1 week Ago By Defense World Staff
Legal & General Group Plc lessened its holdings in shares of Guess?, Inc. (NYSE:GES – Free Report) by 6.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC).
The fund owned 72,849 shares of the company’s stock after selling 5,286 shares during the quarter. Legal & General Group Plc owned approximately 0.14% of Guess? worth $1,024,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of Guess? by 7.
6% in the fourth quarter. Vanguard Group Inc. now owns 3,274,565 shares of the company’s stock worth $46,040,000 after purchasing an additional 231,926 shares during the period.
Tieton Capital Management LLC boosted its holdings in Guess? by 95.6% in 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 during the period.
Charles Schwab Investment Management Inc. raised its holdings in Guess? by 13.8% during the fourth quarter.
Charles Schwab Investment Management Inc. now owns 1,383,177 shares of the company’s stock valued at $19,447,000 after acquiring an additional 167,782 shares during the period. KBC Group NV purchased a new position in shares of Guess? in the fourth quarter valued at about $2,349,000.
Finally, Atlas Legacy Advisors LLC bought a new position in shares of Guess? in the fourth quarter worth about $2,191,000. Institutional investors own 61.74% of the company’s stock.
Guess? Trading Up 0.9 %Shares of Guess? stock opened at $11.76 on Monday.
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 firm has a market cap of $609.61 million, a price-to-earnings ratio of 9.
88 and a beta of 1.43. Guess?, Inc.
has a twelve month low of $8.48 and a twelve month high of $27.41.
The business has a 50-day moving average price of $10.74 and a 200-day moving average price of $13.69.
Guess? (NYSE:GES – Get Free Report) last released its quarterly earnings data on Thursday, April 3rd. The company reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.
41 by $0.07. The business had revenue of $932.
25 million for the quarter, compared to the consensus estimate of $916.75 million. Guess? had a return on equity of 23.
29% and a net margin of 3.19%. The company’s revenue was up 4.
6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.01 EPS.
Equities research analysts anticipate that Guess?, Inc. will post 1.92 EPS for the current fiscal year.
Guess? Dividend AnnouncementThe business also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Wednesday, April 16th will be given a dividend of $0.30 per share.
The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $1.20 dividend on an annualized basis and a yield of 10.
20%. Guess?’s dividend payout ratio (DPR) is presently 187.50%.
Guess? announced that its board has authorized a stock buyback plan on Tuesday, March 25th that authorizes the company to buyback $200.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 38.
5% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued. Analyst Upgrades and DowngradesGES has been the topic of a number of research analyst reports.
Telsey Advisory Group reissued a “market perform” rating and issued a $13.00 price target on shares of Guess? in a report on Friday, April 4th. UBS Group reduced their price objective on shares of Guess? from $15.
00 to $12.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 11th.Get Our Latest Stock Report on GESGuess? 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.Further ReadingFive stocks we like better than Guess?About the Markup CalculatorTexas Instruments: Earnings Beat, Upbeat Guidance Fuel RecoveryUtilities Stocks Explained – How and Why to Invest in UtilitiesO’Reilly Automotive: An Anytime Buy for Buy-and-Hold InvestorsBest Stocks Under $5.
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