Texas Permanent School Fund Sells 1,352 Shares of Guess’, Inc. (NYSE:GES)

Texas Permanent School Fund decreased its position in shares of Guess’, Inc. (NYSE:GESGet Rating) by 4.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,287 shares of the company’s stock after selling 1,352 shares during the quarter. Texas Permanent School Fund’s holdings in Guess’ were worth $448,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. PNC Financial Services Group Inc. boosted its holdings 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 acquiring an additional 581 shares in the last quarter. DB Wealth Management Group LLC acquired a new stake in shares of Guess’ during the 1st quarter valued at $26,000. Captrust Financial Advisors boosted its holdings in shares of Guess’ by 34.7% during the 1st quarter. Captrust Financial Advisors now owns 5,175 shares of the company’s stock valued at $114,000 after acquiring an additional 1,334 shares in the last quarter. Foundry Partners LLC boosted its holdings in shares of Guess’ by 1.8% during the 2nd quarter. Foundry Partners LLC now owns 79,239 shares of the company’s stock valued at $1,351,000 after acquiring an additional 1,382 shares in the last quarter. Finally, Great West Life Assurance Co. Can lifted its holdings in Guess’ by 6.0% during the 1st quarter. Great West Life Assurance Co. Can now owns 37,147 shares of the company’s stock worth $833,000 after buying an additional 2,112 shares during the period. Institutional investors and hedge funds own 57.68% of the company’s stock.

Insider Activity

In other news, Director Anthony Chidoni sold 10,000 shares of the business’s 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 transaction, the director now directly owns 199,552 shares of the company’s stock, valued at approximately $3,312,563.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 41.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have commented on the company. TheStreet raised Guess’ from a “c” rating to a “b-” rating in a report on Wednesday, August 24th. StockNews.com assumed coverage on Guess’ in a report on Wednesday, October 12th. They set a “hold” rating on the stock.

Guess’ Stock Up 1.5 %

Shares of GES opened at $19.75 on Wednesday. The company has a market capitalization of $1.08 billion, a PE ratio of 10.08 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. The stock’s 50-day moving average price is $16.56 and its two-hundred day moving average price is $18.03. Guess’, Inc. has a 12 month low of $14.27 and a 12 month high of $25.27.

Guess’ (NYSE:GESGet Rating) last announced its quarterly earnings data on Tuesday, November 22nd. The company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.11). The business had revenue of $633.40 million during the quarter, compared to analyst estimates of $614.00 million. Guess’ had a net margin of 4.86% and a return on equity of 28.40%. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.62 earnings per share. On average, analysts anticipate that Guess’, Inc. will post 2.63 EPS for the current year.

Guess’ Company Profile

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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.

Featured Stories

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Institutional Ownership by Quarter for Guess' (NYSE:GES)

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