Guess?, Inc. (NYSE:GES) Shares Bought by Verity Asset Management Inc.

Verity Asset Management Inc. grew its stake in Guess?, Inc. (NYSE:GES) by 41.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 22,972 shares of the company’s stock after buying an additional 6,738 shares during the quarter. Verity Asset Management Inc.’s holdings in Guess? were worth $323,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Quarry LP lifted its holdings in Guess? by 216.9% in the third quarter. Quarry LP now owns 3,359 shares of the company’s stock valued at $68,000 after acquiring an additional 2,299 shares during the period. Sanctuary Advisors LLC acquired a new position in shares of Guess? in the 2nd quarter valued at $160,000. EMC Capital Management boosted its holdings in Guess? by 158.0% during the fourth quarter. EMC Capital Management now owns 9,908 shares of the company’s stock worth $139,000 after buying an additional 6,068 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Guess? by 11.5% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,627 shares of the company’s stock valued at $334,000 after buying an additional 1,720 shares during the period. Finally, Quest Partners LLC raised its position in shares of Guess? by 1,235.5% in the third quarter. Quest Partners LLC now owns 17,428 shares of the company’s stock worth $351,000 after acquiring an additional 16,123 shares during the period. Hedge funds and other institutional investors own 61.74% of the company’s stock.

Wall Street Analyst Weigh In

GES has been the topic of a number of analyst reports. Telsey Advisory Group dropped their target price on Guess? from $21.00 to $18.00 and set a “market perform” rating on the stock in a research report on Wednesday, November 27th. UBS Group cut their price objective on Guess? from $18.00 to $16.00 and set a “neutral” rating for the company in a research report on Wednesday, November 27th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, Guess? presently has an average rating of “Hold” and a consensus price target of $25.00.

Guess? Stock Performance

Shares of NYSE:GES opened at $12.30 on Tuesday. The business’s 50 day moving average price is $14.48 and its 200-day moving average price is $17.95. Guess?, Inc. has a 1 year low of $12.21 and a 1 year high of $33.50. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.54 and a quick ratio of 0.74. The firm has a market capitalization of $632.70 million, a PE ratio of 10.33 and a beta of 1.88.

Guess? (NYSE:GES) last issued its earnings results on Tuesday, November 26th. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.03). Guess? had a net margin of 3.19% and a return on equity of 23.29%. The business had revenue of $738.52 million during the quarter, compared to analyst estimates of $747.36 million. During the same quarter last year, the company earned $0.49 earnings per share. Guess?’s quarterly revenue was up 13.4% on a year-over-year basis. As a group, equities research analysts expect that Guess?, Inc. will post 1.92 earnings per share for the current fiscal year.

Guess? Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Wednesday, December 11th were given a $0.30 dividend. The ex-dividend date was Wednesday, December 11th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 9.76%. Guess?’s dividend payout ratio (DPR) is presently 100.84%.

Guess? Company 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.