Bank of Montreal Can Purchases 394,023 Shares of Guess?, Inc. (NYSE:GES)

Bank of Montreal Can raised its position in shares of Guess?, Inc. (NYSE:GES) by 75.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 914,447 shares of the company’s stock after acquiring an additional 394,023 shares during the quarter. Bank of Montreal Can owned approximately 1.71% of Guess? worth $19,039,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of GES. Hsbc Holdings PLC boosted its position in shares of Guess? by 20.0% in the 4th quarter. Hsbc Holdings PLC now owns 63,040 shares of the company’s stock worth $1,459,000 after purchasing an additional 10,522 shares in the last quarter. Allianz Asset Management GmbH boosted its position in shares of Guess? by 17.9% in the 4th quarter. Allianz Asset Management GmbH now owns 144,637 shares of the company’s stock worth $3,335,000 after purchasing an additional 21,953 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in shares of Guess? in the 4th quarter worth approximately $1,028,000. Nomura Holdings Inc. boosted its position in shares of Guess? by 12.7% in the 4th quarter. Nomura Holdings Inc. now owns 800,163 shares of the company’s stock worth $18,452,000 after purchasing an additional 90,205 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of Guess? by 7.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 978,648 shares of the company’s stock worth $22,568,000 after purchasing an additional 66,578 shares in the last quarter. 61.74% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on GES. Telsey Advisory Group dropped their price target on Guess? from $26.00 to $21.00 and set a “market perform” rating on the stock in a research report on Thursday, August 29th. UBS Group lowered their price objective on Guess? from $24.00 to $22.00 and set a “neutral” rating on the stock in a research report on Friday, August 30th. Finally, StockNews.com cut Guess? from a “buy” rating to a “hold” rating in a research report on Monday, June 3rd. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Guess? presently has a consensus rating of “Hold” and a consensus price target of $27.25.

Guess? Stock Performance

GES stock opened at $20.08 on Friday. The stock has a market capitalization of $1.07 billion, a PE ratio of 5.99 and a beta of 1.92. Guess?, Inc. has a 12-month low of $18.52 and a 12-month high of $33.50. The company has a current ratio of 1.47, a quick ratio of 0.76 and a debt-to-equity ratio of 1.01. The stock’s 50 day simple moving average is $21.08 and its 200 day simple moving average is $23.69.

Guess? (NYSE:GES) last announced its earnings results on Wednesday, August 28th. The company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.01). The company had revenue of $732.60 million for the quarter, compared to analysts’ expectations of $729.96 million. Guess? had a net margin of 6.05% and a return on equity of 24.18%. Guess?’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.72 earnings per share. As a group, research analysts forecast that Guess?, Inc. will post 2.63 earnings per share for the current fiscal year.

Guess? Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Wednesday, September 11th were paid a dividend of $0.30 per share. The ex-dividend date was Wednesday, September 11th. This represents a $1.20 dividend on an annualized basis and a yield of 5.98%. Guess?’s dividend payout ratio is presently 35.82%.

Guess? Company Profile

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, activewear, knitwear, and intimate apparel.