227 shares during the period. Invesco Ltd.
’s holdings in Guess? were worth $7,592,000 at the end of the most recent reporting period. A number of other institutional investors have also recently bought and sold shares of GES. Vanguard Group Inc.
boosted its position in Guess? by 7.6% during the fourth quarter. Vanguard Group Inc.
now owns 3,274,565 shares of the company’s stock valued at $46,040,000 after purchasing an additional 231,926 shares during the last quarter. Tieton Capital Management LLC raised its stake in shares of Guess? by 95.6% during the 4th quarter.
Tieton Capital Management LLC now owns 463,726 shares of the company’s stock worth $6,520,000 after purchasing an additional 226,705 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Guess? by 13.
8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,383,177 shares of the company’s stock valued at $19,447,000 after buying an additional 167,782 shares during the last quarter.
KBC Group NV bought a new stake in shares of Guess? in the 4th quarter valued at approximately $2,349,000. Finally, Atlas Legacy Advisors LLC acquired a new position in Guess? in the fourth quarter worth approximately $2,191,000. 61.
74% of the stock is currently owned by institutional investors and hedge funds. Guess? Trading Up 17.4 % Shares of GES stock opened at $11.
67 on Friday. The company has a market cap of $604.95 million, a PE ratio of 9.
81 and a beta of 1.43. Guess?, Inc.
has a 12 month low of $8.48 and a 12 month high of $27.41.
The company has a quick ratio of 0.74, a current ratio of 1.54 and a debt-to-equity ratio of 1.
18. The business’s 50 day moving average is $10.75 and its two-hundred day moving average is $13.
82. Guess? Dividend Announcement The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Wednesday, April 16th will be paid a $0.
30 dividend. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $1.
20 annualized dividend and a dividend yield of 10.28%. Guess?’s payout ratio is 187.
50%. Guess? announced that its Board of Directors has authorized a share repurchase plan on Tuesday, March 25th that authorizes the company to repurchase $200.00 million in shares.
This repurchase authorization authorizes the company to purchase up to 38.5% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.
Wall Street Analyst Weigh In GES has been the subject of several recent research reports. UBS Group decreased their target price on shares of Guess? from $15.00 to $12.
00 and set a “neutral” rating for the company in a research report on Tuesday, March 11th. Telsey Advisory Group reiterated a “market perform” rating and issued a $13.00 price objective on shares of Guess? in a report on Friday, April 4th.
Check Out Our Latest Research Report on Guess? 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.
See Also Want to see what other hedge funds are holding GES? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Guess?, Inc. ( NYSE:GES – Free Report ).
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