Caxton Associates LP acquired a new stake in Guess?, Inc. (NYSE:GES - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 40,821 shares of the company's stock, valued at approximately $833,000. Caxton Associates LP owned approximately 0.08% of Guess? as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in GES. Quest Partners LLC acquired a new stake in Guess? during the 4th quarter valued at $49,000. Hsbc Holdings PLC boosted its position in Guess? by 20.0% in the 4th quarter. Hsbc Holdings PLC now owns 63,040 shares of the company's stock valued at $1,459,000 after buying an additional 10,522 shares during the last quarter. Allianz Asset Management GmbH grew its stake in shares of Guess? by 17.9% during the fourth quarter. Allianz Asset Management GmbH now owns 144,637 shares of the company's stock valued at $3,335,000 after acquiring an additional 21,953 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Guess? during the fourth quarter worth about $1,028,000. Finally, Nomura Holdings Inc. lifted its stake in shares of Guess? by 12.7% in the fourth quarter. Nomura Holdings Inc. now owns 800,163 shares of the company's stock worth $18,452,000 after acquiring an additional 90,205 shares in the last quarter. Hedge funds and other institutional investors own 61.74% of the company's stock.
GES has been the subject of a number of recent analyst reports. Telsey Advisory Group lowered their price objective on Guess? from $26.00 to $21.00 and set a "market perform" rating for the company in a research note on Thursday, August 29th. StockNews.com lowered shares of Guess? from a "buy" rating to a "hold" rating in a research note on Monday, June 3rd. Finally, UBS Group reduced their price objective on shares of Guess? from $24.00 to $22.00 and set a "neutral" rating on the stock in a research note on Friday, August 30th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $27.25.
View Our Latest Stock Report on GES
Shares of NYSE GES opened at $19.94 on Friday. The company has a current ratio of 1.47, a quick ratio of 0.76 and a debt-to-equity ratio of 1.01. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of 5.95 and a beta of 1.92. Guess?, Inc. has a twelve month low of $18.52 and a twelve month high of $33.50. The business has a 50 day simple moving average of $21.21 and a 200-day simple moving average of $23.75.
Guess? (NYSE:GES - Get Free Report) last issued its earnings results on Wednesday, August 28th. The company reported $0.42 earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by ($0.01). Guess? had a return on equity of 24.18% and a net margin of 6.05%. The business had revenue of $732.60 million for the quarter, compared to analyst estimates of $729.96 million. During the same period last year, the company posted $0.72 earnings per share. The firm's revenue for the quarter was up 10.2% on a year-over-year basis. As a group, equities research analysts expect that Guess?, Inc. will post 2.63 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Wednesday, September 11th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 6.02%. The ex-dividend date of this dividend is Wednesday, September 11th. Guess?'s dividend payout ratio (DPR) is presently 35.82%.
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.
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