Guess?, Inc. $GES Shares Sold by XTX Topco Ltd

XTX Topco Ltd lessened its position in shares of Guess?, Inc. (NYSE:GES) by 78.3% during the 2nd quarter, Holdings Channel reports. The firm owned 20,464 shares of the company’s stock after selling 73,706 shares during the quarter. XTX Topco Ltd’s holdings in Guess? were worth $247,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the company. Aigen Investment Management LP acquired a new position in Guess? in the 1st quarter worth approximately $415,000. Algert Global LLC boosted its holdings in shares of Guess? by 40.3% in the 1st quarter. Algert Global LLC now owns 126,123 shares of the company’s stock valued at $1,396,000 after acquiring an additional 36,220 shares during the last quarter. Eisler Capital Management Ltd. acquired a new stake in shares of Guess? in the second quarter worth $362,000. Carolina Wealth Advisors LLC raised its holdings in shares of Guess? by 7.5% during the second quarter. Carolina Wealth Advisors LLC now owns 566,537 shares of the company’s stock worth $6,849,000 after purchasing an additional 39,492 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Guess? by 10.5% during the first quarter. Invesco Ltd. now owns 596,459 shares of the company’s stock worth $6,603,000 after purchasing an additional 56,479 shares during the last quarter. 61.74% of the stock is owned by institutional investors and hedge funds.

Guess? Stock Performance

NYSE GES opened at $16.94 on Tuesday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.63 and a quick ratio of 0.79. The stock’s 50 day simple moving average is $16.93 and its 200-day simple moving average is $14.93. The company has a market cap of $883.16 million, a PE ratio of 15.26 and a beta of 1.03. Guess?, Inc. has a 1-year low of $8.48 and a 1-year high of $17.15.

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. The business had revenue of $791.43 million during the quarter, compared to analysts’ expectations of $767.93 million. Guess? had a net margin of 2.56% and a return on equity of 16.11%. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.34 earnings per share. As a group, equities research analysts anticipate that Guess?, Inc. will post 1.92 EPS for the current fiscal year.

Guess? Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Wednesday, December 10th will be paid a dividend of $0.225 per share. The ex-dividend date of this dividend is Wednesday, December 10th. This represents a $0.90 annualized dividend and a yield of 5.3%. Guess?’s dividend payout ratio (DPR) is 81.08%.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Zacks Research lowered shares of Guess? from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 12th. Weiss Ratings reissued a “hold (c-)” rating on shares of Guess? in a report on Wednesday, October 8th. Telsey Advisory Group reissued a “market perform” rating and issued a $16.75 price target on shares of Guess? in a report on Wednesday, November 26th. UBS Group upped their price objective on Guess? from $13.00 to $16.75 and gave the stock a “neutral” rating in a research report on Thursday, August 28th. Finally, Small Cap Consu cut shares of Guess? from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 28th. Five research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Guess? presently has a consensus rating of “Hold” and a consensus target price of $16.75.

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.