Guess?, Inc. $GES Shares Sold by LSV Asset Management

LSV Asset Management reduced its stake in shares of Guess?, Inc. (NYSE:GES) by 21.0% in the 3rd quarter, Holdings Channel reports. The fund owned 1,001,781 shares of the company’s stock after selling 267,045 shares during the period. LSV Asset Management’s holdings in Guess? were worth $16,740,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund grew its stake in shares of Guess? by 9.5% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 6,912 shares of the company’s stock worth $116,000 after purchasing an additional 600 shares during the period. Brown Advisory Inc. purchased a new stake in Guess? during the second quarter worth $128,000. Cerity Partners LLC purchased a new stake in Guess? during the second quarter worth $134,000. CWM LLC grew its position in Guess? by 229.0% during the second quarter. CWM LLC now owns 13,935 shares of the company’s stock valued at $168,000 after buying an additional 9,699 shares during the period. Finally, Corient Private Wealth LLC purchased a new position in Guess? in the second quarter valued at $205,000. 61.74% of the stock is owned by institutional investors and hedge funds.

Guess? Stock Down 0.2%

GES opened at $16.82 on Friday. Guess?, Inc. has a twelve month low of $8.48 and a twelve month high of $17.15. The company has a quick ratio of 0.79, a current ratio of 1.63 and a debt-to-equity ratio of 1.14. The company has a 50-day moving average price of $16.81 and a 200 day moving average price of $16.47. The company has a market cap of $877.20 million, a PE ratio of 15.15 and a beta of 0.96.

Guess? (NYSE:GES) last posted its quarterly earnings data on Tuesday, November 25th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.10. Guess? had a return on equity of 16.11% and a net margin of 2.56%.The company had revenue of $791.43 million for the quarter, compared to analysts’ expectations of $767.93 million. During the same period in the previous year, the firm posted $0.34 EPS. Guess?’s revenue was up 7.1% compared to the same quarter last year. Sell-side analysts expect that Guess?, Inc. will post 1.92 earnings per share for the current fiscal year.

Guess? Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Wednesday, December 10th were issued a $0.225 dividend. 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 dividend payout ratio (DPR) is presently 81.08%.

Analysts Set New Price Targets

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

About Guess?

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.