Quest Partners LLC Boosts Stock Position in Guess?, Inc. (NYSE:GES)

Quest Partners LLC increased its position in Guess?, Inc. (NYSE:GES) by 186.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,305 shares of the company’s stock after acquiring an additional 849 shares during the quarter. Quest Partners LLC’s holdings in Guess? were worth $27,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GES. Hennessy Advisors Inc. bought a new position in shares of Guess? in the fourth quarter worth approximately $23,062,000. Vanguard Group Inc. lifted its stake in shares of Guess? by 15.7% during the 1st quarter. Vanguard Group Inc. now owns 3,879,570 shares of the company’s stock valued at $122,090,000 after buying an additional 525,064 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Guess? by 76.2% during the 1st quarter. BNP Paribas Financial Markets now owns 776,859 shares of the company’s stock valued at $24,448,000 after buying an additional 335,947 shares in the last quarter. SG Americas Securities LLC bought a new position in Guess? in the 1st quarter worth $4,029,000. Finally, Hillsdale Investment Management Inc. purchased a new stake in Guess? in the 1st quarter worth $3,778,000. Institutional investors own 61.74% of the company’s stock.

Guess? Price Performance

Shares of Guess? stock opened at $19.28 on Friday. The firm has a market cap of $1.03 billion, a PE ratio of 5.76 and a beta of 1.92. The stock has a 50 day moving average of $21.45 and a 200 day moving average of $23.90. 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?, Inc. has a 12 month low of $18.52 and a 12 month high of $33.50.

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

Guess? Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Wednesday, September 11th will be issued a dividend of $0.30 per share. The ex-dividend date is Wednesday, September 11th. This represents a $1.20 annualized dividend and a yield of 6.22%. Guess?’s payout ratio is presently 35.82%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on GES. Telsey Advisory Group lowered their price objective on Guess? from $26.00 to $21.00 and set a “market perform” rating on the stock in a research report on Thursday, August 29th. UBS Group decreased their target price on Guess? from $24.00 to $22.00 and set a “neutral” rating on the stock in a research note on Friday, August 30th. Finally, StockNews.com downgraded Guess? from a “buy” rating to a “hold” rating in a research note on Monday, June 3rd. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $27.25.

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.