Guess?, Inc. (NYSE:GES - Get Free Report) CEO Carlos Alberini sold 138,203 shares of Guess? stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $30.53, for a total transaction of $4,219,337.59. Following the completion of the sale, the chief executive officer now directly owns 1,131,575 shares of the company's stock, valued at $34,546,984.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Carlos Alberini also recently made the following trade(s):
- On Friday, April 5th, Carlos Alberini sold 211,797 shares of Guess? stock. The shares were sold at an average price of $30.32, for a total transaction of $6,421,685.04.
Guess? Stock Performance
NYSE:GES opened at $29.67 on Wednesday. The company has a current ratio of 1.55, a quick ratio of 0.96 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $1.58 billion, a price-to-earnings ratio of 10.23 and a beta of 1.98. The firm's fifty day simple moving average is $26.23 and its 200 day simple moving average is $23.75. Guess?, Inc. has a twelve month low of $17.21 and a twelve month high of $33.50.
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Guess? (NYSE:GES - Get Free Report) last posted its earnings results on Wednesday, March 20th. The company reported $2.01 earnings per share for the quarter, beating the consensus estimate of $1.55 by $0.46. The business had revenue of $891.05 million for the quarter, compared to analyst estimates of $855.54 million. Guess? had a net margin of 7.14% and a return on equity of 30.02%. The business's quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.74 EPS. As a group, equities research analysts expect that Guess?, Inc. will post 2.91 earnings per share for the current fiscal year.
Guess? Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, May 3rd. Investors of record on Wednesday, April 17th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 4.04%. The ex-dividend date is Tuesday, April 16th. Guess?'s dividend payout ratio (DPR) is 41.38%.
Institutional Investors Weigh In On Guess?
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. American Century Companies Inc. increased its stake in Guess? by 10.8% during the 3rd quarter. American Century Companies Inc. now owns 473,679 shares of the company's stock worth $10,250,000 after buying an additional 46,035 shares during the period. Hsbc Holdings PLC purchased a new stake in Guess? during the 3rd quarter worth $1,128,000. Qube Research & Technologies Ltd increased its stake in Guess? by 79.6% during the 3rd quarter. Qube Research & Technologies Ltd now owns 344,653 shares of the company's stock worth $7,458,000 after buying an additional 152,788 shares during the period. Dark Forest Capital Management LP purchased a new stake in Guess? during the 3rd quarter worth $495,000. Finally, Alps Advisors Inc. purchased a new stake in Guess? during the 3rd quarter worth $321,000. Hedge funds and other institutional investors own 61.74% of the company's stock.
Wall Street Analysts Forecast Growth
GES has been the topic of a number of research analyst reports. B. Riley reiterated a "buy" rating and issued a $37.00 price target (up previously from $33.00) on shares of Guess? in a report on Monday. Telsey Advisory Group lifted their price target on shares of Guess? from $23.00 to $30.00 and gave the company a "market perform" rating in a report on Thursday, March 21st. StockNews.com upgraded shares of Guess? from a "hold" rating to a "buy" rating in a report on Friday, March 22nd. UBS Group lifted their price target on shares of Guess? from $26.00 to $32.00 and gave the company a "neutral" rating in a report on Monday, March 25th. Finally, Jefferies Financial Group lifted their price target on shares of Guess? from $24.00 to $29.00 and gave the company a "hold" rating in a report on Thursday, March 21st. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $32.00.
Check Out Our Latest Research Report on GES
About Guess?
(
Get Free Report)
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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