Pacer Advisors Inc. Grows Stock Position in Guess?, Inc. (NYSE:GES)

Pacer Advisors Inc. grew its position in shares of Guess?, Inc. (NYSE:GES) by 0.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,043,279 shares of the company’s stock after purchasing an additional 9,639 shares during the period. Pacer Advisors Inc. owned approximately 7.86% of Guess? worth $81,391,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in GES. Quest Partners LLC grew its holdings in Guess? by 186.2% during the 2nd quarter. Quest Partners LLC now owns 1,305 shares of the company’s stock worth $27,000 after acquiring an additional 849 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Guess? during the 2nd quarter valued at approximately $160,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Guess? by 72.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,092 shares of the company’s stock valued at $206,000 after purchasing an additional 4,254 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of Guess? during the first quarter worth $208,000. Finally, Optimist Retirement Group LLC acquired a new position in shares of Guess? in the 2nd quarter valued at about $212,000. 61.74% of the stock is owned by institutional investors and hedge funds.

Guess? Stock Performance

Guess? stock opened at $16.63 on Friday. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.47 and a quick ratio of 0.76. The company has a market cap of $855.11 million, a P/E ratio of 6.71 and a beta of 1.94. Guess?, Inc. has a fifty-two week low of $16.05 and a fifty-two week high of $33.50. The firm’s 50 day simple moving average is $18.48 and its 200-day simple moving average is $21.08.

Guess? (NYSE:GES) last released its earnings results on Wednesday, August 28th. The company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.01). The business had revenue of $732.60 million during 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%. Guess?’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.72 EPS. As a group, equities research analysts predict that Guess?, Inc. will post 2.63 EPS for the current year.

Guess? Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Wednesday, September 11th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.22%. The ex-dividend date was Wednesday, September 11th. Guess?’s dividend payout ratio (DPR) is presently 48.39%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. UBS Group lowered their target price on Guess? from $24.00 to $22.00 and set a “neutral” rating for the company in a report on Friday, August 30th. Telsey Advisory Group cut their target price 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 given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average 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.