Principal Financial Group Inc. Lowers Holdings in Guess?, Inc. (NYSE:GES)

Principal Financial Group Inc. decreased its stake in shares of Guess?, Inc. (NYSE:GES - Free Report) by 23.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 131,757 shares of the company's stock after selling 41,120 shares during the quarter. Principal Financial Group Inc. owned about 0.26% of Guess? worth $2,652,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Pacer Advisors Inc. acquired a new position in Guess? during the 2nd quarter worth approximately $82,286,000. LSV Asset Management increased its holdings in shares of Guess? by 0.6% during the second quarter. LSV Asset Management now owns 1,454,320 shares of the company's stock valued at $29,668,000 after acquiring an additional 9,100 shares in the last quarter. Millennium Management LLC raised its position in shares of Guess? by 2,180.2% during the second quarter. Millennium Management LLC now owns 1,370,131 shares of the company's stock worth $27,951,000 after purchasing an additional 1,310,042 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Guess? by 4.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,215,395 shares of the company's stock worth $24,466,000 after purchasing an additional 54,990 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Guess? by 2.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 939,594 shares of the company's stock worth $18,914,000 after purchasing an additional 20,054 shares in the last quarter. Institutional investors own 61.74% of the company's stock.

Guess? Stock Performance

GES stock traded up $0.34 during midday trading on Friday, hitting $14.15. The company's stock had a trading volume of 778,082 shares, compared to its average volume of 806,241. Guess?, Inc. has a 1 year low of $13.31 and a 1 year high of $33.50. The stock has a market cap of $728.16 million, a price-to-earnings ratio of 11.89 and a beta of 1.89. The stock's 50-day moving average price is $16.02 and its 200 day moving average price is $19.08. The company has a quick ratio of 0.74, a current ratio of 1.54 and a debt-to-equity ratio of 1.18.

Guess? (NYSE:GES - Get Free Report) last announced its quarterly earnings data on Tuesday, November 26th. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.03). Guess? had a return on equity of 23.29% and a net margin of 3.19%. The company had revenue of $738.52 million during the quarter, compared to the consensus estimate of $747.36 million. During the same period in the prior year, the firm posted $0.49 EPS. The business's revenue was up 13.4% on a year-over-year basis. On average, equities analysts forecast that Guess?, Inc. will post 1.92 EPS for the current year.

Guess? Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors 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 dividend yield of 8.48%. Guess?'s payout ratio is 100.84%.

Analyst Ratings Changes

GES has been the subject of a number of recent research reports. UBS Group decreased their price target on shares of Guess? from $18.00 to $16.00 and set a "neutral" rating for the company in a research note on Wednesday, November 27th. Telsey Advisory Group decreased their target price 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 investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $25.00.

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.