Edgestream Partners L.P. Invests $385,000 in Guess?, Inc. (NYSE:GES)

Edgestream Partners L.P. purchased a new position in Guess?, Inc. (NYSE:GES) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 18,852 shares of the company’s stock, valued at approximately $385,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GES. Renaissance Technologies LLC lifted its stake in Guess? by 16.4% in the 2nd quarter. Renaissance Technologies LLC now owns 116,850 shares of the company’s stock worth $2,384,000 after purchasing an additional 16,450 shares in the last quarter. WINTON GROUP Ltd lifted its position in Guess? by 423.1% during the second quarter. WINTON GROUP Ltd now owns 191,982 shares of the company’s stock worth $3,916,000 after buying an additional 155,281 shares in the last quarter. Quest Partners LLC boosted its stake 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 buying an additional 849 shares during the last quarter. LSV Asset Management boosted its stake in Guess? by 0.6% during the second quarter. LSV Asset Management now owns 1,454,320 shares of the company’s stock worth $29,668,000 after buying an additional 9,100 shares during the last quarter. Finally, Gallacher Capital Management LLC purchased a new stake in Guess? in the 2nd quarter valued at $502,000. 61.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have issued reports on GES shares. StockNews.com downgraded Guess? from a “buy” rating to a “hold” rating in a research note on Monday, June 3rd. UBS Group cut their target price on Guess? from $24.00 to $22.00 and set a “neutral” rating for the company in a research note on Friday, August 30th. Finally, Telsey Advisory Group cut their target price on Guess? from $26.00 to $21.00 and set a “market perform” rating for the company in a research note on Thursday, August 29th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Guess? currently has an average rating of “Hold” and a consensus price target of $27.25.

Guess? Stock Performance

NYSE GES opened at $19.28 on Monday. The stock has a market cap of $1.03 billion, a PE ratio of 5.76 and a beta of 1.92. 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 twelve month low of $18.52 and a twelve month high of $33.50. The stock has a fifty day simple moving average of $21.45 and a 200-day simple moving average of $23.87.

Guess? (NYSE:GES) last released its quarterly 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). The business had revenue of $732.60 million for the quarter, compared to analysts’ expectations of $729.96 million. Guess? had a return on equity of 24.18% and a net margin of 6.05%. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.72 earnings per share. Equities analysts anticipate that Guess?, Inc. will post 2.63 earnings per share for the current year.

Guess? Dividend Announcement

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