Guess?, Inc. (NYSE:GES) Shares Purchased by Foundry Partners LLC

Foundry Partners LLC lifted its holdings in Guess?, Inc. (NYSE:GES - Free Report) by 41.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 266,779 shares of the company's stock after acquiring an additional 78,451 shares during the period. Foundry Partners LLC owned approximately 0.52% of Guess? worth $5,370,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in GES. Quest Partners LLC boosted its holdings in Guess? by 186.2% in the 2nd quarter. Quest Partners LLC now owns 1,305 shares of the company's stock worth $27,000 after acquiring an additional 849 shares during the period. Janney Montgomery Scott LLC acquired a new position in shares of Guess? in the first quarter worth about $208,000. Axxcess Wealth Management LLC acquired a new stake in Guess? during the 1st quarter valued at approximately $245,000. Sanctuary Advisors LLC acquired a new stake in Guess? during the 2nd quarter valued at approximately $160,000. Finally, EMC Capital Management raised its position in shares of Guess? by 10.0% in the 1st quarter. EMC Capital Management now owns 9,908 shares of the company's stock valued at $312,000 after purchasing an additional 903 shares in the last quarter. Hedge funds and other institutional investors own 61.74% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on GES shares. UBS Group cut their price target on shares of Guess? from $24.00 to $22.00 and set a "neutral" rating on the stock in a report on Friday, August 30th. Telsey Advisory Group reduced their price target on shares of Guess? from $26.00 to $21.00 and set a "market perform" rating on the stock in a research report on Thursday, August 29th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Guess? presently has a consensus rating of "Hold" and a consensus price target of $27.25.

Guess? Stock Performance

Shares of NYSE GES traded up $0.44 during midday trading on Friday, hitting $17.07. The company's stock had a trading volume of 834,528 shares, compared to its average volume of 1,108,212. The firm has a market cap of $877.74 million, a P/E ratio of 6.71 and a beta of 1.94. Guess?, Inc. has a 1-year low of $16.05 and a 1-year high of $33.50. The firm's fifty day moving average price is $18.44 and its 200-day moving average price is $21.05. 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? (NYSE:GES - Get Free Report) last released its quarterly earnings data on Wednesday, August 28th. The company reported $0.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.43 by ($0.01). Guess? had a net margin of 6.05% and a return on equity of 24.18%. The company had revenue of $732.60 million for the quarter, compared to analyst estimates of $729.96 million. During the same quarter in the prior year, the firm earned $0.72 EPS. The company's revenue for the quarter was up 10.2% compared to the same quarter last year. On average, sell-side analysts forecast that Guess?, Inc. will post 2.63 EPS for the current fiscal year.

Guess? Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Wednesday, September 11th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 7.03%. The ex-dividend date of this dividend was Wednesday, September 11th. Guess?'s payout ratio is currently 48.39%.

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.