Nomura Holdings Inc. Buys 90,205 Shares of Guess?, Inc. (NYSE:GES)

Nomura Holdings Inc. boosted its position in shares of Guess?, Inc. (NYSE:GESFree Report) by 12.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 800,163 shares of the company’s stock after buying an additional 90,205 shares during the period. Nomura Holdings Inc.’s holdings in Guess? were worth $18,452,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. American Century Companies Inc. boosted its position in shares of Guess? by 10.8% during the 3rd quarter. American Century Companies Inc. now owns 473,679 shares of the company’s stock worth $10,250,000 after acquiring an additional 46,035 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new position in shares of Guess? in the 4th quarter valued at $1,028,000. Hsbc Holdings PLC acquired a new position in shares of Guess? during the 3rd quarter worth $1,128,000. SummerHaven Investment Management LLC boosted its stake in Guess? by 1.3% in the fourth quarter. SummerHaven Investment Management LLC now owns 37,381 shares of the company’s stock valued at $862,000 after buying an additional 469 shares in the last quarter. Finally, Qube Research & Technologies Ltd grew its position in Guess? by 79.6% in the third quarter. Qube Research & Technologies Ltd now owns 344,653 shares of the company’s stock valued at $7,458,000 after acquiring an additional 152,788 shares during the last quarter. 61.74% of the stock is owned by institutional investors.

Guess? Trading Down 2.2 %

NYSE:GES traded down $0.48 during trading hours on Tuesday, hitting $20.88. 51,485 shares of the company were exchanged, compared to its average volume of 1,182,455. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 6.37 and a beta of 1.90. Guess?, Inc. has a one year low of $17.92 and a one year high of $33.50. The company has a fifty day simple moving average of $25.31 and a 200 day simple moving average of $24.94. The company has a current ratio of 1.57, a quick ratio of 0.85 and a debt-to-equity ratio of 0.92.

Guess? (NYSE:GESGet Free Report) last issued its quarterly earnings results on Thursday, May 30th. 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 during the quarter, compared to analysts’ expectations of $574.64 million. Guess? had a return on equity of 26.92% and a net margin of 7.97%. The business’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.07) earnings per share. Sell-side analysts expect that Guess?, Inc. will post 2.91 EPS for the current fiscal year.

Guess? announced that its board has authorized a stock repurchase plan on Monday, April 1st that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the company to buy up to 14.7% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

Guess? Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Wednesday, June 12th will be issued a dividend of $0.30 per share. The ex-dividend date is Wednesday, June 12th. This represents a $1.20 annualized dividend and a yield of 5.75%. Guess?’s payout ratio is 35.82%.

Insider Transactions at Guess?

In other Guess? news, CEO Carlos Alberini sold 211,797 shares of the company’s stock in a transaction on Friday, April 5th. The shares were sold at an average price of $30.32, for a total transaction of $6,421,685.04. Following the sale, the chief executive officer now owns 1,269,778 shares of the company’s stock, valued at $38,499,668.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 30.30% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on GES. StockNews.com cut shares of Guess? from a “buy” rating to a “hold” rating in a report on Monday, June 3rd. Jefferies Financial Group boosted their target price on shares of Guess? from $24.00 to $29.00 and gave the stock a “hold” rating in a research note on Thursday, March 21st. B. Riley reiterated a “buy” rating and issued a $37.00 price target (up from $33.00) on shares of Guess? in a research note on Monday, April 8th. UBS Group reduced their price objective on Guess? from $32.00 to $29.00 and set a “neutral” rating on the stock in a research report on Thursday, May 23rd. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $30.00 target price on shares of Guess? in a research report on Wednesday, May 29th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Guess? currently has an average rating of “Hold” and a consensus price target of $31.25.

Read Our Latest Report on Guess?

About Guess?

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding GES? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Guess?, Inc. (NYSE:GESFree Report).

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

Receive News & Ratings for Guess? Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Guess? and related companies with MarketBeat.com's FREE daily email newsletter.