Guess’, Inc. (NYSE:GES) Director Anthony Chidoni Sells 10,000 Shares

Guess’, Inc. (NYSE:GESGet Rating) Director Anthony Chidoni sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, September 19th. The stock was sold at an average price of $16.60, for a total value of $166,000.00. Following the sale, the director now directly owns 199,552 shares in the company, valued at $3,312,563.20. The sale was disclosed in a filing with the SEC, which is available through this link.

Guess’ Stock Performance

NYSE:GES opened at $15.63 on Friday. The stock’s fifty day moving average is $18.34 and its 200 day moving average is $19.65. Guess’, Inc. has a fifty-two week low of $15.46 and a fifty-two week high of $25.27. The firm has a market capitalization of $850.87 million, a PE ratio of 7.97 and a beta of 1.90. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.74 and a current ratio of 1.45.

Guess’ (NYSE:GESGet Rating) last released its earnings results on Wednesday, August 24th. The company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.02). Guess’ had a return on equity of 28.40% and a net margin of 4.86%. The business had revenue of $643.00 million during the quarter, compared to analysts’ expectations of $629.52 million. During the same quarter in the previous year, the business earned $0.96 EPS. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, sell-side analysts anticipate that Guess’, Inc. will post 2.63 earnings per share for the current year.

Guess’ Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 23rd. Shareholders of record on Wednesday, September 7th will be paid a $0.225 dividend. The ex-dividend date of this dividend is Tuesday, September 6th. This represents a $0.90 dividend on an annualized basis and a yield of 5.76%. Guess”s payout ratio is 45.92%.

Institutional Trading of Guess’

A number of hedge funds and other institutional investors have recently bought and sold shares of GES. Amundi purchased a new stake in Guess’ in the second quarter worth $25,000. DB Wealth Management Group LLC bought a new position in shares of Guess’ during the 1st quarter worth $26,000. Advisor Group Holdings Inc. grew its position in shares of Guess’ by 292.3% during the 4th quarter. Advisor Group Holdings Inc. now owns 2,342 shares of the company’s stock worth $56,000 after buying an additional 1,745 shares in the last quarter. KBC Group NV bought a new position in shares of Guess’ during the 2nd quarter worth $57,000. Finally, PNC Financial Services Group Inc. grew its position in shares of Guess’ by 27.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,692 shares of the company’s stock worth $59,000 after buying an additional 581 shares in the last quarter. Hedge funds and other institutional investors own 57.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. B. Riley decreased their price objective on Guess’ from $36.00 to $29.00 and set a “buy” rating on the stock in a report on Thursday, May 26th. StockNews.com lowered Guess’ from a “buy” rating to a “hold” rating in a report on Monday, May 30th. Finally, TheStreet upgraded Guess’ from a “c” rating to a “b-” rating in a report on Wednesday, August 24th.

About Guess’

(Get Rating)

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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