1620 Investment Advisors Inc. Has $396,000 Stake in Guess?, Inc. (NYSE:GES)

1620 Investment Advisors Inc. lowered its holdings in Guess?, Inc. (NYSE:GES) by 8.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,662 shares of the company’s stock after selling 1,848 shares during the period. 1620 Investment Advisors Inc.’s holdings in Guess? were worth $396,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GES. Pacer Advisors Inc. bought a new position in shares of Guess? in the 2nd quarter valued at about $82,286,000. Millennium Management LLC raised its stake in shares of Guess? by 2,180.2% during the 2nd quarter. Millennium Management LLC now owns 1,370,131 shares of the company’s stock worth $27,951,000 after purchasing an additional 1,310,042 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Guess? by 15.7% in the 1st quarter. Vanguard Group Inc. now owns 3,879,570 shares of the company’s stock valued at $122,090,000 after buying an additional 525,064 shares during the last quarter. Hennessy Advisors Inc. grew its stake in shares of 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 buying an additional 474,700 shares in the last quarter. Finally, Bank of Montreal Can increased its holdings in Guess? by 75.7% during the second 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 during the last quarter. 61.74% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have commented on the stock. UBS Group decreased their price objective on shares of Guess? from $24.00 to $22.00 and set a “neutral” rating for the company in a research report on Friday, August 30th. Telsey Advisory Group lowered their price target on Guess? from $26.00 to $21.00 and set a “market perform” rating on the stock in a research report on Thursday, August 29th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $27.25.

Guess? Stock Performance

NYSE GES opened at $17.16 on Thursday. The stock has a market cap of $882.40 million, a PE ratio of 6.92 and a beta of 1.92. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.76 and a current ratio of 1.47. The firm has a 50-day moving average of $19.43 and a 200-day moving average of $22.04. Guess?, Inc. has a 52-week low of $17.16 and a 52-week high of $33.50.

Guess? (NYSE:GES) last issued 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). The firm had revenue of $732.60 million for the quarter, compared to the consensus estimate of $729.96 million. Guess? had a return on equity of 24.18% and a net margin of 6.05%. The company’s revenue was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.72 EPS. On average, sell-side analysts anticipate that Guess?, Inc. will post 2.63 EPS for the current year.

Guess? Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Wednesday, September 11th were given a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, September 11th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.99%. Guess?’s payout ratio 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.