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Gamble? (NYSE:GES) Downgraded to “Hold” on StockNews.com


StockNews.com downgraded shares of Gamble? (NYSE:GES – Free Report) from a buy rating to a hold rating in a report published Monday.

GES has been the subject of a number of other reports. Jefferies Financial Group raised its price target on Guess? from $24.00 to $29.00 and gave the company a hold rating in a research report on Thursday, March 21. UBS Group has its price target on Guess? from $32.00 to $29.00 and set a neutral rating on the stock in a research report on Thursday, May 23. B. Riley reiterated his buy rating and set a target price of $37.00 (up from $33.00) for shares of Guess? in a research report on Monday, April 8. Finally, Telsey Advisory Group reiterated a market performance assessment and set a $30.00 target price for shares of Guess? in a research report on Wednesday, May 29. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Guess? currently has an average Hold rating and an average price target of $31.25.

Get our latest stock report on Guess?

Gamble? Price performance

Shares of GES opened at $23.67 on Monday. The company’s 50 day moving average is $27.04 and its 200 day moving average is $24.92. The company has a market cap of $1.27 billion, a price-to-earnings ratio of 7.07 and a beta of 1.98. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.96 and a current ratio of 1.55. Gamble? has a fifty-two week low of $17.92 and a fifty-two week high of $33.50.

Gamble? (NYSE:GES – Get Free Report) last announced its quarterly results on Thursday, May 30. The company reported ($0.27) earnings per share for the quarter, beating the consensus estimate of ($0.40) by $0.13. The company had revenue of $591.90 million for the quarter, compared to the consensus estimate of $574.64 million. Gamble? had a return on equity of 26.90% and a net margin of 7.97%. The company’s quarterly revenue increased 3.9% compared to the same quarter last year. During the same period last year, the company earned ($0.07) earnings per share. Research analysts predict that Guess? will post earnings per share of 2.91 for the current year.

Gamble? stated that on Monday, April 1, its board of directors approved a stock repurchase program that will allow the company to repurchase $200.00 million of outstanding shares. This repurchase authorization allows the company to purchase up to 14.7% of its shares through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes the stock is undervalued.

Gamble? Announces dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28. A dividend of $0.30 will be paid to shareholders of record on Wednesday, June 12. This represents a dividend of $1.20 annually and a yield of 5.07%. The ex-dividend date of this dividend is Wednesday, June 12. Guess’s dividend payout ratio (DPR) is 35.82%.

Insiders place their bets

In other news, CEO Carlos Alberini sold 138,203 shares of Guess? shares in a transaction that took place on Monday, April 8. The shares were sold at an average price of $30.53, for a total transaction of $4,219,337.59. Following the sale, the CEO now owns 1,131,575 shares of the company’s stock, valued at approximately $34,546,984.75. The transaction was disclosed in a filing with the SEC, which can be accessed via this link. Corporate insiders own 30.30% of the company’s shares.

Institutional trading in Guess?

Several institutional investors have recently made changes to their positions in GES. Allspring Global Investments Holdings LLC increased its position in shares of Guess? by 266.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,810 shares of the company’s stock valued at $39,000 after purchasing an additional 1,316 shares during the period. Victory Capital Management Inc. increased his position in Guess? by 1,287.1% during the 3rd quarter. Victory Capital Management Inc. now owns 170,823 shares of the company’s stock valued at $3,697,000 after purchasing an additional 158,508 shares during the period. Illinois Municipal Retirement Fund bought a new stake in Guess? valued at approximately $391,000 in the third quarter. Barclays PLC increased its position in Guess? by 4.4% in the third quarter. Barclays PLC now owns 836,553 shares of the company’s stock valued at $18,103,000 after purchasing an additional 35,066 shares during the period. Finally, Quantbot Technologies LP increased its position in Guess? by 205.1% in the third quarter. Quantbot Technologies LP now owns 11,462 shares of the company’s stock valued at $248,000 after purchasing an additional 7,705 shares during the period. Hedge funds and other institutional investors own 61.74% of the company’s shares.

About guessing?

(Get a free report)

Guess?, Inc designs, markets, distributes and licenses lifestyle collections of apparel and accessories for men, women and children. It operates in five segments: Americas Retail, Americas Wholesale, Europe, Asia and Licensing. The company’s clothing collection includes jeans, pants, skirts, dresses, shorts, blouses, shirts, jackets, sportswear, knitwear and intimate apparel.

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