Empowered Funds LLC Has $5.06 Million Stock Position in Guess?, Inc. (NYSE:GES)

Empowered Funds LLC boosted its holdings in Guess?, Inc. (NYSE:GES - Free Report) by 52.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 251,166 shares of the company's stock after buying an additional 86,940 shares during the quarter. Empowered Funds LLC owned approximately 0.49% of Guess? worth $5,056,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Quest Partners LLC raised its stake in shares of Guess? by 186.2% during the second quarter. Quest Partners LLC now owns 1,305 shares of the company's stock valued at $27,000 after acquiring an additional 849 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in Guess? during the 1st quarter worth $208,000. Axxcess Wealth Management LLC bought a new stake in shares of Guess? in the 1st quarter valued at about $245,000. Sanctuary Advisors LLC acquired a new stake in shares of Guess? in the second quarter valued at about $160,000. Finally, EMC Capital Management raised its position in shares of Guess? by 10.0% during the first quarter. EMC Capital Management now owns 9,908 shares of the company's stock worth $312,000 after acquiring an additional 903 shares during the last quarter. 61.74% of the stock is currently owned by institutional investors and hedge funds.

Guess? Trading Down 2.0 %

Shares of GES stock traded down $0.33 during trading hours on Monday, hitting $16.44. 1,025,397 shares of the company were exchanged, compared to its average volume of 1,113,187. The company has a 50 day simple moving average of $18.64 and a two-hundred day simple moving average of $21.25. The firm has a market cap of $845.34 million, a P/E ratio of 6.76 and a beta of 1.94. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.76 and a current ratio of 1.47. Guess?, Inc. has a fifty-two week low of $16.43 and a fifty-two week high of $33.50.

Guess? (NYSE:GES - Get Free Report) last posted its quarterly 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). Guess? had a return on equity of 24.18% and a net margin of 6.05%. The company had revenue of $732.60 million during the quarter, compared to analyst estimates of $729.96 million. During the same quarter in the previous year, the business posted $0.72 earnings per share. The company's revenue for the quarter was up 10.2% compared to the same quarter last year. Equities analysts anticipate that Guess?, Inc. will post 2.63 EPS for the current year.

Guess? Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Wednesday, September 11th were paid a $0.30 dividend. The ex-dividend date was Wednesday, September 11th. This represents a $1.20 dividend on an annualized basis and a yield of 7.30%. Guess?'s dividend payout ratio (DPR) is presently 48.39%.

Analysts Set New Price Targets

A number of analysts have weighed in on GES shares. UBS Group decreased their target price on shares of Guess? from $24.00 to $22.00 and set a "neutral" rating for the company in a research report on Friday, August 30th. Telsey Advisory Group lowered their target price on shares of Guess? from $26.00 to $21.00 and set a "market perform" rating for the company in a research note on Thursday, August 29th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $27.25.

Guess? Company Profile

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.