Public Sector Pension Investment Board Stake In Gap Del (GPS) Was Increased; As Guess (GES) Valuation Rose, Holder Contrarius Investment Management LTD Has Decreased Holding by $11.09 Million

April 17, 2018 - By Richard Conner

Guess', Inc. (NYSE:GES) Logo

Public Sector Pension Investment Board increased its stake in Gap Inc Del (GPS) by 80.39% based on its latest 2017Q4 regulatory filing with the SEC. Public Sector Pension Investment Board bought 19,733 shares as the company’s stock declined 11.38% with the market. The institutional investor held 44,281 shares of the consumer services company at the end of 2017Q4, valued at $1.51 million, up from 24,548 at the end of the previous reported quarter. Public Sector Pension Investment Board who had been investing in Gap Inc Del for a number of months, seems to be bullish on the $11.90 billion market cap company. The stock increased 1.31% or $0.4 during the last trading session, reaching $30.56. About 2.08 million shares traded. The Gap, Inc. (NYSE:GPS) has risen 31.10% since April 17, 2017 and is uptrending. It has outperformed by 19.55% the S&P500.

Contrarius Investment Management Ltd decreased its stake in Guess Inc (GES) by 63.71% based on its latest 2017Q4 regulatory filing with the SEC. Contrarius Investment Management Ltd sold 692,887 shares as the company’s stock rose 19.17% while stock markets declined. The institutional investor held 394,620 shares of the consumer non-durables company at the end of 2017Q4, valued at $6.66M, down from 1.09M at the end of the previous reported quarter. Contrarius Investment Management Ltd who had been investing in Guess Inc for a number of months, seems to be less bullish one the $1.83B market cap company. The stock decreased 2.19% or $0.51 during the last trading session, reaching $22.81. About 821,180 shares traded. Guess', Inc. (NYSE:GES) has risen 93.07% since April 17, 2017 and is uptrending. It has outperformed by 81.52% the S&P500.

Public Sector Pension Investment Board, which manages about $15.20 billion US Long portfolio, decreased its stake in Lsc Communications Inc by 52,253 shares to 20,769 shares, valued at $315,000 in 2017Q4, according to the filing. It also reduced its holding in General Electric Co (Put) (NYSE:GE) by 3.00M shares in the quarter, leaving it with 1.00M shares, and cut its stake in Corning Inc (NYSE:GLW).

Investors sentiment increased to 0.98 in Q4 2017. Its up 0.02, from 0.96 in 2017Q3. It increased, as 37 investors sold GPS shares while 153 reduced holdings. 73 funds opened positions while 113 raised stakes. 208.71 million shares or 2.18% more from 204.26 million shares in 2017Q3 were reported. Rafferty Asset Mgmt holds 0.01% or 9,310 shares. Hanson Mcclain reported 0% of its portfolio in The Gap, Inc. (NYSE:GPS). Livforsakringsbolaget Skandia Omsesidigt reported 0.06% of its portfolio in The Gap, Inc. (NYSE:GPS). Advisory holds 0.01% of its portfolio in The Gap, Inc. (NYSE:GPS) for 21,781 shares. Sun Life Finance stated it has 0% in The Gap, Inc. (NYSE:GPS). Pictet Asset Mngmt Ltd, United Kingdom-based fund reported 135,341 shares. 272,726 were reported by Old Mutual Glob Invsts (Uk). Sector Pension Board holds 0.01% or 44,281 shares in its portfolio. Bancorporation Of America Corp De owns 834,171 shares for 0% of their portfolio. Haverford Fin reported 9,167 shares or 0.11% of all its holdings. Brandywine Glob Mgmt Limited Liability holds 0.06% of its portfolio in The Gap, Inc. (NYSE:GPS) for 306,811 shares. Hartford Investment Mgmt Communications owns 51,905 shares. Hsbc Public Limited Com invested in 968,289 shares or 0.05% of the stock. Wealthtrust owns 0.01% invested in The Gap, Inc. (NYSE:GPS) for 340 shares. Verition Fund Ltd Liability Company holds 0.06% or 20,529 shares.

