Guess?, Inc. (NYSE:GES) Shares Bought by BNP Paribas Financial Markets

BNP Paribas Financial Markets grew its holdings in Guess?, Inc. (NYSE:GES) by 2.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 939,594 shares of the company’s stock after purchasing an additional 20,054 shares during the period. BNP Paribas Financial Markets owned approximately 1.83% of Guess? worth $18,914,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of GES. Pacer Advisors Inc. acquired a new stake in Guess? in the 2nd quarter valued at approximately $82,286,000. Millennium Management LLC lifted its stake in 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 acquiring an additional 1,310,042 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Guess? by 15.7% during the 1st quarter. Vanguard Group Inc. now owns 3,879,570 shares of the company’s stock valued at $122,090,000 after acquiring an additional 525,064 shares during the period. Hennessy Advisors Inc. grew its position in Guess? by 41.6% in 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 in the last quarter. Finally, Bank of Montreal Can increased its stake in Guess? by 75.7% during the second quarter. Bank of Montreal Can now owns 914,447 shares of the company’s stock worth $19,039,000 after purchasing an additional 394,023 shares during the period. 61.74% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. UBS Group dropped their price objective on shares of Guess? from $18.00 to $16.00 and set a “neutral” rating for the company in a report on Wednesday. Telsey Advisory Group dropped their price target on shares of Guess? from $21.00 to $18.00 and set a “market perform” rating for the company in a research note on Wednesday. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Guess? presently has a consensus rating of “Hold” and an average target price of $25.00.

Guess? Stock Up 0.4 %

Shares of Guess? stock opened at $16.46 on Friday. The company has a quick ratio of 0.76, a current ratio of 1.54 and a debt-to-equity ratio of 1.28. Guess?, Inc. has a 52-week low of $15.24 and a 52-week high of $33.50. The company has a market capitalization of $846.37 million, a P/E ratio of 13.83 and a beta of 1.94. The company has a 50 day moving average of $18.14 and a 200 day moving average of $20.59.

Guess? (NYSE:GES) last released its quarterly earnings data on Tuesday, November 26th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.03). The firm had revenue of $738.52 million for the quarter, compared to analysts’ expectations of $747.36 million. Guess? had a return on equity of 23.68% and a net margin of 3.19%. Guess?’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same period last year, the firm posted $0.49 earnings per share. As a group, research analysts forecast that Guess?, Inc. will post 1.93 EPS for the current fiscal year.

Guess? Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Wednesday, December 11th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, December 11th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.29%. Guess?’s payout ratio is currently 100.84%.

About Guess?

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.