Vanguard Group Inc. Has $29.73 Million Position in Guess?, Inc. $GES

Vanguard Group Inc. lowered its holdings in shares of Guess?, Inc. (NYSE:GES) by 18.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,685,656 shares of the company’s stock after selling 588,909 shares during the quarter. Vanguard Group Inc. owned 5.18% of Guess? worth $29,730,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. GAMMA Investing LLC raised its position in shares of Guess? by 713.0% during the first quarter. GAMMA Investing LLC now owns 2,317 shares of the company’s stock worth $26,000 after purchasing an additional 2,032 shares during the period. Parallel Advisors LLC raised its stake in shares of Guess? by 9,137.0% in the 1st quarter. Parallel Advisors LLC now owns 2,494 shares of the company’s stock valued at $28,000 after purchasing an additional 2,467 shares during the period. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Guess? by 507.5% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 3,900 shares of the company’s stock valued at $43,000 after purchasing an additional 3,258 shares during the period. CWM LLC raised its stake in shares of Guess? by 3,085.0% in the 1st quarter. CWM LLC now owns 4,236 shares of the company’s stock valued at $47,000 after purchasing an additional 4,103 shares during the period. Finally, US Bancorp DE raised its stake in shares of Guess? by 4,168.7% in the 1st quarter. US Bancorp DE now owns 4,226 shares of the company’s stock valued at $47,000 after purchasing an additional 4,127 shares during the period. Institutional investors and hedge funds own 61.74% of the company’s stock.

Guess? Price Performance

NYSE:GES opened at $16.86 on Thursday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.76 and a current ratio of 1.57. The stock’s 50-day simple moving average is $13.42 and its 200 day simple moving average is $11.93. The company has a market cap of $876.80 million, a P/E ratio of -70.23 and a beta of 1.24. Guess?, Inc. has a 52-week low of $8.48 and a 52-week high of $21.26.

Guess? (NYSE:GES) last released its earnings results on Wednesday, August 27th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.10. The business had revenue of $772.94 million for the quarter, compared to the consensus estimate of $758.72 million. Guess? had a return on equity of 18.25% and a net margin of 0.47%.Guess?’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.42 earnings per share. As a group, sell-side analysts forecast that Guess?, Inc. will post 1.92 EPS for the current fiscal year.

Guess? Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Wednesday, September 10th will be given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.3%. Guess?’s dividend payout ratio is currently -500.00%.

Analyst Ratings Changes

GES has been the topic of several recent research reports. UBS Group lifted their price target on Guess? from $12.00 to $13.00 and gave the company a “neutral” rating in a research note on Tuesday, August 19th. Telsey Advisory Group lifted their price target on Guess? from $13.00 to $16.75 and gave the company a “market perform” rating in a research note on Thursday, August 21st. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Guess? currently has a consensus rating of “Hold” and an average target price of $14.88.

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.