Tieton Capital Management LLC Reduces Holdings in Guess?, Inc. (NYSE:GES)

Tieton Capital Management LLC decreased its position in shares of Guess?, Inc. (NYSE:GES) by 0.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 237,021 shares of the company’s stock after selling 825 shares during the quarter. Guess? accounts for approximately 2.5% of Tieton Capital Management LLC’s investment portfolio, making the stock its 20th largest holding. Tieton Capital Management LLC’s holdings in Guess? were worth $4,771,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of GES. Quest Partners LLC raised its stake in shares of Guess? by 186.2% during the 2nd quarter. Quest Partners LLC now owns 1,305 shares of the company’s stock worth $27,000 after buying an additional 849 shares during the period. Sanctuary Advisors LLC purchased a new position in shares of Guess? during the 2nd quarter worth $160,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Guess? by 72.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,092 shares of the company’s stock worth $206,000 after purchasing an additional 4,254 shares during the period. Janney Montgomery Scott LLC acquired a new position in Guess? during the 1st quarter worth about $208,000. Finally, Optimist Retirement Group LLC acquired a new position in Guess? during the 2nd quarter worth about $212,000. Institutional investors and hedge funds own 61.74% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on GES. UBS Group reduced their price target on Guess? from $24.00 to $22.00 and set a “neutral” rating on the stock in a research report on Friday, August 30th. Telsey Advisory Group dropped their price target on Guess? from $26.00 to $21.00 and set a “market perform” rating on the stock in a research note 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. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $27.25.

Guess? Stock Performance

Shares of GES stock opened at $17.07 on Friday. Guess?, Inc. has a 1 year low of $16.05 and a 1 year high of $33.50. The stock has a market cap of $877.74 million, a PE ratio of 6.88 and a beta of 1.94. The stock has a fifty day moving average price of $18.39 and a 200 day moving average price of $20.97. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.76 and a current ratio of 1.47.

Guess? (NYSE:GES) last announced its quarterly earnings data on Wednesday, August 28th. The company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.01). The business 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%. Guess?’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.72 EPS. Sell-side analysts forecast that Guess?, Inc. will post 2.63 earnings per share for the current fiscal year.

Guess? Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Wednesday, September 11th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.03%. The ex-dividend date of this dividend was Wednesday, September 11th. Guess?’s dividend payout ratio is presently 48.39%.

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.