Guess?, Inc. (GES) Shares Sold by Great West Life Assurance Co. Can
Great West Life Assurance Co. Can decreased its stake in shares of Guess?, Inc. (NYSE:GES) by 7.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,285 shares of the company’s stock after selling 7,000 shares during the quarter. Great West Life Assurance Co. Can owned approximately 0.10% of Guess? worth $1,410,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Cubist Systematic Strategies LLC bought a new stake in shares of Guess? in the 2nd quarter valued at about $129,000. Northwestern Mutual Investment Management Company LLC bought a new stake in shares of Guess? in the 2nd quarter valued at about $166,000. Balter Liquid Alternatives LLC bought a new stake in shares of Guess? in the 2nd quarter valued at about $164,000. Piedmont Investment Advisors LLC bought a new stake in shares of Guess? in the 2nd quarter valued at about $168,000. Finally, Bridgewater Associates LP bought a new stake in shares of Guess? in the 2nd quarter valued at about $185,000. Institutional investors own 82.38% of the company’s stock.
Shares of Guess?, Inc. (GES) opened at $17.73 on Thursday. The company has a market cap of $1,443.09, a price-to-earnings ratio of 36.54, a PEG ratio of 1.63 and a beta of 0.43. The company has a quick ratio of 1.36, a current ratio of 2.58 and a debt-to-equity ratio of 0.04. Guess?, Inc. has a twelve month low of $9.56 and a twelve month high of $18.30.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Wednesday, December 13th will be paid a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 5.08%. The ex-dividend date is Tuesday, December 12th. Guess?’s dividend payout ratio is currently -2,250.00%.
Several equities research analysts have recently commented on the stock. Cowen restated a “hold” rating and issued a $17.00 price target on shares of Guess? in a report on Wednesday, November 22nd. Jefferies Group reaffirmed a “hold” rating and issued a $13.00 price objective on shares of Guess? in a research report on Thursday, September 28th. Zacks Investment Research downgraded shares of Guess? from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 27th. B. Riley reaffirmed a “buy” rating on shares of Guess? in a research report on Wednesday, November 1st. Finally, Evercore ISI assumed coverage on shares of Guess? in a research report on Friday, August 25th. They issued a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $14.55.
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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