Guess’, Inc. (NYSE: GES – Get a 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 amounting to $166,000.00. Following the completion of the sale, the director now owns 199,552 shares of the company’s stock, valued at approximately $3,312,563.20. The deal was disclosed in a legal filing with the Securities and Exchange Commission, which can be accessed via this link.
Guess stock performance
Actions 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 gearing ratio of 0.74, and a debt-to-equity ratio of 0.90. The company’s fifty-day moving average is $18.34, and its 200-day moving average is $19.65.
guess’ (NYSE: GES – Get a rating) last published 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 for 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 of the previous year, the firm earned $0.96 per share. On average, stock analysts expect that Guess’, Inc. will post 2.63 EPS for the current fiscal year.
Guess’ announces dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, September 23rd. Shareholders of record on Wednesday, September 7th will be paid a $0.225 dividend. That’s $0.90 in annualized dividends and a dividend yield of 5.76%. The ex-dividend date of this dividend is Tuesday, September 6th. Guess’s dividend payout ratio is currently 45.92%.
Hedge funds weigh speculation
Several large investors have recently modified their holdings. Vanguard Group Inc. raised its position in shares of Guess by 4.2% in the 1st quarter. Now Vanguard Group Inc. now owns 4,555,857 shares of the company’s stock valued at $99,546,000 after buying an additional 184,983 shares in the last quarter. Dimensional Fund Advisors LP boosted 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 valued at $86,760,000 after purchasing an additional 50,371 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Guess by 3.5% in the 1st quarter. Now Charles Schwab Investment Management Inc. now owns 589,343 shares of the company’s stock valued at $12,878,000 after buying an additional 19,787 shares in the last quarter. Victory Capital Management Inc. boosted its position in Guess by 55.2% in the 2nd quarter. Now Victory Capital Management Inc. now owns 490,837 shares of the company’s stock valued at $8,369,000 after purchasing an additional 174,477 shares in the last quarter. Finally, Rockefeller Capital Management LP bought 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 shares.
Wall Street analysts predict growth
GES has been the subject of several recent analyst reports. B. Riley cut their price objective 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 downgraded 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, sells, distributes and licenses collections of stylish clothing and accessories for men, women and children. It operates through five segments: US Retail, US Wholesale, Europe, Asia and Licensing. The company’s apparel collection includes jeans, pants, skirts, dresses, shorts, blouses, shirts, jackets, sportswear, knitwear and intimate apparel.
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https://www.defenseworld.net/2022/09/23/anthony-chidoni-sells-10000-shares-of-guess-inc-nyseges-stock.html Anthony Chidoni sells 10,000 shares of Guess’, Inc. stock. (NYSE:GES)