Sanctuary Advisors LLC Grows Stake in Guess?, Inc. (NYSE:GES)

Sanctuary Advisors LLC lifted its stake in Guess?, Inc. (NYSE:GES) by 8,708.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 691,030 shares of the company’s stock after buying an additional 683,185 shares during the period. Sanctuary Advisors LLC owned approximately 1.34% of Guess? worth $13,910,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Pacer Advisors Inc. purchased a new stake in Guess? during the 2nd quarter worth $82,286,000. Millennium Management LLC increased its position in shares of Guess? by 2,180.2% during the second quarter. Millennium Management LLC now owns 1,370,131 shares of the company’s stock worth $27,951,000 after acquiring an additional 1,310,042 shares during the last quarter. Hennessy Advisors Inc. lifted 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 worth $32,962,000 after acquiring an additional 474,700 shares in the last quarter. Bank of Montreal Can lifted its stake in shares of Guess? by 75.7% in the second quarter. Bank of Montreal Can now owns 914,447 shares of the company’s stock worth $19,039,000 after acquiring an additional 394,023 shares in the last quarter. Finally, WINTON GROUP Ltd boosted its holdings in Guess? by 423.1% in the second quarter. WINTON GROUP Ltd now owns 191,982 shares of the company’s stock valued at $3,916,000 after purchasing an additional 155,281 shares during the last quarter. Institutional investors and hedge funds own 61.74% of the company’s stock.

Guess? Trading Up 1.5 %

Shares of NYSE GES opened at $15.33 on Friday. The company has a quick ratio of 0.74, a current ratio of 1.54 and a debt-to-equity ratio of 1.18. The stock’s 50 day moving average price is $17.55 and its two-hundred day moving average price is $20.05. Guess?, Inc. has a 52-week low of $14.95 and a 52-week high of $33.50. The stock has a market capitalization of $788.84 million, a P/E ratio of 12.88 and a beta of 1.89.

Guess? (NYSE:GES) last issued its quarterly earnings results on Tuesday, November 26th. The company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.03). Guess? had a net margin of 3.19% and a return on equity of 23.29%. The firm had revenue of $738.52 million during the quarter, compared to the consensus estimate of $747.36 million. During the same quarter last year, the firm posted $0.49 earnings per share. Guess?’s revenue was up 13.4% compared to the same quarter last year. On average, analysts anticipate that Guess?, Inc. will post 1.92 earnings per share for the current fiscal year.

Guess? Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Wednesday, December 11th will be given a $0.30 dividend. The ex-dividend date is Wednesday, December 11th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.83%. Guess?’s payout ratio is currently 100.84%.

Wall Street Analyst Weigh In

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

About Guess?

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.