Van Berkom Associates buys $24,658,273 stake in Guess? (GES)

Guess? (GES) : Van Berkom Associates scooped up 65,437 additional shares in Guess? during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 1,355,595 shares of Guess? which is valued at $24,658,273.Guess? makes up approximately 1.11% of Van Berkom Associates’s portfolio.

Guess? opened for trading at $18.35 and hit $18.54 on the upside on Wednesday, eventually ending the session at $18.49, with a gain of 0.38% or 0.07 points. The heightened volatility saw the trading volume jump to 4,94,729 shares. Company has a market cap of $1,553 M.

Other Hedge Funds, Including , Acadian Asset Management sold out all of its stake in GES during the most recent quarter. The investment firm sold 202,276 shares of GES which is valued $3,541,853. Capital Impact Advisors sold out all of its stake in GES during the most recent quarter. The investment firm sold 28,058 shares of GES which is valued $491,296.

On the company’s financial health, Guess? reported $0.57 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Mar 16, 2016. Analyst had a consensus of $0.59. The company had revenue of $658.26 million for the quarter, compared to analysts expectations of $659.55 million. The company’s revenue was down -5.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.63 EPS.

Many Wall Street Analysts have commented on Guess?. Miller Tabak Initiated Guess? on Apr 8, 2016 to “Sell”, Price Target of the shares are set at $15.Shares were Reiterated by Telsey Advisory Group on Mar 17, 2016 to “Market Perform” and Lowered the Price Target to $ 21 from a previous price target of $23 .Shares were Reiterated by Topeka Capital Markets on Mar 17, 2016 to “Hold” and Lowered the Price Target to $ 19 from a previous price target of $20 .

Guess? Inc. (GUESS?) designs markets distributes and licenses a collection of apparel and accessories for men women and children. GUESS? operates through five segments: North American Retail Europe Asia North American Wholesale and Licensing. The North American Retail segment includes the Company’s retail and e-commerce operations in North America and its retail operations in Central and South America. The Europe segment includes its wholesale retail and e-commerce operations in Europe and the Middle East. The Asia segment includes its wholesale retail and e-commerce operations in Asia. The North American Wholesale segment includes its wholesale operations in North America and Central and South America. The Licensing segment includes the Company’s licensing operations around the world. The Company’s apparel is marketed under various trademarks including GUESS GUESS? GUESS U.S.A. GUESS Jeans MARCIANO GUESS Kids Baby GUESS YES G by GUESS GUESS by MARCIANO and Gc.

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