Algert Global LLC Lowers Holdings in Guess?, Inc. (NYSE:GES)

Algert Global LLC lowered its stake in shares of Guess?, Inc. (NYSE:GES) by 4.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 87,468 shares of the company’s stock after selling 3,830 shares during the quarter. Algert Global LLC owned about 0.17% of Guess? worth $1,761,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. increased its position in Guess? by 15.7% during the first quarter. Vanguard Group Inc. now owns 3,879,570 shares of the company’s stock worth $122,090,000 after purchasing an additional 525,064 shares during the last quarter. Foundry Partners LLC grew its stake in shares of Guess? by 41.7% during the 3rd quarter. Foundry Partners LLC now owns 266,779 shares of the company’s stock valued at $5,370,000 after buying an additional 78,451 shares during the period. TCW Group Inc. increased its holdings in shares of Guess? by 110.6% during the 2nd quarter. TCW Group Inc. now owns 78,693 shares of the company’s stock worth $1,605,000 after buying an additional 41,331 shares during the last quarter. WINTON GROUP Ltd raised its position in shares of Guess? by 423.1% in the 2nd quarter. WINTON GROUP Ltd now owns 191,982 shares of the company’s stock worth $3,916,000 after buying an additional 155,281 shares during the period. Finally, Virtu Financial LLC acquired a new position in Guess? in the first quarter valued at $717,000. 61.74% of the stock is currently owned by hedge funds and other institutional investors.

Guess? Trading Down 5.4 %

Shares of GES opened at $16.39 on Thursday. Guess?, Inc. has a 12 month low of $15.24 and a 12 month high of $33.50. The stock’s 50-day moving average is $18.26 and its two-hundred day moving average is $20.74. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.47 and a quick ratio of 0.76. The stock has a market cap of $842.77 million, a PE ratio of 6.61 and a beta of 1.94.

Guess? (NYSE:GES) last released its quarterly earnings results on Tuesday, November 26th. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.03). Guess? had a return on equity of 24.18% and a net margin of 6.05%. The company had revenue of $738.52 million for the quarter, compared to analyst estimates of $747.36 million. During the same period last year, the firm posted $0.49 earnings per share. The business’s revenue was up 13.4% on a year-over-year basis. Equities analysts forecast that Guess?, Inc. will post 2.63 earnings per share for the current fiscal year.

Guess? Dividend Announcement

The company also recently declared 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 7.32%. The ex-dividend date is Wednesday, December 11th. Guess?’s payout ratio is 48.39%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Telsey Advisory Group cut their price objective on Guess? from $21.00 to $18.00 and set a “market perform” rating on the stock in a report on Wednesday. UBS Group cut their price target on shares of Guess? from $18.00 to $16.00 and set a “neutral” rating on the stock in a report on Wednesday. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $25.00.

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.