Guess?, Inc. (GES) Position Boosted by Great West Life Assurance Co. Can
Great West Life Assurance Co. Can lifted its stake in Guess?, Inc. (NYSE:GES) by 2.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 77,447 shares of the company’s stock after purchasing an additional 1,990 shares during the quarter. Great West Life Assurance Co. Can owned 0.10% of Guess? worth $1,486,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently added to or reduced their stakes in the company. NumerixS Investment Technologies Inc acquired a new position in shares of Guess? in the 4th quarter valued at $34,000. PNC Financial Services Group Inc. boosted its position in shares of Guess? by 31.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,516 shares of the company’s stock valued at $52,000 after purchasing an additional 598 shares during the period. Oppenheimer Asset Management Inc. acquired a new position in shares of Guess? in the 4th quarter valued at $73,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Guess? by 38.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,294 shares of the company’s stock valued at $89,000 after purchasing an additional 1,195 shares during the period. Finally, LS Investment Advisors LLC boosted its position in shares of Guess? by 376.1% in the 4th quarter. LS Investment Advisors LLC now owns 8,494 shares of the company’s stock valued at $176,000 after purchasing an additional 6,710 shares during the period. Institutional investors and hedge funds own 71.22% of the company’s stock.
Shares of Guess? stock opened at $19.08 on Thursday. The stock has a market capitalization of $1.52 billion, a P/E ratio of 19.47, a price-to-earnings-growth ratio of 0.90 and a beta of 0.24. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.00 and a quick ratio of 1.14. Guess?, Inc. has a 1 year low of $18.06 and a 1 year high of $26.95.
The company also recently declared a quarterly dividend, which will be paid on Thursday, April 18th. Stockholders of record on Wednesday, April 3rd will be paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.72%. The ex-dividend date of this dividend is Tuesday, April 2nd. Guess?’s dividend payout ratio (DPR) is presently 91.84%.
Several brokerages recently issued reports on GES. Jefferies Financial Group set a $24.00 price objective on Guess? and gave the stock a “buy” rating in a research note on Thursday, March 21st. ValuEngine downgraded Guess? from a “buy” rating to a “hold” rating in a research note on Thursday, March 21st. Zacks Investment Research raised Guess? from a “hold” rating to a “strong-buy” rating and set a $22.00 price objective for the company in a research note on Thursday, January 31st. Finally, TheStreet downgraded Guess? from a “b” rating to a “c+” rating in a research note on Thursday, November 29th. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $24.25.
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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, knitwear, and intimate apparel.
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