Today, Guess Inc. (GES) Position Maintained by State of Wisconsin Investment Board

Today, Guess Inc. (GES) Position Maintained by State of Wisconsin Investment Board
State of Wisconsin Investment Board held its stake in shares of Guess Inc. (NYSE:GES) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 336,334 shares of the company’s stock at the end of the third quarter. State of Wisconsin Investment Board owned 0.40% of Guess worth $4,914,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in GES. California Public Employees Retirement System boosted its position in Guess by 0.5% in the second quarter. California Public Employees Retirement System now owns 313,734 shares of the company’s stock valued at $4,722,000 after buying an additional 1,600 shares in the last quarter. Emerald Acquisition Ltd. acquired a new position in Guess during the second quarter valued at $242,000. Mutual of America Capital Management LLC boosted its position in Guess by 11.6% in the second quarter. Mutual of America Capital Management LLC now owns 49,073 shares of the company’s stock valued at $739,000 after buying an additional 5,106 shares in the last quarter. State Treasurer State of Michigan boosted its position in Guess by 1.2% in the second quarter. State Treasurer State of Michigan now owns 25,700 shares of the company’s stock valued at $387,000 after buying an additional 300 shares in the last quarter. Finally, Suntrust Banks Inc. boosted its position in Guess by 3.5% in the second quarter. Suntrust Banks Inc. now owns 160,446 shares of the company’s stock valued at $2,414,000 after buying an additional 5,400 shares in the last quarter. 74.62% of the stock is owned by institutional investors.

Guess Inc. (NYSE:GES) traded down 0.87% during midday trading on Friday, hitting $15.87. The stock had a trading volume of 584,516 shares. The company’s 50 day moving average is $14.55 and its 200 day moving average is $15.11. Guess Inc. has a 1-year low of $13.20 and a 1-year high of $22.84. The company has a market cap of $1.34 billion, a price-to-earnings ratio of 19.99 and a beta of 0.62.

Guess (NYSE:GES) last announced its earnings results on Wednesday, August 24th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.07. The firm had revenue of $545 million for the quarter, compared to analyst estimates of $550.53 million. Guess had a net margin of 3.10% and a return on equity of 5.16%. The company’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.21 EPS. On average, equities analysts anticipate that Guess Inc. will post $0.65 earnings per share for the current fiscal year.

Several research firms recently weighed in on GES. Piper Jaffray Cos. set a $12.00 price objective on Guess and gave the stock a “sell” rating in a research report on Sunday, August 21st. B. Riley reissued a “buy” rating and set a $21.00 price objective on shares of Guess in a research report on Tuesday, August 30th. Zacks Investment Research raised Guess from a “sell” rating to a “hold” rating and set a $20.00 price objective for the company in a research report on Wednesday, August 24th. Jefferies Group boosted their price objective on Guess from $16.00 to $17.00 and gave the stock a “hold” rating in a research report on Thursday, August 25th. Finally, Telsey Advisory Group upped their price target on Guess from $16.00 to $17.00 and gave the company a “market perform” rating in a report on Thursday, August 25th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $18.07.

In related news, CEO Amigo Victor Herrero bought 2,177 shares of the business’s stock in a transaction dated Monday, September 26th. The shares were purchased at an average price of $14.87 per share, with a total value of $32,371.99. Following the purchase, the chief executive officer now owns 334,703 shares of the company’s stock, valued at approximately $4,977,033.61. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 28.80% of the company’s stock.

About Guess

Guess?, Inc designs, markets, distributes and licenses a lifestyle collection of apparel and accessories for men, women and children. The Company operates through five segments: Americas Retail, which includes its retail and e-commerce operations in North and Central America and its retail operations in South America; Europe, which includes its wholesale, retail and e-commerce operations in Europe and the Middle East; Asia, which includes its retail, e-commerce and wholesale operations in Asia; Americas Wholesale, which includes its wholesale operations in the Americas, and Licensing, which includes licensing operations of the Company across the world.

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