Dimensional Fund Advisors LP Sells 94,868 Shares of Guess?, Inc. (NYSE:GES)

Dimensional Fund Advisors LP lowered its holdings in shares of Guess?, Inc. (NYSE:GES) by 2.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,215,026 shares of the company’s stock after selling 94,868 shares during the period. Dimensional Fund Advisors LP owned approximately 6.01% of Guess? worth $65,586,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in GES. Hennessy Advisors Inc. acquired a new stake in Guess? during the fourth quarter worth approximately $23,062,000. Vanguard Group Inc. grew its stake in Guess? by 15.7% during the first quarter. Vanguard Group Inc. now owns 3,879,570 shares of the company’s stock worth $122,090,000 after purchasing an additional 525,064 shares during the period. BNP Paribas Financial Markets grew its stake in Guess? by 76.2% in the first quarter. BNP Paribas Financial Markets now owns 776,859 shares of the company’s stock valued at $24,448,000 after acquiring an additional 335,947 shares during the period. WINTON GROUP Ltd grew its stake 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 acquiring an additional 155,281 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in Guess? in the first quarter valued at approximately $4,029,000. Institutional investors and hedge funds own 61.74% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on GES. UBS Group reduced their price objective on Guess? from $24.00 to $22.00 and set a “neutral” rating for the company in a research note on Friday, August 30th. StockNews.com cut Guess? from a “buy” rating to a “hold” rating in a research note on Monday, June 3rd. Finally, Telsey Advisory Group reduced their price objective 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 equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $27.25.

Guess? Stock Up 0.7 %

Shares of NYSE:GES opened at $20.08 on Friday. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of 5.99 and a beta of 1.92. The company has a quick ratio of 0.76, a current ratio of 1.47 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. The business’s 50 day moving average is $21.14 and its 200 day moving average is $23.73.

Guess? (NYSE:GES) last announced its earnings results on Wednesday, August 28th. The company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.01). The company 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 firm’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.72 EPS. On average, sell-side analysts forecast that Guess?, Inc. will post 2.63 earnings per share for the current fiscal year.

Guess? Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Wednesday, September 11th were issued a dividend of $0.30 per share. The ex-dividend date was Wednesday, September 11th. This represents a $1.20 dividend on an annualized basis and a yield of 5.98%. Guess?’s dividend payout ratio (DPR) is currently 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.