Empowered Funds LLC Has $5.06 Million Stock Position in Guess?, Inc. (NYSE:GES)

Empowered Funds LLC boosted its holdings in Guess?, Inc. (NYSE:GES) by 52.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 251,166 shares of the company’s stock after buying an additional 86,940 shares during the quarter. Empowered Funds LLC’s holdings in Guess? were worth $5,056,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of GES. SummerHaven Investment Management LLC raised its stake in Guess? by 1.7% during the second quarter. SummerHaven Investment Management LLC now owns 38,433 shares of the company’s stock worth $784,000 after acquiring an additional 642 shares in the last quarter. Quest Partners LLC grew its holdings in shares of Guess? by 186.2% during the 2nd quarter. Quest Partners LLC now owns 1,305 shares of the company’s stock valued at $27,000 after purchasing an additional 849 shares during the last quarter. EMC Capital Management increased its position in Guess? by 10.0% during the 1st quarter. EMC Capital Management now owns 9,908 shares of the company’s stock worth $312,000 after purchasing an additional 903 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Guess? by 4.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 23,315 shares of the company’s stock valued at $734,000 after purchasing an additional 1,076 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in Guess? by 11.5% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,627 shares of the company’s stock valued at $334,000 after buying an additional 1,720 shares in the last quarter. 61.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GES has been the subject of several research analyst reports. UBS Group lowered their price target on shares of Guess? from $24.00 to $22.00 and set a “neutral” rating for the company in a report on Friday, August 30th. Telsey Advisory Group lowered their target price on 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 issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $27.25.

Guess? Trading Down 1.0 %

Shares of NYSE GES opened at $16.77 on Monday. The firm has a 50 day moving average price of $18.64 and a two-hundred day moving average price of $21.28. The stock has a market cap of $862.31 million, a P/E ratio of 6.76 and a beta of 1.94. Guess?, Inc. has a 52-week low of $16.67 and a 52-week high of $33.50. 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 issued its quarterly earnings data on Wednesday, August 28th. The company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.01). The business had revenue of $732.60 million during the quarter, compared to the consensus estimate of $729.96 million. Guess? had a return on equity of 24.18% and a net margin of 6.05%. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.72 EPS. As a group, equities analysts forecast that Guess?, Inc. will post 2.63 EPS for the current year.

Guess? Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Wednesday, September 11th were given a dividend of $0.30 per share. The ex-dividend date was Wednesday, September 11th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.16%. Guess?’s dividend payout ratio (DPR) is 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.