Royce & Associates LP Purchases 34,435 Shares of Guess?, Inc. (NYSE:GES)

Royce & Associates LP lifted its position in Guess?, Inc. (NYSE:GES - Free Report) by 224.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. 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 about 0.10% of Guess? worth $1,003,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Quest Partners LLC increased its stake in 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 acquiring an additional 849 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in shares of Guess? in the first quarter worth approximately $208,000. Axxcess Wealth Management LLC purchased a new stake in Guess? in the first quarter valued at approximately $245,000. Sanctuary Advisors LLC purchased a new position in Guess? in the 2nd quarter worth approximately $160,000. Finally, EMC Capital Management increased 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 worth $312,000 after buying an additional 903 shares during the last quarter. Institutional investors own 61.74% of the company's stock.

Wall Street Analysts Forecast Growth

GES has been the subject of a number of research analyst reports. UBS Group dropped their price objective on shares of Guess? from $24.00 to $22.00 and set a "neutral" rating for the company in a report on Friday, August 30th. Telsey Advisory Group dropped their price target on Guess? from $26.00 to $21.00 and set a "market perform" rating for the company in a research note on Thursday, August 29th. Four equities research 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 company presently has an average rating of "Hold" and an average price target of $27.25.

Guess? Price Performance

GES stock opened at $16.20 on Thursday. The firm has a market cap of $833.00 million, a P/E ratio of 6.53 and a beta of 1.94. The firm's fifty day moving average is $18.48 and its 200 day moving average is $21.08. Guess?, Inc. has a 52 week low of $16.05 and a 52 week high of $33.50. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.76 and a current ratio of 1.47.

Guess? (NYSE:GES - Get Free Report) last announced its quarterly earnings data 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). Guess? had a net margin of 6.05% and a return on equity of 24.18%. The company had revenue of $732.60 million for the quarter, compared to the consensus estimate of $729.96 million. During the same period last year, the business posted $0.72 earnings per share. The firm's quarterly revenue was up 10.2% compared to the same quarter last year. Research analysts predict that Guess?, Inc. will post 2.63 earnings per share for the current year.

Guess? Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Wednesday, September 11th were given a $0.30 dividend. The ex-dividend date was Wednesday, September 11th. This represents a $1.20 annualized dividend and a yield of 7.41%. Guess?'s payout ratio is currently 48.39%.

Guess? 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.