Guess’ (NYSE:GES) Trading Up 5.4%

Guess’, Inc. (NYSE:GESGet Rating) shares shot up 5.4% during mid-day trading on Friday . The stock traded as high as $19.70 and last traded at $19.70. 21,332 shares traded hands during mid-day trading, a decline of 97% from the average session volume of 667,901 shares. The stock had previously closed at $18.69.

Analyst Ratings Changes

Several research firms have recently issued reports on GES. TheStreet raised Guess’ from a “c” rating to a “b-” rating in a research report on Wednesday, August 24th. StockNews.com began coverage on Guess’ in a research report on Wednesday, October 12th. They issued a “hold” rating for the company.

Guess’ Price Performance

The firm has a fifty day moving average of $16.45 and a 200 day moving average of $18.10. The company has a market capitalization of $1.08 billion, a P/E ratio of 10.09 and a beta of 1.89. The company has a current ratio of 1.45, a quick ratio of 0.74 and a debt-to-equity ratio of 0.90.

Guess’ (NYSE:GESGet Rating) last released its quarterly earnings data on Wednesday, August 24th. The company reported $0.39 EPS for the quarter, missing the consensus estimate 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 the consensus estimate of $629.52 million. During the same quarter in the previous year, the business posted $0.96 earnings per share. Guess”s quarterly revenue was up 2.2% compared to the same quarter last year. On average, equities research analysts anticipate that Guess’, Inc. will post 2.63 EPS for the current year.

Guess’ Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 23rd. Investors of record on Wednesday, September 7th were issued a $0.225 dividend. The ex-dividend date was Tuesday, September 6th. This represents a $0.90 annualized dividend and a yield of 4.55%. Guess”s payout ratio is 45.92%.

Insider Buying and Selling

In related news, Director Anthony Chidoni sold 10,000 shares of Guess’ stock in a transaction dated Monday, September 19th. The stock was sold at an average price of $16.60, for a total value of $166,000.00. Following the completion of the sale, the director now directly owns 199,552 shares in the company, valued at approximately $3,312,563.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 41.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Guess’

Large investors have recently made changes to their positions in the company. DB Wealth Management Group LLC bought a new stake in shares of Guess’ during the 1st quarter valued at about $26,000. Amundi bought a new stake in shares of Guess’ during the 2nd quarter valued at about $25,000. B. Riley Wealth Management Inc. bought a new stake in shares of Guess’ during the 2nd quarter valued at about $42,625,000. PNC Financial Services Group Inc. grew its stake 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 valued at $59,000 after purchasing an additional 581 shares during the period. Finally, KBC Group NV bought a new stake in shares of Guess’ during the 2nd quarter valued at about $57,000. 57.68% of the stock is currently owned by institutional investors.

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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