Foundry Partners LLC Lowers Stock Position in Guess?, Inc. (NYSE:GES)

Foundry Partners LLC cut its stake in shares of Guess?, Inc. (NYSE:GES - Free Report) by 34.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 188,328 shares of the company's stock after selling 99,208 shares during the quarter. Foundry Partners LLC owned approximately 0.35% of Guess? worth $3,842,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SummerHaven Investment Management LLC lifted its stake in Guess? by 1.7% in the second quarter. SummerHaven Investment Management LLC now owns 38,433 shares of the company's stock worth $784,000 after acquiring an additional 642 shares during the period. EMC Capital Management raised its holdings 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. Price T Rowe Associates Inc. MD lifted its position in shares of Guess? by 4.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 23,315 shares of the company's stock worth $734,000 after purchasing an additional 1,076 shares during the period. 1620 Investment Advisors Inc. lifted its position in shares of Guess? by 8.9% in the 2nd quarter. 1620 Investment Advisors Inc. now owns 21,510 shares of the company's stock worth $439,000 after purchasing an additional 1,753 shares during the period. Finally, Headlands Technologies LLC bought a new stake in Guess? during the 1st quarter valued at $60,000. Institutional investors own 61.74% of the company's stock.

Guess? Stock Down 1.1 %

GES stock traded down $0.22 on Friday, hitting $19.11. 973,555 shares of the company's stock were exchanged, compared to its average volume of 1,226,030. The firm has a 50 day moving average price of $21.78 and a two-hundred day moving average price of $24.31. Guess?, Inc. has a 12-month low of $19.07 and a 12-month high of $33.50. The stock has a market cap of $1.02 billion, a P/E ratio of 5.70 and a beta of 1.92. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.85 and a current ratio of 1.47.

Guess? (NYSE:GES - Get Free Report) last issued its quarterly earnings results on Wednesday, August 28th. The company reported $0.42 earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by ($0.01). The business had revenue of $732.60 million for the quarter, compared to analysts' expectations of $729.96 million. Guess? had a return on equity of 24.59% and a net margin of 6.05%. Guess?'s revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.72 EPS. As a group, equities research analysts expect 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 will be paid on Friday, September 27th. Stockholders of record on Wednesday, September 11th will be paid a dividend of $0.30 per share. The ex-dividend date is Wednesday, September 11th. This represents a $1.20 annualized dividend and a dividend yield of 6.28%. Guess?'s payout ratio is currently 35.82%.

Wall Street Analyst Weigh In

GES has been the topic of a number of recent research reports. StockNews.com downgraded Guess? from a "buy" rating to a "hold" rating in a research report on Monday, June 3rd. Telsey Advisory Group decreased their price target on shares of Guess? from $26.00 to $21.00 and set a "market perform" rating for the company in a research report on Thursday, August 29th. Finally, UBS Group cut their price objective on shares of Guess? from $24.00 to $22.00 and set a "neutral" rating on the stock in a research report on Friday, August 30th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $27.25.

About Guess?

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.