Victory Capital Management Inc. Has $834,000 Stake in Guess?, Inc. (NYSE:GES)

Victory Capital Management Inc. lowered its stake in shares of Guess?, Inc. (NYSE:GES) by 14.9% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 41,439 shares of the company’s stock after selling 7,279 shares during the period. Victory Capital Management Inc. owned approximately 0.08% of Guess? worth $834,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in GES. Vanguard Group Inc. boosted its stake in Guess? by 15.7% during the 1st quarter. Vanguard Group Inc. now owns 3,879,570 shares of the company’s stock valued at $122,090,000 after purchasing an additional 525,064 shares during the last quarter. Quadrature Capital Ltd purchased a new position in shares of Guess? in the 1st quarter worth approximately $352,000. Price T Rowe Associates Inc. MD boosted its stake in shares of Guess? by 4.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 23,315 shares of the company’s stock worth $734,000 after buying an additional 1,076 shares during the last quarter. Comerica Bank raised its holdings in shares of Guess? by 73.8% in the 1st quarter. Comerica Bank now owns 21,886 shares of the company’s stock worth $689,000 after purchasing an additional 9,294 shares during the period. Finally, Virtu Financial LLC bought a new stake in shares of Guess? in the 1st quarter worth approximately $717,000. Institutional investors and hedge funds own 61.74% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on GES shares. UBS Group lowered their price target on shares of Guess? from $18.00 to $16.00 and set a “neutral” rating on the stock in a report on Wednesday. Telsey Advisory Group lowered their target price on shares of Guess? from $21.00 to $18.00 and set a “market perform” rating on the stock in a report on Wednesday. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $25.00.

Guess? Stock Down 5.4 %

GES opened at $16.39 on Thursday. The company has a fifty day moving average price of $18.26 and a 200-day moving average price of $20.74. The firm has a market capitalization of $842.77 million, a P/E ratio of 6.61 and a beta of 1.94. 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 one year low of $15.24 and a one year high of $33.50.

Guess? (NYSE:GES) last released its quarterly earnings results on Tuesday, November 26th. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.03). The firm had revenue of $738.52 million for the quarter, compared to analysts’ expectations of $747.36 million. Guess? had a net margin of 6.05% and a return on equity of 24.18%. The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.49 earnings per share. Equities research analysts expect that Guess?, Inc. will post 2.63 earnings per share for the current fiscal year.

Guess? Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Wednesday, December 11th will be given 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 7.32%. Guess?’s dividend payout ratio (DPR) is presently 48.39%.

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.