Louisiana State Employees Retirement System Invests Over $233K in Guess’

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The Louisiana State Employees Retirement System recently announced an investment of over $233,000 in Guess ($NYSE:GES)’ Inc., a leading global fashion brand. The company designs, markets, distributes and licenses apparel and accessories under various brands. In addition to its namesake Guess’ label, the company also produces denim, sportswear and related accessories under the Marciano, G by Guess and Guess Factory brands. The company’s products are sold worldwide through retail stores, department stores, independent third-party distributors and e-commerce platforms. Its stores are located in major cities across the U.S., Europe, Asia and Latin America.

The company’s stock is publicly traded on the New York Stock Exchange under the symbol GES. The recent investment by the Louisiana State Employees Retirement System will be used to further expand the company’s presence around the world and solidify its position as a leader in the fashion industry. It serves as a reminder that the company’s products are in demand and have a bright future ahead. With the additional funding, Guess’ Inc. should continue to be a major player in the fashion industry for many years to come.

Price History

Despite this investment, the stock did not fare well, opening at $22.7 and closing at $22.5, down 0.8% from its last closing price of $22.6. This lower-than-expected performance was likely due to the uncertain economic climate caused by the current pandemic. With the global economy in a state of flux, many investors remain hesitant to commit to any investments, especially those with higher stocks like Guess‘. The Louisiana State Employees Retirement System’s investment was an important vote of confidence in the company and its future success. Despite the current market conditions, the retirement system felt it was a safe and wise decision to invest in Guess’.

Though the stock may have been down on Tuesday, it is possible that the investment from the retirement system could be a positive sign for the company’s long-term future. With such a large sum of money being invested, the retirement system must believe that Guess’ Inc. is likely to perform well in the long run. The stock market is always a risky endeavor, and even more so in a time of economic uncertainty. But with such a large investment from a major institution like the Louisiana State Employees Retirement System, Guess’ Inc. may just have the backing it needs to weather these difficult times and come out strong on the other side. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Guess. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Guess. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Guess. More…

Key Ratios Snapshot

Some of the financial key ratios for Guess are shown below. More…

VI Analysis

VI App’s simple analysis of GUESS Inc. has revealed that the company’s fundamentals reflect its long term potential. According to VI Risk Rating, GUESS is a medium risk investment in terms of financial and business aspects. This means investors should be aware of potential risks when considering this company as a potential investment. VI App has detected one risk warning in the income sheet which investors should pay attention to. This could be a sign of potential financial difficulties or operational issues that could impact the company’s future performance. It is important for investors to understand the details of the risk warning and assess whether it could affect their decision to invest. In summary, GUESS Inc. appears to be a medium risk investment with some potential risks that should be considered before an investor decides to invest. The details of the risk warning should be examined in order to make an informed decision. Registering with VI App is the best way to get a comprehensive understanding of GUESS and its financial performance. More…

VI Peers

Guess? Inc is a leading international lifestyle brand known for its iconic denim and fashion apparel. Along with Guess?, other popular lifestyle brands such as Esprit Holdings Ltd, TOM TAILOR Holding SE, and Brunello Cucinelli SpA have made a mark in the fashion industry, offering a wide range of high-quality products to customers around the world.

– Esprit Holdings Ltd ($SEHK:00330)

Esprit Holdings Ltd is a global fashion lifestyle company that designs, develops, and sells clothing, accessories, and home furnishings. The company has a market cap of 2.38 billion as of 2022, indicating its size and market presence. Additionally, Esprit Holdings Ltd has a Return on Equity (ROE) of 3.21%, which is a measure of the company’s profitability and efficiency in using equity to generate profits. This shows that the company is capable of generating returns on its equity holdings, indicating that it is well-managed and financially sound.

– TOM TAILOR Holding SE ($LTS:0MMJ)

TOM TAILOR Holding SE is a German-based fashion company that designs and sells apparel, footwear, and accessories for men, women, and children. The company has a market cap of 5M as of 2022 and a negative return on equity of -507.22%, indicating that the company has not been very successful in generating profits from investments. This can be attributed to the company’s inability to keep up with current fashion trends, as well as its lack of focus on marketing and promotion. Despite this, the company has still managed to remain successful in the industry, as it has managed to steadily increase its sales over the past few years.

– Brunello Cucinelli SpA ($LTS:0Q7S)

Brunello Cucinelli SpA is an Italian luxury fashion house based in Solomeo, Italy. Founded in 1978, the company specializes in producing and selling garments, cashmere knitwear, leather goods, and accessories. As of 2022, the company has a market cap of 4.74 billion and a Return on Equity of 23.98%. The company has grown significantly since its founding and has seen a steady increase in its market cap over the years. Its Return on Equity indicates that it is performing well relative to its peers in the industry.

Summary

The Louisiana State Employees Retirement System has recently invested a total of $233,000 in Guess‘ Inc. The investment is seen as a strategic move for the pension fund, as Guess’ Inc. has a history of strong performance. The company is well-known for its clothing and accessories products, and its stock prices have been steadily increasing over the past year. The fund is hoping to capitalize on this trend and benefit from the potential long-term growth of the company. Analysts have praised the move, believing that it will be beneficial to both the pension fund and the company.