LSV Asset Management Sells 267,045 Shares of Guess?, Inc. $GES

LSV Asset Management reduced its position in Guess?, Inc. (NYSE:GES) by 21.0% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,001,781 shares of the company’s stock after selling 267,045 shares during the period. LSV Asset Management owned 1.92% of Guess? worth $16,740,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Guess? during the second quarter valued at approximately $11,727,000. BNP Paribas Financial Markets increased its position in shares of Guess? by 5.1% during the second quarter. BNP Paribas Financial Markets now owns 809,839 shares of the company’s stock worth $9,791,000 after purchasing an additional 39,344 shares in the last quarter. Senvest Management LLC purchased a new stake in shares of Guess? during the 2nd quarter valued at $8,251,000. Bridgeway Capital Management LLC lifted its holdings in shares of Guess? by 1.9% during the 2nd quarter. Bridgeway Capital Management LLC now owns 394,127 shares of the company’s stock valued at $4,765,000 after purchasing an additional 7,373 shares during the last quarter. Finally, ABC Arbitrage SA acquired a new stake in shares of Guess? in the 3rd quarter worth $6,079,000. Hedge funds and other institutional investors own 61.74% of the company’s stock.

Wall Street Analyst Weigh In

GES has been the topic of several recent analyst reports. Zacks Research raised Guess? from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 13th. Telsey Advisory Group restated a “market perform” rating and set a $16.75 price target on shares of Guess? in a research note on Monday, January 26th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Guess? in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $16.75.

Guess? Stock Down 0.2%

Shares of GES stock opened at $16.82 on Friday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.79 and a current ratio of 1.63. Guess?, Inc. has a fifty-two week low of $8.48 and a fifty-two week high of $17.15. The firm has a market capitalization of $877.20 million, a PE ratio of 15.15 and a beta of 0.96. The stock’s 50-day simple moving average is $16.81 and its 200-day simple moving average is $16.47.

Guess? (NYSE:GES) last issued its earnings results on Tuesday, November 25th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.10. Guess? had a return on equity of 16.11% and a net margin of 2.56%.The firm had revenue of $791.43 million for the quarter, compared to analyst estimates of $767.93 million. During the same quarter in the prior year, the firm earned $0.34 earnings per share. Guess?’s revenue for the quarter was up 7.1% on a year-over-year basis. Equities analysts expect that Guess?, Inc. will post 1.92 earnings per share for the current year.

Guess? Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Wednesday, December 10th were given a dividend of $0.225 per share. The ex-dividend date was Wednesday, December 10th. This represents a $0.90 dividend on an annualized basis and a yield of 5.4%. Guess?’s payout ratio is currently 81.08%.

Guess? Company Profile

Guess?, Inc is a global fashion brand known for its lifestyle apparel, footwear and accessories. The company designs, markets and distributes a portfolio of apparel products under various brands, including its flagship Guess line and the premium Marciano label. Through its vertically integrated business model, Guess? oversees product development, manufacturing arrangements, marketing and distribution across wholesale and retail channels.

Guess?’s product offerings span denim, ready-to-wear, handbags, watches, jewelry and footwear for men, women and children.