Guess?, Inc. (NYSE:GES) Shares Sold by TCW Group Inc.

TCW Group Inc. cut its holdings in Guess?, Inc. (NYSE:GES) by 41.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 45,735 shares of the company’s stock after selling 32,958 shares during the period. TCW Group Inc. owned about 0.09% of Guess? worth $921,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Quest Partners LLC raised its position 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 purchasing an additional 849 shares during the period. Quarry LP increased its position in Guess? by 216.9% in the third quarter. Quarry LP now owns 3,359 shares of the company’s stock worth $68,000 after buying an additional 2,299 shares during the period. Sanctuary Advisors LLC acquired a new stake in Guess? in the second quarter worth $160,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Guess? by 72.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,092 shares of the company’s stock valued at $206,000 after buying an additional 4,254 shares during the last quarter. Finally, Optimist Retirement Group LLC acquired a new position in shares of Guess? during the second quarter valued at $212,000. Institutional investors own 61.74% of the company’s stock.

Wall Street Analysts Forecast Growth

GES has been the topic of a number of analyst reports. UBS Group dropped their price objective on shares of Guess? from $18.00 to $16.00 and set a “neutral” rating on the stock in a report on Wednesday, November 27th. Telsey Advisory Group dropped their price target on shares of Guess? from $21.00 to $18.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 27th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $25.00.

Guess? Price Performance

Shares of NYSE GES opened at $15.12 on Friday. The stock has a market cap of $777.82 million, a P/E ratio of 12.70 and a beta of 1.89. The firm’s 50-day simple moving average is $17.55 and its 200 day simple moving average is $20.05. Guess?, Inc. has a fifty-two week low of $15.04 and a fifty-two week high of $33.50. The company has a quick ratio of 0.74, a current ratio of 1.54 and a debt-to-equity ratio of 1.18.

Guess? (NYSE:GES) last issued its quarterly earnings results on Tuesday, November 26th. The company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.03). Guess? had a return on equity of 23.29% and a net margin of 3.19%. The company had revenue of $738.52 million during the quarter, compared to analyst estimates of $747.36 million. During the same period in the prior year, the company posted $0.49 earnings per share. The company’s revenue was up 13.4% on a year-over-year basis. Equities analysts expect that Guess?, Inc. will post 1.92 EPS for the current year.

Guess? Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Wednesday, December 11th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 7.94%. The ex-dividend date of this dividend is Wednesday, December 11th. Guess?’s payout ratio is currently 100.84%.

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.