Hennessy Advisors Inc. trimmed its position in shares of Guess?, Inc. (NYSE:GES - Free Report) by 82.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 322,800 shares of the company's stock after selling 1,518,500 shares during the quarter. Hennessy Advisors Inc. owned approximately 0.63% of Guess? worth $4,539,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of the company. Quest Partners LLC boosted its position in shares of 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 purchasing an additional 849 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Guess? by 11.5% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,627 shares of the company's stock worth $334,000 after purchasing an additional 1,720 shares in the last quarter. Verity Asset Management Inc. boosted its position in shares of Guess? by 14.0% in the 3rd quarter. Verity Asset Management Inc. now owns 16,234 shares of the company's stock worth $327,000 after purchasing an additional 1,989 shares in the last quarter. Segall Bryant & Hamill LLC boosted its position in shares of Guess? by 2.1% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 113,775 shares of the company's stock worth $2,290,000 after purchasing an additional 2,288 shares in the last quarter. Finally, Quarry LP boosted its position in shares of Guess? by 216.9% in the 3rd quarter. Quarry LP now owns 3,359 shares of the company's stock worth $68,000 after purchasing an additional 2,299 shares in the last quarter. 61.74% of the stock is owned by institutional investors.
Guess? Stock Performance
GES traded up $0.16 during mid-day trading on Friday, reaching $12.60. 910,637 shares of the company traded hands, compared to its average volume of 989,688. The stock has a market capitalization of $648.60 million, a P/E ratio of 10.59 and a beta of 1.90. The company has a quick ratio of 0.74, a current ratio of 1.54 and a debt-to-equity ratio of 1.18. The company's fifty day moving average price is $15.23 and its 200-day moving average price is $18.59. Guess?, Inc. has a 52-week low of $12.42 and a 52-week high of $33.50.
Guess? (NYSE:GES - Get Free Report) last announced its earnings results on Tuesday, November 26th. The company reported $0.34 earnings per share for the quarter, missing analysts' consensus estimates of $0.37 by ($0.03). The company had revenue of $738.52 million for the quarter, compared to analysts' expectations of $747.36 million. Guess? had a net margin of 3.19% and a return on equity of 23.29%. Guess?'s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.49 earnings per share. On average, sell-side analysts expect that Guess?, Inc. will post 1.92 EPS for the current year.
Guess? Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Wednesday, December 11th were paid a dividend of $0.30 per share. The ex-dividend date was Wednesday, December 11th. This represents a $1.20 dividend on an annualized basis and a yield of 9.52%. Guess?'s dividend payout ratio is presently 100.84%.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on GES. Telsey Advisory Group decreased their price objective on shares of Guess? from $21.00 to $18.00 and set a "market perform" rating for the company in a report on Wednesday, November 27th. UBS Group decreased their price objective on shares of Guess? from $18.00 to $16.00 and set a "neutral" rating for the company in a report on Wednesday, November 27th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $25.00.
View Our Latest Stock Analysis on Guess?
Guess? Company Profile
(
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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