Carolina Wealth Advisors LLC Has $6.85 Million Holdings in Guess?, Inc. $GES

Carolina Wealth Advisors LLC raised its position in shares of Guess?, Inc. (NYSE:GES) by 7.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 566,537 shares of the company’s stock after purchasing an additional 39,492 shares during the quarter. Guess? accounts for approximately 3.4% of Carolina Wealth Advisors LLC’s holdings, making the stock its 8th biggest position. Carolina Wealth Advisors LLC’s holdings in Guess? were worth $6,849,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in GES. California State Teachers Retirement System grew its stake in shares of Guess? by 23.4% during the 4th quarter. California State Teachers Retirement System now owns 28,835 shares of the company’s stock valued at $405,000 after purchasing an additional 5,470 shares during the period. GAMMA Investing LLC grew its stake in shares of Guess? by 8,899.6% during the 1st quarter. GAMMA Investing LLC now owns 25,649 shares of the company’s stock valued at $2,840,000 after acquiring an additional 25,364 shares during the period. Parallel Advisors LLC grew its stake in shares of Guess? by 9,137.0% during the 1st quarter. Parallel Advisors LLC now owns 2,494 shares of the company’s stock valued at $28,000 after acquiring an additional 2,467 shares during the period. Principal Financial Group Inc. grew its stake in shares of Guess? by 2.5% during the 1st quarter. Principal Financial Group Inc. now owns 133,997 shares of the company’s stock valued at $1,483,000 after acquiring an additional 3,331 shares during the period. Finally, CWM LLC grew its stake in shares of Guess? by 3,085.0% during the 1st quarter. CWM LLC now owns 4,236 shares of the company’s stock valued at $47,000 after acquiring an additional 4,103 shares during the period. 61.74% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on GES. Telsey Advisory Group reiterated a “market perform” rating and set a $16.75 price objective on shares of Guess? in a research note on Thursday, August 28th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Guess? in a research note on Saturday, September 27th. UBS Group boosted their price objective on Guess? from $13.00 to $16.75 and gave the company a “neutral” rating in a research note on Thursday, August 28th. Finally, Small Cap Consu downgraded Guess? from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 28th. Four investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $16.75.

Guess? Trading Down 0.0%

GES stock opened at $16.85 on Friday. Guess?, Inc. has a 1-year low of $8.48 and a 1-year high of $19.96. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.52 and a quick ratio of 0.76. The company has a market capitalization of $877.29 million, a price-to-earnings ratio of 105.29 and a beta of 1.26. The business has a 50 day simple moving average of $15.61 and a two-hundred day simple moving average of $12.96.

Guess? (NYSE:GES) last issued its quarterly earnings data on Wednesday, August 27th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.10. The business had revenue of $772.94 million for the quarter, compared to analysts’ expectations of $758.72 million. Guess? had a return on equity of 16.44% and a net margin of 1.01%.The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.42 EPS. Research analysts anticipate that Guess?, Inc. will post 1.92 EPS for the current fiscal year.

Guess? Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Wednesday, September 10th were issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 5.3%. The ex-dividend date of this dividend was Wednesday, September 10th. Guess?’s dividend payout ratio is 562.50%.

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.