Quest Partners LLC Has $351,000 Stake in Guess?, Inc. (NYSE:GES)

Quest Partners LLC grew its holdings in Guess?, Inc. (NYSE:GES) by 1,235.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 17,428 shares of the company’s stock after purchasing an additional 16,123 shares during the quarter. Quest Partners LLC’s holdings in Guess? were worth $351,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in GES. Sanctuary Advisors LLC acquired a new stake in Guess? in the 2nd quarter valued at approximately $160,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Guess? by 72.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,092 shares of the company’s stock worth $206,000 after acquiring an additional 4,254 shares during the period. Optimist Retirement Group LLC acquired a new position in Guess? during the 2nd quarter valued at $212,000. Versor Investments LP boosted its holdings in Guess? by 25.6% in the 2nd quarter. Versor Investments LP now owns 11,900 shares of the company’s stock valued at $243,000 after purchasing an additional 2,424 shares during the period. Finally, Axxcess Wealth Management LLC acquired a new stake in Guess? in the 1st quarter worth $245,000. 61.74% of the stock is currently owned by institutional investors.

Guess? Stock Performance

NYSE:GES opened at $17.07 on Monday. The firm has a market capitalization of $877.77 million, a PE ratio of 6.88 and a beta of 1.94. 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?, Inc. has a 12-month low of $16.05 and a 12-month high of $33.50. The firm has a 50-day moving average price of $18.39 and a 200 day moving average price of $20.93.

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

Guess? Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Wednesday, September 11th were given a $0.30 dividend. The ex-dividend date was Wednesday, September 11th. This represents a $1.20 dividend on an annualized basis and a yield of 7.03%. Guess?’s dividend payout ratio (DPR) is presently 48.39%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on GES shares. Telsey Advisory Group reduced their target price on shares of Guess? from $26.00 to $21.00 and set a “market perform” rating for the company in a research note on Thursday, August 29th. UBS Group reduced their price objective on Guess? from $24.00 to $22.00 and set a “neutral” rating for the company in a research report on Friday, August 30th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $27.25.

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.