Guess?, Inc. (GES) Shares Bought by Divisar Capital Management LLC
Divisar Capital Management LLC grew its position in Guess?, Inc. (NYSE:GES) by 843.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 943,671 shares of the company’s stock after acquiring an additional 843,671 shares during the quarter. Guess? comprises about 5.5% of Divisar Capital Management LLC’s portfolio, making the stock its 9th largest position. Divisar Capital Management LLC owned 1.13% of Guess? worth $12,060,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. FMR LLC boosted its stake in shares of Guess? by 1.2% during the 1st quarter. FMR LLC now owns 12,643,167 shares of the company’s stock worth $140,971,000 after purchasing an additional 147,447 shares during the period. Paloma Partners Management Co bought a new position in Guess? during the 1st quarter valued at about $825,000. Contrarius Investment Management Ltd grew its holdings in Guess? by 56.1% during the 2nd quarter. Contrarius Investment Management Ltd now owns 1,016,303 shares of the company’s stock valued at $12,988,000 after purchasing an additional 365,342 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Guess? in the 2nd quarter worth about $1,065,000. Finally, GAM Holding AG raised its position in Guess? by 15.6% in the 2nd quarter. GAM Holding AG now owns 105,170 shares of the company’s stock worth $1,344,000 after purchasing an additional 14,190 shares during the period. 79.49% of the stock is currently owned by institutional investors and hedge funds.
Guess?, Inc. (NYSE GES) traded down 0.64% on Wednesday, reaching $17.11. 261,306 shares of the company’s stock were exchanged. Guess?, Inc. has a one year low of $9.56 and a one year high of $17.54. The firm has a 50 day moving average of $15.44 and a 200-day moving average of $12.64. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of 158.43 and a beta of 0.44.
Guess? (NYSE:GES) last announced its earnings results on Wednesday, August 23rd. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.09. The company had revenue of $573.69 million during the quarter, compared to analysts’ expectations of $559.82 million. Guess? had a return on equity of 4.14% and a net margin of 0.43%. Guess?’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period last year, the business posted $0.14 EPS. Equities research analysts forecast that Guess?, Inc. will post $0.58 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Wednesday, September 6th were given a dividend of $0.225 per share. The ex-dividend date of this dividend was Friday, September 1st. This represents a $0.90 annualized dividend and a dividend yield of 5.23%. Guess?’s dividend payout ratio is presently 818.18%.
In other news, Director Kay Isaacson-Leibowitz sold 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $16.03, for a total value of $96,180.00. Following the completion of the transaction, the director now owns 42,433 shares of the company’s stock, valued at $680,200.99. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 29.60% of the stock is currently owned by corporate insiders.
GES has been the topic of a number of analyst reports. Jefferies Group LLC reaffirmed a “hold” rating and set a $13.00 target price on shares of Guess? in a research note on Thursday, September 28th. Evercore ISI initiated coverage on Guess? in a report on Friday, August 25th. They set a “buy” rating for the company. Zacks Investment Research upgraded Guess? from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a report on Friday, August 25th. Standpoint Research downgraded Guess? from a “buy” rating to a “hold” rating and set a $13.91 price objective on the stock. in a research report on Wednesday, August 9th. Finally, BidaskClub upgraded Guess? from a “hold” rating to a “buy” rating in a research note on Saturday, August 5th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $13.77.
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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