BNP PARIBAS ASSET MANAGEMENT Holding S.A. Purchases New Shares in Guess?, Inc. (NYSE:GES)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of Guess?, Inc. (NYSE:GES - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 28,800 shares of the company's stock, valued at approximately $588,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned 0.05% of Guess? as of its most recent SEC filing.

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Other large investors have also made changes to their positions in the company. Quest Partners LLC purchased a new position in shares of Guess? during the 4th quarter valued at about $49,000. Headlands Technologies LLC purchased a new position in shares of Guess? during the 1st quarter valued at about $60,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Guess? by 19.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,838 shares of the company's stock valued at $135,000 after buying an additional 944 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Guess? by 72.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,092 shares of the company's stock valued at $206,000 after buying an additional 4,254 shares in the last quarter. Finally, Janney Montgomery Scott LLC purchased a new position in shares of Guess? during the 1st quarter valued at about $208,000. 61.74% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

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Guess? Price Performance

Shares of NYSE GES traded down $0.24 during midday trading on Wednesday, reaching $19.73. 1,445,909 shares of the stock traded hands, compared to its average volume of 1,227,390. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.47 and a quick ratio of 0.85. The stock has a market capitalization of $1.06 billion, a PE ratio of 5.88 and a beta of 1.91. Guess?, Inc. has a one year low of $19.46 and a one year high of $33.50. The company's 50 day moving average is $21.84 and its 200 day moving average is $24.41.

Guess? (NYSE:GES - Get Free Report) last posted its earnings results on Wednesday, August 28th. The company reported $0.42 EPS for the quarter, missing analysts' consensus estimates of $0.43 by ($0.01). The firm had revenue of $732.60 million for the quarter, compared to the consensus estimate of $729.96 million. Guess? had a net margin of 6.05% and a return on equity of 24.59%. The firm's revenue was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.72 earnings per share. On average, equities research analysts anticipate that Guess?, Inc. will post 2.63 earnings per share for the current year.

Guess? Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Wednesday, September 11th will be issued a dividend of $0.30 per share. The ex-dividend date is Wednesday, September 11th. This represents a $1.20 annualized dividend and a yield of 6.08%. Guess?'s payout ratio is presently 35.82%.

Guess? Profile

(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.

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