Victory Capital Management Inc. Purchases 9,993 Shares of Guess?, Inc. (NYSE:GES)

Victory Capital Management Inc. lifted its position in Guess?, Inc. (NYSE:GES) by 25.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 48,718 shares of the company’s stock after purchasing an additional 9,993 shares during the quarter. Victory Capital Management Inc.’s holdings in Guess? were worth $994,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. SummerHaven Investment Management LLC boosted its position in shares of Guess? by 1.7% during the 2nd quarter. SummerHaven Investment Management LLC now owns 38,433 shares of the company’s stock valued at $784,000 after acquiring an additional 642 shares during the last quarter. EMC Capital Management lifted its position in Guess? by 10.0% during the first quarter. EMC Capital Management now owns 9,908 shares of the company’s stock valued at $312,000 after purchasing an additional 903 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in Guess? by 4.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 23,315 shares of the company’s stock valued at $734,000 after purchasing an additional 1,076 shares during the last quarter. 1620 Investment Advisors Inc. grew its stake in Guess? by 8.9% in the 2nd quarter. 1620 Investment Advisors Inc. now owns 21,510 shares of the company’s stock worth $439,000 after buying an additional 1,753 shares in the last quarter. Finally, Headlands Technologies LLC bought a new position in shares of Guess? in the 1st quarter worth $60,000. Hedge funds and other institutional investors own 61.74% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on GES. StockNews.com downgraded Guess? from a “buy” rating to a “hold” rating in a research report on Monday, June 3rd. UBS Group decreased their price objective on Guess? from $24.00 to $22.00 and set a “neutral” rating on the stock in a report on Friday, August 30th. Finally, Telsey Advisory Group cut their target price on Guess? from $26.00 to $21.00 and set a “market perform” rating for the company in a research note on Thursday, August 29th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Guess? currently has a consensus rating of “Hold” and a consensus target price of $27.25.

Guess? Stock Performance

NYSE GES opened at $19.28 on Friday. The company has a 50-day simple moving average of $21.45 and a two-hundred day simple moving average of $23.90. Guess?, Inc. has a 12-month low of $18.52 and a 12-month high of $33.50. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 5.76 and a beta of 1.92. The company has a quick ratio of 0.76, a current ratio of 1.47 and a debt-to-equity ratio of 1.01.

Guess? (NYSE:GES) last issued its earnings results on Wednesday, August 28th. The company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.01). The company had revenue of $732.60 million for the quarter, compared to analysts’ expectations of $729.96 million. Guess? had a net margin of 6.05% and a return on equity of 24.18%. The company’s revenue was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.72 earnings per share. On average, equities analysts forecast that Guess?, Inc. will post 2.63 EPS for the current year.

Guess? Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Wednesday, September 11th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 6.22%. The ex-dividend date of this dividend is Wednesday, September 11th. Guess?’s payout ratio is 35.82%.

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.