Pacer Advisors Inc. Sells 968,361 Shares of Guess?, Inc. (NYSE:GES)

Pacer Advisors Inc. lessened its position in Guess?, Inc. (NYSE:GES - Free Report) by 23.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,074,918 shares of the company's stock after selling 968,361 shares during the period. Pacer Advisors Inc. owned about 5.98% of Guess? worth $43,233,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in GES. Quarry LP boosted its position in Guess? by 216.9% in the third quarter. Quarry LP now owns 3,359 shares of the company's stock valued at $68,000 after buying an additional 2,299 shares in the last quarter. Sanctuary Advisors LLC bought a new position in shares of Guess? in the second quarter valued at approximately $160,000. Verity Asset Management Inc. boosted its holdings 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 acquiring an additional 1,989 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Guess? by 11.5% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,627 shares of the company's stock worth $334,000 after acquiring an additional 1,720 shares during the last quarter. Finally, Quest Partners LLC increased its holdings in Guess? by 1,235.5% during the 3rd quarter. Quest Partners LLC now owns 17,428 shares of the company's stock valued at $351,000 after purchasing an additional 16,123 shares in the last quarter. Institutional investors own 61.74% of the company's stock.

Analyst Upgrades and Downgrades

GES has been the topic of a number of recent analyst reports. UBS Group reduced their price objective on Guess? from $18.00 to $16.00 and set a "neutral" rating on the stock in a research note on Wednesday, November 27th. Telsey Advisory Group lowered their price objective on shares of Guess? from $21.00 to $18.00 and set a "market perform" rating for the company in a research report on Wednesday, November 27th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $25.00.

Guess? Trading Down 2.9 %

Guess? stock traded down $0.39 during mid-day trading on Friday, hitting $12.91. The stock had a trading volume of 582,215 shares, compared to its average volume of 1,082,618. The company has a current ratio of 1.54, a quick ratio of 0.74 and a debt-to-equity ratio of 1.18. The stock has a market capitalization of $664.35 million, a PE ratio of 10.85 and a beta of 1.90. The stock has a 50-day simple moving average of $14.57 and a two-hundred day simple moving average of $18.10. Guess?, Inc. has a 12 month low of $12.42 and a 12 month high of $33.50.

Guess? (NYSE:GES - Get Free Report) last announced its quarterly earnings data on Tuesday, November 26th. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.37 by ($0.03). Guess? had a net margin of 3.19% and a return on equity of 23.29%. The business had revenue of $738.52 million during the quarter, compared to the consensus estimate of $747.36 million. During the same period in the previous year, the business posted $0.49 earnings per share. Guess?'s revenue was up 13.4% compared to the same quarter last year. As a group, sell-side analysts forecast 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. Stockholders of record on Wednesday, December 11th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, December 11th. This represents a $1.20 annualized dividend and a dividend yield of 9.30%. Guess?'s payout ratio is currently 100.84%.

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.