Sanctuary Advisors LLC Acquires 683,185 Shares of Guess?, Inc. (NYSE:GES)

Sanctuary Advisors LLC lifted its stake in shares of Guess?, Inc. (NYSE:GES - Free Report) by 8,708.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 691,030 shares of the company's stock after purchasing an additional 683,185 shares during the period. Sanctuary Advisors LLC owned approximately 1.34% of Guess? worth $13,910,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Pacer Advisors Inc. acquired a new position in Guess? during the second quarter valued at $82,286,000. Millennium Management LLC increased its stake in Guess? by 2,180.2% in the 2nd quarter. Millennium Management LLC now owns 1,370,131 shares of the company's stock valued at $27,951,000 after buying an additional 1,310,042 shares during the period. Hennessy Advisors Inc. lifted its position in Guess? by 41.6% in the 2nd quarter. Hennessy Advisors Inc. now owns 1,615,800 shares of the company's stock worth $32,962,000 after buying an additional 474,700 shares in the last quarter. Bank of Montreal Can lifted its position in Guess? by 75.7% in the 2nd quarter. Bank of Montreal Can now owns 914,447 shares of the company's stock worth $19,039,000 after buying an additional 394,023 shares in the last quarter. Finally, WINTON GROUP Ltd grew its holdings in shares of Guess? by 423.1% during the 2nd quarter. WINTON GROUP Ltd now owns 191,982 shares of the company's stock valued at $3,916,000 after acquiring an additional 155,281 shares in the last quarter. 61.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. UBS Group reduced their price objective on Guess? from $18.00 to $16.00 and set a "neutral" rating for the company in a research report on Wednesday, November 27th. Telsey Advisory Group reduced 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 note on Wednesday, November 27th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $25.00.

Guess? Stock Performance

GES stock traded up $0.22 during mid-day trading on Friday, reaching $15.33. 794,594 shares of the stock traded hands, compared to its average volume of 1,122,672. The company has a quick ratio of 0.74, a current ratio of 1.54 and a debt-to-equity ratio of 1.18. The business has a 50-day moving average of $17.45 and a two-hundred day moving average of $19.99. The firm has a market capitalization of $788.84 million, a PE ratio of 12.88 and a beta of 1.89. Guess?, Inc. has a 52 week low of $14.95 and a 52 week high of $33.50.

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

Guess? Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Wednesday, December 11th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, December 11th. This represents a $1.20 annualized dividend and a yield of 7.83%. Guess?'s dividend payout ratio (DPR) is 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.