Anthony Chidoni Sells 10,000 Shares of Guess’, Inc. (NYSE:GES) Stock #Anthony #Chidoni #Sells #Shares #Guess #NYSEGES #Stock Welcome to Americanah Blog, here is the new story we have for you today:
Guess’, Inc. (NYSE:GES – Get Rating) Director Anthony Chidoni sold 10,000 shares of Guess’ stock in a transaction on Monday, September 19th. The shares were sold at an average price of $16.60, for a total transaction of $166,000.00. Following the completion of the sale, the director now owns 199,552 shares in the company, valued at approximately $3,312,563.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Guess’ Stock Performance
Shares of GES stock opened at $15.63 on Friday. Guess’, Inc. has a 12 month low of $15.46 and a 12 month high of $25.27. The stock has a market cap of $850.87 million, a PE ratio of 7.97 and a beta of 1.90. 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 company’s fifty day moving average price is $18.34 and its 200-day moving average price is $19.65.
Guess’ (NYSE:GES – Get Rating) last posted its quarterly earnings results on Wednesday, August 24th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.02). The company had revenue of $643.00 million during the quarter, compared to analysts’ expectations of $629.52 million. Guess’ had a return on equity of 28.40% and a net margin of 4.86%. Guess”s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.96 EPS. On average, equities analysts expect that Guess’, Inc. will post 2.63 EPS for the current fiscal year.
Guess’ Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, September 23rd. Stockholders of record on Wednesday, September 7th will be given a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 5.76%. The ex-dividend date of this dividend is Tuesday, September 6th. Guess”s dividend payout ratio is presently 45.92%.
Hedge Funds Weigh In On Guess’
Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Guess’ by 4.2% in the 1st quarter. Vanguard Group Inc. now owns 4,555,857 shares of the company’s stock worth $99,546,000 after purchasing an additional 184,983 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Guess’ by 1.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,970,545 shares of the company’s stock worth $86,760,000 after purchasing an additional 50,371 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Guess’ by 3.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 589,343 shares of the company’s stock worth $12,878,000 after buying an additional 19,787 shares during the last quarter. Victory Capital Management Inc. raised its position in Guess’ by 55.2% in the 2nd quarter. Victory Capital Management Inc. now owns 490,837 shares of the company’s stock worth $8,369,000 after buying an additional 174,477 shares during the last quarter. Finally, Rockefeller Capital Management L.P. purchased a new position in Guess’ in the 4th quarter worth about $11,512,000. Hedge funds and other institutional investors own 57.68% of the company’s stock.
Wall Street Analysts Forecast Growth
GES has been the topic of several recent analyst reports. B. Riley cut their price target on shares of Guess’ from $36.00 to $29.00 and set a “buy” rating on the stock in a report on Thursday, May 26th. StockNews.com cut shares of Guess’ from a “buy” rating to a “hold” rating in a report on Monday, May 30th. Finally, TheStreet upgraded shares of Guess’ from a “c” rating to a “b-” rating in a report on Wednesday, August 24th.
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.
Receive News & Ratings for Guess’ Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Guess’ and related companies with MarketBeat.com’s FREE daily email newsletter.