Public Sector Pension Investment Board Boosts Stock Holdings in Guess?, Inc. (NYSE:GES)

Public Sector Pension Investment Board grew its position in Guess?, Inc. (NYSE:GES) by 5.9% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 60,039 shares of the company’s stock after buying an additional 3,327 shares during the quarter. Public Sector Pension Investment Board’s holdings in Guess? were worth $1,225,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Pacer Advisors Inc. acquired a new position in Guess? in the 2nd quarter valued at $82,286,000. Hennessy Advisors Inc. acquired a new stake in shares of Guess? in the fourth quarter valued at about $23,062,000. Vanguard Group Inc. lifted its stake in shares of Guess? by 15.7% in the first quarter. Vanguard Group Inc. now owns 3,879,570 shares of the company’s stock worth $122,090,000 after buying an additional 525,064 shares in the last quarter. BNP Paribas Financial Markets grew its stake in Guess? by 76.2% during the 1st quarter. BNP Paribas Financial Markets now owns 776,859 shares of the company’s stock valued at $24,448,000 after acquiring an additional 335,947 shares in the last quarter. Finally, WINTON GROUP Ltd raised its holdings in Guess? by 423.1% in the 2nd quarter. WINTON GROUP Ltd now owns 191,982 shares of the company’s stock valued at $3,916,000 after acquiring an additional 155,281 shares during the last quarter. Hedge funds and other institutional investors own 61.74% of the company’s stock.

Guess? Stock Performance

NYSE:GES opened at $19.71 on Wednesday. The company’s 50-day moving average is $21.01 and its two-hundred day moving average is $23.63. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 5.88 and a beta of 1.92. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.47 and a quick ratio of 0.76. Guess?, Inc. has a 1-year low of $18.52 and a 1-year high of $33.50.

Guess? (NYSE:GES) last issued its quarterly earnings data 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). Guess? had a return on equity of 24.18% and a net margin of 6.05%. The business had revenue of $732.60 million during the quarter, compared to analysts’ expectations of $729.96 million. During the same quarter in the previous year, the company posted $0.72 earnings per share. The company’s revenue was up 10.2% on a year-over-year basis. Analysts forecast that Guess?, Inc. will post 2.63 EPS for the current year.

Guess? Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Wednesday, September 11th were issued a $0.30 dividend. The ex-dividend date was Wednesday, September 11th. This represents a $1.20 annualized dividend and a yield of 6.09%. Guess?’s dividend payout ratio (DPR) is currently 35.82%.

Wall Street Analysts Forecast Growth

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

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.