Royce & Associates LP Has $1 Million Stock Position in Guess?, Inc. (NYSE:GES)

Royce & Associates LP increased its position in Guess?, Inc. (NYSE:GES - Free Report) by 224.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 49,808 shares of the company's stock after purchasing an additional 34,435 shares during the quarter. Royce & Associates LP owned 0.10% of Guess? worth $1,003,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Pacer Advisors Inc. purchased a new position in shares of Guess? in the second quarter valued at $82,286,000. Vanguard Group Inc. raised its holdings in Guess? by 15.7% in the first quarter. Vanguard Group Inc. now owns 3,879,570 shares of the company's stock valued at $122,090,000 after acquiring an additional 525,064 shares in the last quarter. Hennessy Advisors Inc. raised its holdings in Guess? by 41.6% in the second quarter. Hennessy Advisors Inc. now owns 1,615,800 shares of the company's stock valued at $32,962,000 after acquiring an additional 474,700 shares in the last quarter. LSV Asset Management raised its holdings in Guess? by 0.6% in 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. Finally, Millennium Management LLC raised its holdings in Guess? by 2,180.2% in the second quarter. Millennium Management LLC now owns 1,370,131 shares of the company's stock valued at $27,951,000 after acquiring an additional 1,310,042 shares in the last quarter. 61.74% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

GES has been the topic of several recent analyst reports. Telsey Advisory Group cut their price target on shares of Guess? from $26.00 to $21.00 and set a "market perform" rating on the stock in a report on Thursday, August 29th. UBS Group dropped their target price on shares of Guess? from $24.00 to $22.00 and set a "neutral" rating on the stock in a report on Friday, August 30th. 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 presently has a consensus rating of "Hold" and an average target price of $27.25.

Guess? Stock Performance

Shares of GES stock traded up $0.43 during trading hours on Thursday, reaching $16.63. The stock had a trading volume of 661,863 shares, compared to its average volume of 1,109,038. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.47 and a quick ratio of 0.76. Guess?, Inc. has a twelve month low of $16.05 and a twelve month high of $33.50. The firm has a 50-day simple moving average of $18.48 and a 200-day simple moving average of $21.08. The firm has a market capitalization of $855.11 million, a PE ratio of 6.53 and a beta of 1.94.

Guess? (NYSE:GES - Get Free Report) last announced its earnings results on Wednesday, August 28th. The company reported $0.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.43 by ($0.01). The company had revenue of $732.60 million during the quarter, compared to the consensus estimate of $729.96 million. Guess? had a net margin of 6.05% and a return on equity of 24.18%. The business's quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.72 EPS. As a group, equities analysts forecast that Guess?, Inc. will post 2.63 earnings per share for the current year.

Guess? Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Wednesday, September 11th were given a dividend of $0.30 per share. The ex-dividend date was Wednesday, September 11th. This represents a $1.20 annualized dividend and a dividend yield of 7.22%. Guess?'s dividend payout ratio (DPR) is 48.39%.

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.