GAM Holding AG Invests $1.09 Million in Guess?, Inc. $GES

GAM Holding AG bought a new position in shares of Guess?, Inc. (NYSE:GES) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 90,000 shares of the company’s stock, valued at approximately $1,088,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GES. GAMMA Investing LLC lifted its holdings in Guess? by 713.0% during the 1st quarter. GAMMA Investing LLC now owns 2,317 shares of the company’s stock valued at $26,000 after buying an additional 2,032 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Guess? by 507.5% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 3,900 shares of the company’s stock valued at $43,000 after acquiring an additional 3,258 shares in the last quarter. CWM LLC raised its stake in shares of Guess? by 3,085.0% during the first quarter. CWM LLC now owns 4,236 shares of the company’s stock valued at $47,000 after acquiring an additional 4,103 shares in the last quarter. US Bancorp DE raised its stake in shares of Guess? by 4,168.7% during the first quarter. US Bancorp DE now owns 4,226 shares of the company’s stock valued at $47,000 after acquiring an additional 4,127 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its stake in shares of Guess? by 20,181.5% during the first quarter. Caitong International Asset Management Co. Ltd now owns 5,476 shares of the company’s stock valued at $61,000 after acquiring an additional 5,449 shares in the last quarter. Institutional investors own 61.74% of the company’s stock.

Guess? Trading Down 0.3%

GES opened at $16.98 on Friday. The firm has a market cap of $885.28 million, a price-to-earnings ratio of 106.10 and a beta of 1.26. The company has a current ratio of 1.52, a quick ratio of 0.76 and a debt-to-equity ratio of 1.10. Guess?, Inc. has a 12 month low of $8.48 and a 12 month high of $18.07. The stock has a fifty day moving average price of $16.83 and a 200-day moving average price of $13.81.

Guess? (NYSE:GES) last announced its earnings results on Wednesday, August 27th. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.10. The business had revenue of $772.94 million during the quarter, compared to the consensus estimate of $758.72 million. Guess? had a net margin of 1.01% and a return on equity of 16.44%. The firm’s revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.42 earnings per share. As a group, equities research analysts anticipate that Guess?, Inc. will post 1.92 earnings per share for the current fiscal year.

Guess? Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Wednesday, September 10th were paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 5.3%. The ex-dividend date was Wednesday, September 10th. Guess?’s payout ratio is 562.50%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Guess? in a research report on Wednesday, October 8th. Zacks Research upgraded Guess? from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 14th. UBS Group increased their target price on shares of Guess? from $13.00 to $16.75 and gave the stock a “neutral” rating in a report on Thursday, August 28th. Small Cap Consu downgraded shares of Guess? from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 28th. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $16.75 price target on shares of Guess? in a report on Thursday, August 28th. One investment analyst has rated the stock with a Strong Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $16.75.

Guess? Profile

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.