Foundry Partners LLC Grows Position in Guess?, Inc. (NYSE:GES)

Foundry Partners LLC grew its position in Guess?, Inc. (NYSE:GESFree Report) by 24.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 247,572 shares of the company’s stock after purchasing an additional 48,566 shares during the period. Foundry Partners LLC owned approximately 0.46% of Guess? worth $5,357,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. PNC Financial Services Group Inc. lifted its stake in shares of Guess? by 27.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,692 shares of the company’s stock valued at $59,000 after purchasing an additional 581 shares in the last quarter. Teachers Retirement System of The State of Kentucky lifted its stake in shares of Guess? by 5.2% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 11,780 shares of the company’s stock valued at $229,000 after purchasing an additional 586 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Guess? by 3.2% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 22,455 shares of the company’s stock valued at $486,000 after purchasing an additional 700 shares in the last quarter. State of Wyoming lifted its stake in shares of Guess? by 13.7% in the 2nd quarter. State of Wyoming now owns 6,482 shares of the company’s stock valued at $126,000 after purchasing an additional 781 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Guess? by 4.7% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,861 shares of the company’s stock valued at $430,000 after purchasing an additional 888 shares in the last quarter. 61.74% of the stock is owned by institutional investors and hedge funds.

Guess? Price Performance

Shares of NYSE GES opened at $23.73 on Tuesday. Guess?, Inc. has a twelve month low of $17.21 and a twelve month high of $24.84. The company has a current ratio of 1.47, a quick ratio of 0.80 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of 9.09 and a beta of 1.96. The business has a 50 day simple moving average of $22.99 and a 200-day simple moving average of $22.27.

Guess? (NYSE:GESGet Free Report) last issued its quarterly earnings results on Tuesday, November 21st. The company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.13). Guess? had a net margin of 6.61% and a return on equity of 29.94%. The firm had revenue of $651.00 million during the quarter, compared to the consensus estimate of $655.52 million. During the same quarter last year, the firm posted $0.44 earnings per share. Guess?’s revenue was up 2.8% compared to the same quarter last year. As a group, equities research analysts expect that Guess?, Inc. will post 2.7 earnings per share for the current year.

Guess? Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 22nd. Investors of record on Wednesday, December 6th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, December 5th. This represents a $1.20 dividend on an annualized basis and a yield of 5.06%. Guess?’s dividend payout ratio is currently 45.98%.

Insider Activity at Guess?

In related news, major shareholder Maurice Marciano sold 600,000 shares of the business’s stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $23.55, for a total transaction of $14,130,000.00. Following the completion of the transaction, the insider now owns 1,200,000 shares in the company, valued at approximately $28,260,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Guess? news, insider Paul Marciano sold 300,000 shares of the business’s stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $23.55, for a total transaction of $7,065,000.00. Following the completion of the transaction, the insider now owns 4,325,109 shares in the company, valued at approximately $101,856,316.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Maurice Marciano sold 600,000 shares of the business’s stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $23.55, for a total value of $14,130,000.00. Following the transaction, the insider now owns 1,200,000 shares of the company’s stock, valued at approximately $28,260,000. The disclosure for this sale can be found here. Insiders sold 1,200,000 shares of company stock worth $27,979,500 in the last 90 days. 41.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on GES. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $23.00 price objective on shares of Guess? in a research note on Thursday, November 16th. Jefferies Financial Group reissued a “hold” rating and set a $24.00 price target (down from $25.00) on shares of Guess? in a research report on Thursday, January 4th. Finally, StockNews.com lowered Guess? from a “buy” rating to a “hold” rating in a research report on Wednesday, November 22nd. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $25.00.

View Our Latest Stock Report on GES

Guess? Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Guess? (NYSE:GES)

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