Credit Suisse AG reduced its stake in Guess?, Inc. (NYSE:GES) by 18.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 127,206 shares of the company’s stock after selling 28,909 shares during the period. Credit Suisse AG’s holdings in Guess? were worth $1,418,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Trust Department MB Financial Bank N A acquired a new position in Guess? during the first quarter valued at $112,000. Mason Street Advisors LLC raised its stake in shares of Guess? by 7.0% in the first quarter. Mason Street Advisors LLC now owns 14,400 shares of the company’s stock worth $161,000 after buying an additional 943 shares during the last quarter. Sigma Planning Corp raised its stake in shares of Guess? by 3.7% in the first quarter. Sigma Planning Corp now owns 18,900 shares of the company’s stock worth $211,000 after buying an additional 675 shares during the last quarter. K2 Principal Fund L.P. raised its stake in shares of Guess? by 28.0% in the first quarter. K2 Principal Fund L.P. now owns 21,000 shares of the company’s stock worth $234,000 after buying an additional 4,600 shares during the last quarter. Finally, OLD National Bancorp IN raised its stake in shares of Guess? by 3.3% in the first quarter. OLD National Bancorp IN now owns 22,306 shares of the company’s stock worth $249,000 after buying an additional 718 shares during the last quarter. 80.34% of the stock is owned by hedge funds and other institutional investors.

Shares of Guess?, Inc. (NYSE:GES) traded up 1.55% during mid-day trading on Wednesday, reaching $13.07. The company’s stock had a trading volume of 142,401 shares. The company has a market cap of $1.09 billion, a P/E ratio of 41.89 and a beta of 0.42. The company has a 50-day moving average of $12.82 and a 200-day moving average of $11.93. Guess?, Inc. has a 12 month low of $9.56 and a 12 month high of $18.68.

Guess? (NYSE:GES) last issued its quarterly earnings data on Wednesday, May 24th. The company reported ($0.24) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.32) by $0.08. Guess? had a net margin of 1.20% and a return on equity of 3.67%. The business had revenue of $458.60 million during the quarter, compared to analyst estimates of $449.22 million. During the same period last year, the business posted ($0.23) earnings per share. Guess?’s quarterly revenue was up 2.2% compared to the same quarter last year. Equities research analysts forecast that Guess?, Inc. will post $0.40 earnings per share for the current fiscal year.

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A number of analysts recently commented on the company. Jefferies Group LLC set a $11.00 target price on Guess? and gave the company a “hold” rating in a research report on Wednesday. Standpoint Research lowered Guess? from a “buy” rating to a “hold” rating and set a $13.91 target price for the company. in a research report on Wednesday, August 9th. Zacks Investment Research lowered Guess? from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. BidaskClub raised Guess? from a “hold” rating to a “buy” rating in a research report on Saturday, August 5th. Finally, Cowen and Company set a $11.00 target price on Guess? and gave the company a “hold” rating in a research report on Friday, July 28th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. Guess? currently has an average rating of “Hold” and an average price target of $12.89.

In other Guess? news, CEO Amigo Victor Herrero bought 3,274 shares of the firm’s stock in a transaction on Monday, June 26th. The stock was acquired at an average price of $11.70 per share, with a total value of $38,305.80. Following the completion of the purchase, the chief executive officer now owns 392,848 shares of the company’s stock, valued at $4,596,321.60. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 29.60% of the stock is currently owned by company insiders.

Guess? Company Profile

Guess?, Inc designs, markets, distributes and licenses a lifestyle collections of apparel and accessories for men, women and children. The Company operates through five segments: Americas Retail, Europe, Asia, Americas Wholesale and Licensing. The Americas Retail segment includes the Company’s retail and e-commerce operations in North and Central America and its retail operations in South America.

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Institutional Ownership by Quarter for Guess? (NYSE:GES)

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