Global X Management Co. LLC boosted its stake in Guess Inc. (NYSE:GES) by 11.8% during the third quarter, Holdings Channel reports. The fund owned 330,675 shares of the company’s stock after buying an additional 34,842 shares during the period. Global X Management Co. LLC’s holdings in Guess were worth $4,831,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in GES. JPMorgan Chase & Co. raised its stake in shares of Guess by 13.8% in the third quarter. JPMorgan Chase & Co. now owns 260,431 shares of the company’s stock valued at $3,805,000 after buying an additional 31,659 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Guess by 0.6% in the third quarter. Bank of New York Mellon Corp now owns 1,193,081 shares of the company’s stock valued at $17,432,000 after buying an additional 7,241 shares in the last quarter. TD Asset Management Inc. raised its stake in shares of Guess by 89.9% in the third quarter. TD Asset Management Inc. now owns 45,000 shares of the company’s stock valued at $657,000 after buying an additional 21,300 shares in the last quarter. Aperio Group LLC raised its stake in shares of Guess by 82.7% in the third quarter. Aperio Group LLC now owns 26,370 shares of the company’s stock valued at $385,000 after buying an additional 11,935 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in shares of Guess by 11.1% in the third quarter. First Trust Advisors LP now owns 203,160 shares of the company’s stock valued at $2,968,000 after buying an additional 20,306 shares in the last quarter. 74.92% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Guess (NYSE:GES)

Guess Inc. (NYSE:GES) traded down 1.54% during midday trading on Wednesday, hitting $15.32. The stock had a trading volume of 3,063,722 shares. The company’s 50-day moving average price is $14.59 and its 200 day moving average price is $15.08. The company has a market capitalization of $1.29 billion, a PE ratio of 19.29 and a beta of 0.62. Guess Inc. has a 52 week low of $13.20 and a 52 week high of $22.84.

Guess (NYSE:GES) last issued its earnings results on Wednesday, November 30th. The company reported $0.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.14 by $0.03. The business earned $536.30 million during the quarter, compared to analyst estimates of $548.37 million. Guess had a net margin of 3.10% and a return on equity of 5.16%. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.15 EPS. On average, analysts expect that Guess Inc. will post $0.65 EPS for the current year.

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Several analysts recently commented on GES shares. Piper Jaffray Cos. set a $12.00 price target on Guess and gave the company a “sell” rating in a research note on Sunday, August 21st. Zacks Investment Research raised Guess from a “sell” rating to a “hold” rating and set a $20.00 price target on the stock in a research note on Wednesday, August 24th. B. Riley raised Guess from a “neutral” rating to a “buy” rating and set a $21.00 price target on the stock in a research note on Thursday, August 25th. Telsey Advisory Group boosted their price target on Guess from $16.00 to $17.00 and gave the company a “market perform” rating in a research note on Thursday, August 25th. Finally, Jefferies Group boosted their price target on Guess from $16.00 to $17.00 and gave the company a “hold” rating in a research note on Thursday, August 25th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $18.07.

In other news, CEO Amigo Victor Herrero purchased 2,177 shares of the company’s stock in a transaction dated Monday, September 26th. The stock was bought at an average cost of $14.87 per share, for a total transaction of $32,371.99. Following the purchase, the chief executive officer now owns 334,703 shares of the company’s stock, valued at $4,977,033.61. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 28.80% of the stock is owned by insiders.

Guess Company Profile

Guess?, Inc designs, markets, distributes and licenses a lifestyle collection of apparel and accessories for men, women and children. The Company operates through five segments: Americas Retail, which includes its retail and e-commerce operations in North and Central America and its retail operations in South America; Europe, which includes its wholesale, retail and e-commerce operations in Europe and the Middle East; Asia, which includes its retail, e-commerce and wholesale operations in Asia; Americas Wholesale, which includes its wholesale operations in the Americas, and Licensing, which includes licensing operations of the Company across the world.

5 Day Chart for NYSE:GES

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