Guess?, Inc. (NYSE:GES) Shares Acquired by Quantbot Technologies LP

Quantbot Technologies LP boosted its holdings in Guess?, Inc. (NYSE:GES) by 4.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 112,139 shares of the company’s stock after acquiring an additional 4,284 shares during the period. Quantbot Technologies LP’s holdings in Guess? were worth $2,257,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Quest Partners LLC grew its position in shares of Guess? by 186.2% in the second quarter. Quest Partners LLC now owns 1,305 shares of the company’s stock valued at $27,000 after purchasing an additional 849 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in Guess? in the 2nd quarter valued at approximately $160,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Guess? by 72.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,092 shares of the company’s stock valued at $206,000 after buying an additional 4,254 shares during the last quarter. Optimist Retirement Group LLC purchased a new position in Guess? during the second quarter worth $212,000. Finally, Quadrature Capital Ltd acquired a new position in shares of Guess? in the first quarter worth $352,000. 61.74% of the stock is currently owned by hedge funds and other institutional investors.

Guess? Stock Performance

Guess? stock opened at $16.39 on Friday. The stock has a fifty day moving average price of $18.19 and a 200 day moving average price of $20.71. Guess?, Inc. has a 52 week low of $15.24 and a 52 week high of $33.50. The firm has a market capitalization of $842.81 million, a P/E ratio of 6.61 and a beta of 1.94. The company has a current ratio of 1.47, a quick ratio of 0.76 and a debt-to-equity ratio of 1.01.

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

Guess? Dividend Announcement

The business 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 dividend on an annualized basis and a dividend yield of 7.32%. Guess?’s dividend payout ratio (DPR) is presently 48.39%.

Analysts Set New Price Targets

A number of analysts recently commented on the company. UBS Group decreased their price objective on Guess? from $18.00 to $16.00 and set a “neutral” rating on the stock in a research note on Wednesday. Telsey Advisory Group reduced 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 company currently has an average rating of “Hold” and an average price target of $25.00.

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.