Prudential Financial Inc. cut its position in shares of Guess?, Inc. (NYSE:GES) by 12.2% in the second quarter, Holdings Channel.com reports. The institutional investor owned 81,049 shares of the company’s stock after selling 11,280 shares during the period. Prudential Financial Inc.’s holdings in Guess? were worth $1,309,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. DekaBank Deutsche Girozentrale bought a new position in Guess? during the second quarter valued at approximately $40,000. Bank of Montreal Can boosted its stake in Guess? by 48.4% during the first quarter. Bank of Montreal Can now owns 4,065 shares of the company’s stock valued at $80,000 after buying an additional 1,326 shares during the last quarter. Meridian Wealth Management LLC bought a new position in Guess? during the second quarter valued at approximately $154,000. Piedmont Investment Advisors Inc. boosted its stake in Guess? by 5.7% during the first quarter. Piedmont Investment Advisors Inc. now owns 14,284 shares of the company’s stock valued at $280,000 after buying an additional 770 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in Guess? during the first quarter valued at approximately $289,000. 82.72% of the stock is owned by institutional investors.
GES stock traded up $0.19 during midday trading on Friday, reaching $17.95. 11,526 shares of the company traded hands, compared to its average volume of 2,549,467. Guess?, Inc. has a 52-week low of $13.34 and a 52-week high of $24.25. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.72 and a current ratio of 1.44. The business has a 50 day moving average of $16.41 and a 200-day moving average of $17.53. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of 18.26, a P/E/G ratio of 0.76 and a beta of 0.44.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Wednesday, September 11th will be given a dividend of $0.1125 per share. The ex-dividend date of this dividend is Tuesday, September 10th. This is an increase from Guess?’s previous quarterly dividend of $0.11. This represents a $0.45 dividend on an annualized basis and a yield of 2.51%. Guess?’s dividend payout ratio is 45.92%.
A number of equities analysts recently commented on the company. Cfra set a $16.00 price target on Guess? and gave the company a “hold” rating in a research note on Thursday, August 29th. B. Riley increased their price target on Guess? from $24.00 to $25.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. Finally, ValuEngine raised Guess? from a “sell” rating to a “hold” rating in a research note on Friday, August 30th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Guess? has a consensus rating of “Hold” and a consensus target price of $21.20.
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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