Geode Capital Management LLC Raises Stake in Guess?, Inc. (NYSE:GES)

Geode Capital Management LLC boosted its holdings in Guess?, Inc. (NYSE:GES) by 6.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 311,496 shares of the company’s stock after purchasing an additional 19,750 shares during the quarter. Geode Capital Management LLC owned about 0.61% of Guess? worth $6,274,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Quarry LP boosted its position in shares of Guess? by 216.9% in the 3rd quarter. Quarry LP now owns 3,359 shares of the company’s stock worth $68,000 after purchasing an additional 2,299 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in Guess? by 2.2% in the third quarter. BNP Paribas Financial Markets now owns 939,594 shares of the company’s stock worth $18,914,000 after acquiring an additional 20,054 shares in the last quarter. Quantbot Technologies LP grew its stake in shares of Guess? by 4.0% in the third quarter. Quantbot Technologies LP now owns 112,139 shares of the company’s stock worth $2,257,000 after acquiring an additional 4,284 shares during the last quarter. Bank of Montreal Can grew its stake in shares of Guess? by 2.3% in the third quarter. Bank of Montreal Can now owns 935,426 shares of the company’s stock worth $18,783,000 after acquiring an additional 20,979 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd increased its holdings in shares of Guess? by 139.7% during the third quarter. Dynamic Technology Lab Private Ltd now owns 62,265 shares of the company’s stock valued at $1,253,000 after acquiring an additional 36,287 shares in the last quarter. Institutional investors own 61.74% of the company’s stock.

Guess? Stock Up 2.5 %

GES opened at $14.15 on Friday. The company has a market capitalization of $728.16 million, a PE ratio of 11.89 and a beta of 1.89. The firm has a 50-day simple moving average of $16.02 and a two-hundred day simple moving average of $19.08. The company has a quick ratio of 0.74, a current ratio of 1.54 and a debt-to-equity ratio of 1.18. Guess?, Inc. has a 52 week low of $13.31 and a 52 week high of $33.50.

Guess? (NYSE:GES) last released its quarterly earnings data on Tuesday, November 26th. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.03). Guess? had a net margin of 3.19% and a return on equity of 23.29%. The business had revenue of $738.52 million for the quarter, compared to the consensus estimate of $747.36 million. During the same quarter last year, the business earned $0.49 EPS. Guess?’s revenue for the quarter was up 13.4% compared to the same quarter last year. Analysts forecast that Guess?, Inc. will post 1.92 earnings per share for the current fiscal year.

Guess? Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Wednesday, December 11th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, December 11th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 8.48%. Guess?’s dividend payout ratio is 100.84%.

Wall Street Analyst Weigh In

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

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.