1 week Ago By ABMN Staff
Legal & General Group Plc reduced its holdings in shares of Guess?, Inc. ( NYSE:GES – Free Report ) by 6.8% in the fourth quarter, Holdings Channel.
com reports. The fund owned 72,849 shares of the company’s stock after selling 5,286 shares during the quarter. Legal & General Group Plc’s holdings in Guess? were worth $1,024,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Guess? by 7.
6% during the fourth quarter. Vanguard Group Inc. now owns 3,274,565 shares of the company’s stock worth $46,040,000 after acquiring an additional 231,926 shares during the period.
KBC Group NV purchased a new position in Guess? during the 4th quarter worth $2,349,000. Atlas Legacy Advisors LLC bought a new stake in Guess? during the 4th quarter valued at $2,191,000. Charles Schwab Investment Management Inc.
lifted its holdings in shares of Guess? by 13.8% in the 4th quarter. Charles Schwab Investment Management Inc.
now owns 1,383,177 shares of the company’s stock worth $19,447,000 after buying an additional 167,782 shares during the period. Finally, Tieton Capital Management LLC grew its position 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 buying an additional 226,705 shares in the last quarter. Hedge funds and other institutional investors own 61.74% of the company’s stock.
Guess? Price Performance Shares of GES stock opened at $11.76 on Monday. The stock’s 50-day moving average is $10.
74 and its 200 day moving average is $13.69. Guess?, Inc.
has a 1-year low of $8.48 and a 1-year high of $27.41.
The company has a debt-to-equity ratio of 1.18, a current ratio of 1.54 and a quick ratio of 0.
74. The company has a market cap of $609.61 million, a P/E ratio of 9.
88 and a beta of 1.43. Guess? declared that its Board of Directors has initiated a stock buyback plan on Tuesday, March 25th that allows the company to buyback $200.
00 million in outstanding shares. This buyback authorization allows the company to purchase up to 38.5% of its shares through open market purchases.
Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued. Guess? Dividend Announcement The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Wednesday, April 16th will be given a $0.
30 dividend. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $1.
20 dividend on an annualized basis and a dividend yield of 10.20%. Guess?’s payout ratio is 187.
50%. Wall Street Analysts Forecast Growth GES has been the subject of a number of research reports. UBS Group lowered their price objective on shares of Guess? from $15.
00 to $12.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. Telsey Advisory Group reiterated a “market perform” rating and set a $13.
00 price objective on shares of Guess? in a research note on Friday, April 4th. View Our Latest Stock Report on Guess? Guess? 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. Further Reading 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 ). Receive News & Ratings for Guess? Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Guess? and related companies with MarketBeat.com's FREE daily email newsletter .
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