Charles Schwab Investment Management Inc. raised its holdings in Guess?, Inc. (NYSE:GES - Free Report) by 4.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,215,395 shares of the company's stock after purchasing an additional 54,990 shares during the quarter. Charles Schwab Investment Management Inc. owned 2.36% of Guess? worth $24,466,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GES. Price T Rowe Associates Inc. MD lifted its position in shares of Guess? by 4.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 23,315 shares of the company's stock valued at $734,000 after buying an additional 1,076 shares in the last quarter. Comerica Bank increased its stake in shares of Guess? by 73.8% during the first quarter. Comerica Bank now owns 21,886 shares of the company's stock worth $689,000 after purchasing an additional 9,294 shares in the last quarter. Wedge Capital Management L L P NC raised its position in shares of Guess? by 36.4% during the 2nd quarter. Wedge Capital Management L L P NC now owns 55,556 shares of the company's stock worth $1,133,000 after purchasing an additional 14,833 shares during the last quarter. TCW Group Inc. boosted its holdings in Guess? by 110.6% in the 2nd quarter. TCW Group Inc. now owns 78,693 shares of the company's stock worth $1,605,000 after buying an additional 41,331 shares during the last quarter. Finally, 1620 Investment Advisors Inc. boosted its stake in shares of Guess? by 8.9% in the second quarter. 1620 Investment Advisors Inc. now owns 21,510 shares of the company's stock worth $439,000 after acquiring an additional 1,753 shares during the last quarter. 61.74% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
GES has been the subject of several recent research reports. Telsey Advisory Group reduced their price objective on Guess? from $21.00 to $18.00 and set a "market perform" rating for the company in a research note on Wednesday, November 27th. UBS Group decreased their price target on shares of Guess? from $18.00 to $16.00 and set a "neutral" rating on the stock in a research note on Wednesday, November 27th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $25.00.
Read Our Latest Research Report on GES
Guess? Trading Up 1.8 %
Shares of GES traded up $0.29 during midday trading on Friday, reaching $16.62. The company had a trading volume of 753,400 shares, compared to its average volume of 1,119,620. The firm has a 50 day simple moving average of $17.93 and a 200-day simple moving average of $20.37. The company has a quick ratio of 0.74, a current ratio of 1.54 and a debt-to-equity ratio of 1.28. The stock has a market cap of $854.63 million, a PE ratio of 13.71 and a beta of 1.89. Guess?, Inc. has a 1-year low of $15.24 and a 1-year high of $33.50.
Guess? (NYSE:GES - Get Free Report) last issued its earnings results on Tuesday, November 26th. The company reported $0.34 EPS for the quarter, missing analysts' consensus estimates of $0.37 by ($0.03). Guess? had a return on equity of 23.68% and a net margin of 3.19%. The firm had revenue of $738.52 million for the quarter, compared to analysts' expectations of $747.36 million. During the same period last year, the firm earned $0.49 earnings per share. Guess?'s revenue for the quarter was up 13.4% on a year-over-year basis. Research analysts forecast that Guess?, Inc. will post 1.92 EPS for the current fiscal year.
Guess? Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Wednesday, December 11th will be paid a dividend of $0.30 per share. The ex-dividend date is Wednesday, December 11th. This represents a $1.20 annualized dividend and a yield of 7.22%. Guess?'s dividend payout ratio (DPR) is 100.84%.
About Guess?
(
Free Report)
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.
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