Victory Capital Management Inc. Sells 152,679 Shares of Guess’, Inc. (NYSE:GES)

Victory Capital Management Inc. cut its position in Guess’, Inc. (NYSE:GESGet Rating) by 30.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 345,217 shares of the company’s stock after selling 152,679 shares during the quarter. Victory Capital Management Inc. owned about 0.63% of Guess’ worth $7,999,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. PNC Financial Services Group Inc. grew its stake in shares of Guess’ by 27.5% in the first quarter. PNC Financial Services Group Inc. now owns 2,692 shares of the company’s stock valued at $59,000 after buying an additional 581 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in Guess’ by 244.9% during the third quarter. Nisa Investment Advisors LLC now owns 4,267 shares of the company’s stock worth $65,000 after purchasing an additional 3,030 shares during the period. Mutual of America Capital Management LLC boosted its position in Guess’ by 10.2% during the third quarter. Mutual of America Capital Management LLC now owns 6,640 shares of the company’s stock worth $97,000 after purchasing an additional 617 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Guess’ by 31.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,894 shares of the company’s stock worth $101,000 after purchasing an additional 1,173 shares during the period. Finally, Royal Bank of Canada boosted its position in Guess’ by 40.6% during the third quarter. Royal Bank of Canada now owns 7,545 shares of the company’s stock worth $111,000 after purchasing an additional 2,180 shares during the period. 58.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Guess’ Trading Up 8.2 %

Shares of Guess’ stock opened at $18.80 on Friday. The firm has a 50-day moving average of $18.72 and a 200-day moving average of $20.29. The stock has a market cap of $1.05 billion, a PE ratio of 8.43 and a beta of 1.93. Guess’, Inc. has a 52-week low of $14.27 and a 52-week high of $24.15. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.92 and a current ratio of 1.59.

Guess’ (NYSE:GESGet Rating) last announced its earnings results on Wednesday, May 24th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.21. The company had revenue of $569.80 million during the quarter, compared to analysts’ expectations of $555.63 million. Guess’ had a net margin of 5.57% and a return on equity of 33.93%. Guess”s quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.24 earnings per share. As a group, sell-side analysts forecast that Guess’, Inc. will post 2.68 EPS for the current year.

Guess’ Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 23rd. Investors of record on Wednesday, June 7th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 6.38%. This is an increase from Guess”s previous quarterly dividend of $0.23. Guess”s payout ratio is 40.36%.

Guess’ 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.

Further Reading

Institutional Ownership by Quarter for Guess' (NYSE:GES)

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