Since February 1, 2018, it had 1 insider purchase, and 11 sales for $57.85 million activity. The insider Hyder Brent sold 5,839 shares worth $192,921. $16.05M worth of The Gap, Inc. (NYSE:GPS) was sold by FISHER WILLIAM SYDNEY. The insider Kirwan Jeff sold $1.63 million. $15.64 million worth of The Gap, Inc. (NYSE:GPS) shares were sold by FISHER ROBERT J. Shares for $15,760 were sold by Bazzano Dara on Tuesday, April 3. $954,780 worth of stock was sold by Syngal Sonia on Thursday, March 8.

Among 34 analysts covering The Gap Inc. (NYSE:GPS), 4 have Buy rating, 4 Sell and 26 Hold. Therefore 12% are positive. The Gap Inc. had 176 analyst reports since August 5, 2015 according to SRatingsIntel. On Tuesday, February 20 the stock rating was maintained by Jefferies with “Buy”. The company was upgraded on Monday, November 28 by Piper Jaffray. The firm has “Outperform” rating given on Friday, June 17 by Wolfe Research. Citigroup initiated The Gap, Inc. (NYSE:GPS) rating on Wednesday, October 7. Citigroup has “Neutral” rating and $30 target. The stock of The Gap, Inc. (NYSE:GPS) earned “Sell” rating by UBS on Friday, May 20. The stock has “Underperform” rating by Wolfe Research on Tuesday, August 18. The company was maintained on Friday, May 20 by FBR Capital. The firm has “Hold” rating by RBC Capital Markets given on Thursday, March 1. The stock has “Hold” rating by RBC Capital Markets on Wednesday, July 5. Deutsche Bank maintained it with “Hold” rating and $27 target in Friday, November 17 report.

Investors sentiment increased to 1.18 in Q4 2017. Its up 0.16, from 1.02 in 2017Q3. It improved, as 17 investors sold GES shares while 45 reduced holdings. 28 funds opened positions while 45 raised stakes. 66.27 million shares or 0.40% less from 66.54 million shares in 2017Q3 were reported. Manufacturers Life Ins The, Ontario – Canada-based fund reported 46,220 shares. Balyasny Asset Limited Com has 3.42 million shares. Northwestern Mutual Wealth Management Communication holds 0% or 964 shares in its portfolio. State Board Of Administration Of Florida Retirement Sys reported 46,652 shares. Quantbot Technologies Ltd Partnership holds 0.03% or 20,985 shares. Rhumbline Advisers has 144,370 shares. Savings Bank Of New York Mellon holds 0.01% of its portfolio in Guess', Inc. (NYSE:GES) for 2.92 million shares. Zurcher Kantonalbank (Zurich Cantonalbank) stated it has 3,099 shares. Deutsche Commercial Bank Ag accumulated 241,249 shares or 0% of the stock. Citadel Advsrs stated it has 810,618 shares or 0.01% of all its holdings. Virtu Limited Company has 0.01% invested in Guess', Inc. (NYSE:GES). Bnp Paribas Arbitrage reported 39,985 shares. Metropolitan Life Co Ny holds 0% of its portfolio in Guess', Inc. (NYSE:GES) for 18,038 shares. Pnc Fincl Gru Incorporated holds 1,546 shares or 0% of its portfolio. Comerica Financial Bank invested in 0.01% or 65,250 shares.

Among 12 analysts covering Guess? (NYSE:GES), 3 have Buy rating, 1 Sell and 8 Hold. Therefore 25% are positive. Guess? had 47 analyst reports since August 15, 2015 according to SRatingsIntel. On Tuesday, February 20 the stock rating was downgraded by KeyBanc Capital Markets to “Sector Weight”. The rating was maintained by Mizuho on Thursday, May 26 with “Neutral”. As per Thursday, August 27, the company rating was maintained by Mizuho. The rating was maintained by Jefferies with “Hold” on Thursday, March 17. The firm has “Buy” rating by Mizuho given on Wednesday, November 25. Cowen & Co maintained the shares of GES in report on Wednesday, September 27 with “Hold” rating. The firm earned “Buy” rating on Monday, February 26 by FBR Capital. The stock of Guess', Inc. (NYSE:GES) earned “Market Perform” rating by Cowen & Co on Thursday, March 17. The firm earned “Buy” rating on Wednesday, May 25 by Standpoint Research. Topeka Capital Markets maintained Guess', Inc. (NYSE:GES) on Thursday, August 27 with “Hold” rating.

Guess', Inc. (NYSE:GES) Institutional Positions Chart

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