Dimensional Fund Advisors LP Decreases Stock Holdings in Guess’, Inc. (NYSE:GES)

Dimensional Fund Advisors LP trimmed its position in shares of Guess’, Inc. (NYSE:GES – Get Rating) by 11.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,358,967 shares of the company’s stock after selling 440,446 shares during the quarter. Dimensional Fund Advisors LP owned about 0.06% of Guess’ worth $69,496,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Macquarie Group Ltd. lifted its position in shares of Guess’ by 1,623.4% during the third quarter. Macquarie Group Ltd. now owns 50,426 shares of the company’s stock valued at $740,000 after buying an additional 47,500 shares during the last quarter. Quantbot Technologies LP lifted its position in shares of Guess’ by 285.0% during the third quarter. Quantbot Technologies LP now owns 21,301 shares of the company’s stock valued at $312,000 after buying an additional 15,768 shares during the last quarter. LSV Asset Management lifted its position in shares of Guess’ by 109.8% during the third quarter. LSV Asset Management now owns 311,800 shares of the company’s stock valued at $4,574,000 after buying an additional 163,200 shares during the last quarter. Ergoteles LLC purchased a new position in shares of Guess’ in the 3rd quarter valued at approximately $483,000. Finally, Legion Partners Asset Management LLC raised its position in shares of Guess’ by 1.0% in the 3rd quarter. Legion Partners Asset Management LLC now owns 1,660,945 shares of the company’s stock valued at $24,366,000 after purchasing an additional 16,600 shares during the last quarter. 58.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on GES. Small Cap Consu reaffirmed a “buy” rating on shares of Guess’ in a research report on Tuesday, March 28th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $23.00 price objective on shares of Guess’ in a research report on Wednesday, March 15th. StockNews.com raised shares of Guess’ from a “hold” rating to a “buy” rating in a research report on Friday. Finally, TheStreet lowered shares of Guess’ from a “b” rating to a “c+” rating in a research report on Wednesday. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $26.00.

Guess’ Price Performance

Shares of NYSE:GES opened at $18.80 on Friday. Guess’, Inc. has a twelve month low of $14.27 and a twelve month high of $24.15. The company’s 50 day moving average is $18.72 and its 200 day moving average is $20.29. The company has a current ratio of 1.59, a quick ratio of 0.92 and a debt-to-equity ratio of 0.52. The company has a market cap of $1.05 billion, a PE ratio of 8.43 and a beta of 1.93.

Guess’ (NYSE:GES – Get Rating) last issued its quarterly earnings results on Wednesday, May 24th. The company reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.28) by $0.21. Guess’ had a net margin of 5.57% and a return on equity of 33.93%. The company had revenue of $569.80 million for the quarter, compared to the consensus estimate of $555.63 million. During the same quarter in the prior year, the company earned $0.24 EPS. Guess”s quarterly revenue was down 4.0% on a year-over-year basis. On average, sell-side analysts forecast that Guess’, Inc. will post 2.68 EPS for the current year.

Guess’ Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 23rd. Stockholders of record on Wednesday, June 7th will be paid a dividend of $0.30 per share. This is a boost from Guess”s previous quarterly dividend of $0.23. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.38%. Guess”s dividend payout ratio (DPR) is presently 40.36%.

Guess’ Company Profile

(Get Rating)

Guess?, Inc engages in designing, marketing, distributing and licensing contemporary apparel and accessories for men, women and children that reflect the American lifestyle and European fashion sensibilities. It operates through the following segments: Americas Retail, Americas Wholesale, Europe, Asia, and Licensing.