Victory Capital Management Inc. Boosts Stock Holdings in Guess?, Inc. (NYSE:GES)

Victory Capital Management Inc. lifted its position in Guess?, Inc. (NYSE:GES) by 25.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,718 shares of the company’s stock after acquiring an additional 9,993 shares during the quarter. Victory Capital Management Inc. owned approximately 0.09% of Guess? worth $994,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Quest Partners LLC purchased a new position in Guess? during the fourth quarter worth about $49,000. Headlands Technologies LLC purchased a new stake in shares of Guess? during the first quarter valued at approximately $60,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Guess? by 72.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,092 shares of the company’s stock valued at $206,000 after acquiring an additional 4,254 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in Guess? during the first quarter worth $208,000. Finally, Versor Investments LP boosted its position in Guess? by 25.6% in the second quarter. Versor Investments LP now owns 11,900 shares of the company’s stock worth $243,000 after purchasing an additional 2,424 shares during the last quarter. Hedge funds and other institutional investors own 61.74% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on GES. Telsey Advisory Group decreased their target price on Guess? from $26.00 to $21.00 and set a “market perform” rating for the company in a research report on Thursday, August 29th. UBS Group lowered their price objective on shares of Guess? from $24.00 to $22.00 and set a “neutral” rating on the stock in a research report on Friday, August 30th. Finally, StockNews.com lowered shares of 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 given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $27.25.

Guess? Price Performance

NYSE GES opened at $19.28 on Friday. The company has a quick ratio of 0.76, a current ratio of 1.47 and a debt-to-equity ratio of 1.01. The company has a market cap of $1.03 billion, a PE ratio of 5.76 and a beta of 1.92. Guess?, Inc. has a 52 week low of $18.52 and a 52 week high of $33.50. The firm’s 50-day simple moving average is $21.45 and its two-hundred day simple moving average is $23.90.

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

Guess? Announces Dividend

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

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.