Intech Investment Management LLC Makes New Investment in Guess?, Inc. (NYSE:GES)

Intech Investment Management LLC acquired a new position in Guess?, Inc. (NYSE:GES) during the third quarter, according to the company in its most recent filing with the SEC. The fund acquired 45,603 shares of the company’s stock, valued at approximately $918,000. Intech Investment Management LLC owned approximately 0.09% of Guess? at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Quest Partners LLC lifted its holdings in Guess? by 186.2% in the 2nd quarter. Quest Partners LLC now owns 1,305 shares of the company’s stock worth $27,000 after buying an additional 849 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in Guess? in the 2nd quarter worth $160,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Guess? by 72.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,092 shares of the company’s stock worth $206,000 after buying an additional 4,254 shares in the last quarter. Optimist Retirement Group LLC acquired a new position in Guess? in the 2nd quarter worth $212,000. Finally, Versor Investments LP lifted its holdings in Guess? by 25.6% in the 2nd quarter. Versor Investments LP now owns 11,900 shares of the company’s stock worth $243,000 after buying an additional 2,424 shares in the last quarter. Institutional investors and hedge funds own 61.74% of the company’s stock.

Analysts Set New Price Targets

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

Guess? Stock Performance

Shares of Guess? stock opened at $16.39 on Friday. The firm has a market cap of $842.81 million, a PE ratio of 6.61 and a beta of 1.94. The firm’s 50-day simple moving average is $18.19 and its 200-day simple moving average is $20.71. 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?, Inc. has a 1 year low of $15.24 and a 1 year high of $33.50.

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

Guess? Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Wednesday, December 11th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, December 11th. This represents a $1.20 annualized dividend and a yield of 7.32%. 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.