Guess?, Inc. (NYSE:GES) Shares Acquired by Sanctuary Advisors LLC

Sanctuary Advisors LLC boosted its stake in shares of Guess?, Inc. (NYSE:GES) by 8,708.5% in the third quarter, HoldingsChannel reports. The firm owned 691,030 shares of the company’s stock after purchasing an additional 683,185 shares during the quarter. Sanctuary Advisors LLC’s holdings in Guess? were worth $13,910,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its stake in Guess? by 6.8% during the 3rd quarter. Geode Capital Management LLC now owns 311,496 shares of the company’s stock valued at $6,274,000 after purchasing an additional 19,750 shares during the period. Quarry LP raised its holdings in shares of Guess? by 216.9% during the third quarter. Quarry LP now owns 3,359 shares of the company’s stock valued at $68,000 after buying an additional 2,299 shares during the last quarter. BNP Paribas Financial Markets boosted its position in shares of Guess? by 2.2% during the third quarter. BNP Paribas Financial Markets now owns 939,594 shares of the company’s stock worth $18,914,000 after buying an additional 20,054 shares during the period. Quantbot Technologies LP grew its holdings in Guess? by 4.0% in the 3rd quarter. Quantbot Technologies LP now owns 112,139 shares of the company’s stock worth $2,257,000 after buying an additional 4,284 shares in the last quarter. Finally, Bank of Montreal Can increased its position in Guess? by 2.3% in the 3rd quarter. Bank of Montreal Can now owns 935,426 shares of the company’s stock valued at $18,783,000 after acquiring an additional 20,979 shares during the period. 61.74% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Telsey Advisory Group reduced their price target on Guess? from $21.00 to $18.00 and set a “market perform” rating for the company in a research report on Wednesday, November 27th. UBS Group reduced their price objective on shares of Guess? from $18.00 to $16.00 and set a “neutral” rating for the company in a report on Wednesday, November 27th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Guess? currently has an average rating of “Hold” and an average target price of $25.00.

Guess? Price Performance

Shares of NYSE:GES opened at $15.33 on Friday. The stock has a market cap of $788.84 million, a price-to-earnings ratio of 12.88 and a beta of 1.89. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.54 and a quick ratio of 0.74. Guess?, Inc. has a 12 month low of $14.95 and a 12 month high of $33.50. The stock’s 50 day moving average price is $17.55 and its 200 day moving average price is $20.05.

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 return on equity of 23.29% and a net margin of 3.19%. The firm had revenue of $738.52 million during the quarter, compared to the consensus estimate of $747.36 million. During the same period in the prior year, the firm posted $0.49 EPS. The firm’s quarterly revenue was up 13.4% on a year-over-year basis. Equities research analysts anticipate that Guess?, Inc. will post 1.92 earnings per share for the current fiscal year.

Guess? Announces Dividend

The firm 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. This represents a $1.20 dividend on an annualized basis and a yield of 7.83%. The ex-dividend date is Wednesday, December 11th. Guess?’s payout ratio is 100.84%.

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.