Insiders are generally long-term investors due to restriction in making short-term profits. In contrast, wealth management institutions always have short-term investment. Wall St. Watchdog reveals information regarding the insiders and institutions which recently increased stock shares of Guess? Inc. (NYSE:GES).
SEC data indicate that these institutions significantly increased their stock shares of Guess? Inc. in Q3 2011:
TIGER CONSUMER MANAGEMENT, LLC: On 06/30/2011, held 0 shares. On 09/30/2011, held 1,324,144 shares, worth $37,724,863.
RENAISSANCE TECHNOLOGIES LLC: On 06/30/2011, held 0 shares. On 09/30/2011, held 625,000 shares, worth $17,806,250.
PHILADELPHIA TRUST CO: On 06/30/2011, held 0 shares. On 09/30/2011, held 311,405 shares, worth $8,871,928.
NEW AMSTERDAM PARTNERS LLC/NY: On 06/30/2011, held 0 shares. On 09/30/2011, held 303,277 shares, worth $8,640,362.
AGF INVESTMENTS INC.: On 06/30/2011, held 0 shares. On 09/30/2011, held 270,000 shares, worth $7,692,300.
About the company: Guess?, Inc. designs, markets, distributes, and licenses a collection of casual apparel, accessories, and related consumer products. The Company’s apparel for men, women, and girls are marketed under branded names. Guess? provides full collections of denim and cotton clothing and has granted licenses to manufacture complementary products.
Competitors to Watch: Liz Claiborne, Inc. (NYSE:LIZ), The Wet Seal, Inc. (NASDAQ:WTSLA), Express, Inc. (NYSE:EXPR), Destination Maternity Corp. (NASDAQ:DEST), The Cato Corporation (NYSE:CATO), bebe stores, inc. (NASDAQ:BEBE), Cache, Inc. (NASDAQ:CACH), Carter’s, Inc. (NYSE:CRI), The Talbots, Inc. (NYSE:TLB), and Ascena Retail Group Inc (NASDAQ:ASNA).
(Note: Data regarding Guess? Inc.’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)
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