Moors & Cabot Inc. Trims Position in Guess?, Inc. (NYSE:GES)

Moors & Cabot Inc. trimmed its position in Guess?, Inc. (NYSE:GES) by 1.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 61,199 shares of the company’s stock after selling 1,000 shares during the period. Moors & Cabot Inc.’s holdings in Guess? were worth $1,232,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the company. Pacer Advisors Inc. bought a new position in shares of Guess? in the 2nd quarter worth approximately $82,286,000. Vanguard Group Inc. boosted its stake in shares of Guess? by 15.7% during the 1st quarter. Vanguard Group Inc. now owns 3,879,570 shares of the company’s stock worth $122,090,000 after acquiring an additional 525,064 shares during the last quarter. Hennessy Advisors Inc. grew its position in shares of Guess? by 41.6% during the 2nd quarter. Hennessy Advisors Inc. now owns 1,615,800 shares of the company’s stock valued at $32,962,000 after acquiring an additional 474,700 shares during the period. LSV Asset Management increased its stake in shares of Guess? by 0.6% in the 2nd 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 lifted its position in Guess? by 2,180.2% during the second quarter. Millennium Management LLC now owns 1,370,131 shares of the company’s stock valued at $27,951,000 after purchasing an additional 1,310,042 shares in the last quarter. 61.74% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on GES shares. UBS Group reduced their price target on Guess? from $24.00 to $22.00 and set a “neutral” rating for the company in a research 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 for the company in a report on Thursday, August 29th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Guess? has an average rating of “Hold” and a consensus price target of $27.25.

Guess? Price Performance

Shares of Guess? stock opened at $16.63 on Friday. The company has a market capitalization of $855.11 million, a price-to-earnings ratio of 6.71 and a beta of 1.94. 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 stock’s 50-day simple moving average is $18.48 and its 200-day simple moving average is $21.08. Guess?, Inc. has a 52 week low of $16.05 and a 52 week high of $33.50.

Guess? (NYSE:GES) last announced its quarterly earnings data on Wednesday, August 28th. The company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.01). Guess? had a net margin of 6.05% and a return on equity of 24.18%. The company had revenue of $732.60 million for the quarter, compared to analysts’ expectations of $729.96 million. During the same period last year, the business earned $0.72 earnings per share. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. As a group, analysts expect that Guess?, Inc. will post 2.63 earnings per share 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. This represents a $1.20 annualized dividend and a yield of 7.22%. The ex-dividend date was Wednesday, September 11th. Guess?’s payout ratio is currently 48.39%.

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.