Guess?, Inc. (NYSE:GES) Stake Cut by TCW Group Inc.

TCW Group Inc. lowered its stake in shares of Guess?, Inc. (NYSE:GES) by 41.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 45,735 shares of the company’s stock after selling 32,958 shares during the period. TCW Group Inc.’s holdings in Guess? were worth $921,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Foundry Partners LLC lifted its holdings in shares of Guess? by 41.7% during the 3rd quarter. Foundry Partners LLC now owns 266,779 shares of the company’s stock valued at $5,370,000 after buying an additional 78,451 shares during the last quarter. WINTON GROUP Ltd grew its position in Guess? by 423.1% in the second quarter. WINTON GROUP Ltd now owns 191,982 shares of the company’s stock worth $3,916,000 after acquiring an additional 155,281 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Guess? by 4.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,215,395 shares of the company’s stock worth $24,466,000 after purchasing an additional 54,990 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of Guess? by 52.9% in the 3rd quarter. Empowered Funds LLC now owns 251,166 shares of the company’s stock valued at $5,056,000 after purchasing an additional 86,940 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd boosted its holdings in Guess? by 139.7% in the third quarter. Dynamic Technology Lab Private Ltd now owns 62,265 shares of the company’s stock worth $1,253,000 after purchasing an additional 36,287 shares in the last quarter. 61.74% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Telsey Advisory Group cut their target price on Guess? from $21.00 to $18.00 and set a “market perform” rating on the stock in a report on Wednesday, November 27th. UBS Group lowered their price objective on Guess? from $18.00 to $16.00 and set a “neutral” rating on the stock in a report on Wednesday, November 27th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $25.00.

Guess? Stock Performance

NYSE:GES opened at $15.12 on Friday. The firm has a market capitalization of $777.82 million, a PE ratio of 12.70 and a beta of 1.89. Guess?, Inc. has a 1 year low of $15.04 and a 1 year high of $33.50. The company has a current ratio of 1.54, a quick ratio of 0.74 and a debt-to-equity ratio of 1.18. The firm’s fifty day simple moving average is $17.55 and its 200 day simple moving average is $20.05.

Guess? (NYSE:GES) last posted its quarterly earnings data 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 return on equity of 23.29% and a net margin of 3.19%. The business had revenue of $738.52 million during the quarter, compared to the consensus estimate of $747.36 million. During the same quarter in the previous year, the firm posted $0.49 earnings per share. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. On average, sell-side analysts anticipate that Guess?, Inc. will post 1.92 EPS for the current year.

Guess? Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Wednesday, December 11th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, December 11th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.94%. 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.