Empowered Funds LLC Acquires 86,940 Shares of Guess?, Inc. (NYSE:GES)

Empowered Funds LLC boosted its stake in shares of Guess?, Inc. (NYSE:GES) by 52.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 251,166 shares of the company’s stock after purchasing an additional 86,940 shares during the quarter. Empowered Funds LLC owned about 0.49% of Guess? worth $5,056,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of GES. SummerHaven Investment Management LLC boosted its holdings in shares of Guess? by 1.7% during the 2nd quarter. SummerHaven Investment Management LLC now owns 38,433 shares of the company’s stock worth $784,000 after buying an additional 642 shares during the period. Quest Partners LLC lifted its position in Guess? by 186.2% during the second quarter. Quest Partners LLC now owns 1,305 shares of the company’s stock worth $27,000 after acquiring an additional 849 shares during the last quarter. EMC Capital Management lifted its position in Guess? by 10.0% during the first quarter. EMC Capital Management now owns 9,908 shares of the company’s stock worth $312,000 after acquiring an additional 903 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Guess? by 4.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 23,315 shares of the company’s stock worth $734,000 after acquiring an additional 1,076 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in shares of Guess? by 11.5% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,627 shares of the company’s stock valued at $334,000 after purchasing an additional 1,720 shares during the last quarter. 61.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GES has been the subject of several recent research reports. UBS Group reduced their price target on Guess? from $24.00 to $22.00 and set a “neutral” rating for the company in a research note on Friday, August 30th. Telsey Advisory Group reduced their target price on shares of Guess? from $26.00 to $21.00 and set a “market perform” rating for the company in a research report on Thursday, August 29th. Four investment 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, the company currently has a consensus rating of “Hold” and a consensus price target of $27.25.

Guess? Trading Down 1.0 %

Shares of GES stock opened at $16.77 on Monday. The stock has a market cap of $862.31 million, a P/E ratio of 6.76 and a beta of 1.94. Guess?, Inc. has a 1 year low of $16.67 and a 1 year high of $33.50. The company has a current ratio of 1.47, a quick ratio of 0.76 and a debt-to-equity ratio of 1.01. The stock has a 50 day simple moving average of $18.64 and a 200 day simple moving average of $21.28.

Guess? (NYSE:GES) last released its earnings results on Wednesday, August 28th. The company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.01). Guess? had a net margin of 6.05% and a return on equity of 24.18%. The company had revenue of $732.60 million for the quarter, compared to the consensus estimate of $729.96 million. During the same quarter in the previous year, the company posted $0.72 earnings per share. The business’s revenue was up 10.2% compared to the same quarter last year. On average, research analysts predict that Guess?, Inc. will post 2.63 earnings per share for the current fiscal year.

Guess? Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Wednesday, September 11th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 7.16%. The ex-dividend date was Wednesday, September 11th. Guess?’s dividend payout ratio is currently 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.