Sanctuary Advisors LLC Invests $160,000 in Guess?, Inc. (NYSE:GES)

Sanctuary Advisors LLC purchased a new position in shares of Guess?, Inc. (NYSE:GES) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,845 shares of the company’s stock, valued at approximately $160,000.

Several other hedge funds have also made changes to their positions in the business. Pacer Advisors Inc. acquired a new stake in shares of Guess? during the second quarter worth about $82,286,000. Vanguard Group Inc. lifted its position in shares of 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 in the last quarter. Hennessy Advisors Inc. lifted its position in shares of Guess? by 41.6% during the second quarter. Hennessy Advisors Inc. now owns 1,615,800 shares of the company’s stock worth $32,962,000 after purchasing an additional 474,700 shares in the last quarter. LSV Asset Management lifted its position in shares of 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 purchasing an additional 9,100 shares in the last quarter. Finally, Millennium Management LLC raised its holdings in Guess? by 2,180.2% in the second quarter. Millennium Management LLC now owns 1,370,131 shares of the company’s stock valued at $27,951,000 after acquiring an additional 1,310,042 shares in the last quarter. Institutional investors and hedge funds own 61.74% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. UBS Group reduced their target price on shares of Guess? from $24.00 to $22.00 and set a “neutral” rating on the stock in a report on Friday, August 30th. Telsey Advisory Group reduced their target price on shares of Guess? from $26.00 to $21.00 and set a “market perform” rating on the stock in a report on Thursday, August 29th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, Guess? presently has a consensus rating of “Hold” and a consensus target price of $27.25.

Guess? Stock Performance

Shares of Guess? stock opened at $18.98 on Monday. The firm has a market capitalization of $1.02 billion, a P/E ratio of 5.67 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 company has a quick ratio of 0.76, a current ratio of 1.47 and a debt-to-equity ratio of 1.01. The firm’s 50 day moving average is $20.05 and its two-hundred day moving average is $22.63.

Guess? (NYSE:GES) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.01). The company had revenue of $732.60 million during 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 revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.72 earnings per share. Research analysts forecast 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 was paid on Friday, September 27th. Shareholders of record on Wednesday, September 11th were paid a $0.30 dividend. The ex-dividend date was Wednesday, September 11th. This represents a $1.20 annualized dividend and a yield of 6.32%. Guess?’s dividend payout ratio is currently 35.82%.

Guess? 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.