State of Alaska Department of Revenue Trims Position in Guess’, Inc. (NYSE:GES)

State of Alaska Department of Revenue lessened its stake in shares of Guess’, Inc. (NYSE:GESGet Rating) by 14.7% in the third quarter, Holdings Channel reports. The institutional investor owned 23,106 shares of the company’s stock after selling 3,985 shares during the quarter. State of Alaska Department of Revenue’s holdings in Guess’ were worth $338,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. PNC Financial Services Group Inc. grew its holdings in 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 buying an additional 581 shares in the last quarter. Captrust Financial Advisors grew its holdings in 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 buying an additional 1,334 shares in the last quarter. Foundry Partners LLC grew its holdings in 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 buying an additional 1,382 shares in the last quarter. Amundi purchased a new position in Guess’ during the 2nd quarter valued at about $25,000. Finally, Moors & Cabot Inc. grew its holdings in Guess’ by 2.9% during the 2nd quarter. Moors & Cabot Inc. now owns 61,482 shares of the company’s stock valued at $1,048,000 after buying an additional 1,707 shares in the last quarter. Hedge funds and other institutional investors own 58.81% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. StockNews.com started coverage on Guess’ in a report on Wednesday, October 12th. They set a “hold” rating for the company. TheStreet downgraded Guess’ from a “b-” rating to a “c” rating in a research report on Tuesday, November 22nd.

Guess’ Stock Performance

Shares of GES opened at $22.64 on Friday. The company has a market cap of $1.23 billion, a PE ratio of 12.24 and a beta of 1.88. The company has a current ratio of 1.57, a quick ratio of 0.79 and a debt-to-equity ratio of 2.15. The stock has a 50-day moving average price of $20.34 and a 200-day moving average price of $18.40. Guess’, Inc. has a 12-month low of $14.27 and a 12-month high of $24.66.

Guess’ (NYSE:GESGet Rating) last issued its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $614.00 million. Guess’ had a net margin of 4.58% and a return on equity of 27.89%. The business’s revenue was down 1.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.62 EPS. As a group, equities analysts forecast that Guess’, Inc. will post 2.35 earnings per share for the current fiscal year.

Guess’ Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 23rd. Investors of record on Wednesday, December 7th were given a $0.225 dividend. The ex-dividend date was Tuesday, December 6th. This represents a $0.90 dividend on an annualized basis and a yield of 3.98%. Guess”s payout ratio is 48.65%.

About Guess’

(Get Rating)

Guess?, Inc engages in designing, marketing, distributing and licensing of contemporary apparel and accessories for men, women and children that reflect the American lifestyle and European fashion sensibilities. It operates through the following segments: Americas Retail, Americas Wholesale, Europe, Asia, and Licensing.

Further Reading

Want to see what other hedge funds are holding GES? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Guess’, Inc. (NYSE:GESGet Rating).

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

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