SG Americas Securities LLC Sells 72,337 Shares of Guess?, Inc. (GES)
SG Americas Securities LLC reduced its position in Guess?, Inc. (NYSE:GES) by 86.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,990 shares of the company’s stock after selling 72,337 shares during the quarter. SG Americas Securities LLC’s holdings in Guess? were worth $187,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Bank of New York Mellon Corp raised its stake in Guess? by 21.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,343,471 shares of the company’s stock valued at $56,938,000 after purchasing an additional 587,533 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its stake in shares of Guess? by 27.4% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 38,540 shares of the company’s stock worth $656,000 after acquiring an additional 8,280 shares during the last quarter. Sei Investments Co. increased its stake in shares of Guess? by 47,233.7% in the 3rd quarter. Sei Investments Co. now owns 39,287 shares of the company’s stock worth $669,000 after acquiring an additional 39,204 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of Guess? by 32.5% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 47,587 shares of the company’s stock worth $810,000 after acquiring an additional 11,679 shares during the last quarter. Finally, DSAM Partners London Ltd acquired a new stake in shares of Guess? in the 3rd quarter worth $6,478,000. 82.38% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have issued reports on GES. B. Riley reaffirmed a “buy” rating on shares of Guess? in a research note on Wednesday, November 1st. Zacks Investment Research downgraded Guess? from a “buy” rating to a “hold” rating in a research note on Friday, December 15th. Jefferies Group reaffirmed a “hold” rating and issued a $13.00 target price on shares of Guess? in a research note on Thursday, September 28th. Finally, Cowen reaffirmed a “hold” rating and issued a $17.00 target price on shares of Guess? in a research note on Wednesday, November 22nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $15.10.
Guess?, Inc. (NYSE:GES) opened at $17.53 on Friday. The firm has a market capitalization of $1,410.00, a price-to-earnings ratio of -438.25, a PEG ratio of 1.66 and a beta of 0.43. The company has a current ratio of 2.58, a quick ratio of 1.36 and a debt-to-equity ratio of 0.04. Guess?, Inc. has a twelve month low of $9.56 and a twelve month high of $18.30.
Guess? (NYSE:GES) last released its quarterly earnings results on Tuesday, November 21st. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. The business had revenue of $554.00 million during the quarter, compared to analysts’ expectations of $569.75 million. Guess? had a positive return on equity of 4.35% and a negative net margin of 0.10%. The company’s revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.11 EPS. research analysts predict that Guess?, Inc. will post 0.62 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Wednesday, December 13th will be issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.13%. The ex-dividend date of this dividend is Tuesday, December 12th. Guess?’s dividend payout ratio is presently -2,250.00%.
In other news, Director Kay Isaacson-Leibowitz sold 4,000 shares of the stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $17.73, for a total transaction of $70,920.00. Following the completion of the transaction, the director now directly owns 38,433 shares in the company, valued at approximately $681,417.09. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 29.60% of the company’s stock.
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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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