Senvest Management LLC Takes $8.25 Million Position in Guess?, Inc. $GES

Senvest Management LLC acquired a new position in shares of Guess?, Inc. (NYSE:GES) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 682,491 shares of the company’s stock, valued at approximately $8,251,000.

Several other large investors also recently modified their holdings of the company. US Bancorp DE boosted its position in 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 during the last quarter. CWM LLC grew its stake in Guess? by 3,085.0% during the first quarter. CWM LLC now owns 4,236 shares of the company’s stock worth $47,000 after purchasing an additional 4,103 shares during the period. Caitong International Asset Management Co. Ltd increased its holdings in Guess? by 20,181.5% in the first quarter. Caitong International Asset Management Co. Ltd now owns 5,476 shares of the company’s stock worth $61,000 after purchasing an additional 5,449 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Guess? by 193.9% during the 2nd quarter. GAMMA Investing LLC now owns 6,809 shares of the company’s stock valued at $82,000 after acquiring an additional 4,492 shares during the period. Finally, Signaturefd LLC boosted its stake in Guess? by 3,479.6% during the first quarter. Signaturefd LLC now owns 6,837 shares of the company’s stock worth $76,000 after acquiring an additional 6,646 shares in the last quarter. 61.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

GES has been the topic of several research reports. Zacks Research lowered shares of Guess? from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 12th. Telsey Advisory Group restated a “market perform” rating and set a $16.75 price objective on shares of Guess? in a report on Thursday, August 28th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Guess? in a report on Wednesday, October 8th. UBS Group boosted their price target on shares of Guess? from $13.00 to $16.75 and gave the company a “neutral” rating in a research note on Thursday, August 28th. Finally, Small Cap Consu lowered shares of Guess? from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 28th. Five equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $16.75.

Guess? Stock Performance

NYSE GES opened at $16.92 on Tuesday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.76 and a current ratio of 1.52. The company has a market capitalization of $882.15 million, a PE ratio of 105.73 and a beta of 1.28. Guess?, Inc. has a 52-week low of $8.48 and a 52-week high of $18.07. The company has a 50-day simple moving average of $16.85 and a 200 day simple moving average of $14.35.

Guess? (NYSE:GES) last posted its quarterly 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. Guess? had a net margin of 1.01% and a return on equity of 16.44%. The company had revenue of $772.94 million for the quarter, compared to analysts’ expectations of $758.72 million. During the same quarter in the previous year, the firm posted $0.42 EPS. Guess?’s revenue was up 5.5% on a year-over-year basis. On average, research analysts predict that Guess?, Inc. will post 1.92 EPS for the current year.

Guess? Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Wednesday, September 10th were given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date was Wednesday, September 10th. Guess?’s dividend payout ratio (DPR) is currently 562.50%.

About Guess?

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.