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

Geode Capital Management LLC increased its stake in Guess?, Inc. (NYSE:GES) by 6.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 311,496 shares of the company’s stock after buying an additional 19,750 shares during the period. Geode Capital Management LLC’s holdings in Guess? were worth $6,274,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pacer Advisors Inc. bought a new position in Guess? in the 2nd quarter worth about $82,286,000. Millennium Management LLC grew its position in shares of Guess? by 2,180.2% during the 2nd quarter. Millennium Management LLC now owns 1,370,131 shares of the company’s stock worth $27,951,000 after buying an additional 1,310,042 shares in the last quarter. Bank of Montreal Can increased its stake in shares of Guess? by 75.7% during the second quarter. Bank of Montreal Can now owns 914,447 shares of the company’s stock valued at $19,039,000 after buying an additional 394,023 shares during the period. WINTON GROUP Ltd raised its holdings in shares of 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 in the last quarter. Finally, Algert Global LLC purchased a new stake in Guess? in the second quarter worth about $1,862,000. Institutional investors own 61.74% of the company’s stock.

Guess? Price Performance

GES opened at $14.15 on Friday. The firm has a market capitalization of $728.16 million, a PE ratio of 11.89 and a beta of 1.89. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.54 and a quick ratio of 0.74. The business’s 50-day moving average is $16.02 and its two-hundred day moving average is $19.08. Guess?, Inc. has a 1 year low of $13.31 and a 1 year high of $33.50.

Guess? (NYSE:GES) last posted 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 return on equity of 23.29% and a net margin of 3.19%. The firm 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 firm earned $0.49 EPS. The company’s revenue was up 13.4% compared to the same quarter last year. Research analysts anticipate that Guess?, Inc. will post 1.92 earnings per share for the current fiscal year.

Guess? Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts have commented on GES shares. UBS Group cut their target price on shares of Guess? from $18.00 to $16.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 27th. Telsey Advisory Group cut their price objective on shares of Guess? from $21.00 to $18.00 and set a “market perform” rating on the stock in a report on Wednesday, November 27th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus 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.