Quantbot Technologies LP Increases Stock Position in Guess?, Inc. (NYSE:GES)

Quantbot Technologies LP increased its holdings in Guess?, Inc. (NYSE:GES) by 4.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 112,139 shares of the company’s stock after acquiring an additional 4,284 shares during the quarter. Quantbot Technologies LP owned approximately 0.22% of Guess? worth $2,257,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of GES. Vanguard Group Inc. increased its stake in Guess? by 15.7% in the first quarter. Vanguard Group Inc. now owns 3,879,570 shares of the company’s stock valued at $122,090,000 after purchasing an additional 525,064 shares during the period. Foundry Partners LLC grew its holdings in shares of Guess? by 41.7% during the third quarter. Foundry Partners LLC now owns 266,779 shares of the company’s stock worth $5,370,000 after buying an additional 78,451 shares during the last quarter. TCW Group Inc. increased its position in Guess? by 110.6% in the 2nd quarter. TCW Group Inc. now owns 78,693 shares of the company’s stock valued at $1,605,000 after acquiring an additional 41,331 shares during the period. WINTON GROUP Ltd raised its stake in Guess? by 423.1% during the 2nd quarter. WINTON GROUP Ltd now owns 191,982 shares of the company’s stock valued at $3,916,000 after acquiring an additional 155,281 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in Guess? during the 1st quarter worth approximately $717,000. Hedge funds and other institutional investors own 61.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. UBS Group cut their price target on Guess? from $18.00 to $16.00 and set a “neutral” rating for the company in a research note on Wednesday. Telsey Advisory Group cut their price objective on shares of Guess? from $21.00 to $18.00 and set a “market perform” rating for the company in a research report on Wednesday. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $25.00.

Guess? Stock Down 5.4 %

GES opened at $16.39 on Friday. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.47 and a quick ratio of 0.76. Guess?, Inc. has a 12 month low of $15.24 and a 12 month high of $33.50. The stock has a market capitalization of $842.81 million, a P/E ratio of 6.61 and a beta of 1.94. The business has a 50 day simple moving average of $18.19 and a 200-day simple moving average of $20.71.

Guess? (NYSE:GES) last issued its earnings results on Tuesday, November 26th. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.03). The company had revenue of $738.52 million for the quarter, compared to analysts’ expectations of $747.36 million. Guess? had a return on equity of 24.18% and a net margin of 6.05%. Guess?’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.49 earnings per share. On average, equities analysts anticipate that Guess?, Inc. will post 2.63 earnings per share for the current fiscal year.

Guess? Announces Dividend

The business also recently announced 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 yield of 7.32%. Guess?’s dividend payout ratio (DPR) is presently 48.39%.

Guess? 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.