Hennessy Advisors Inc. Has $4.54 Million Holdings in Guess?, Inc. (NYSE:GES)

Hennessy Advisors Inc. decreased its stake in Guess?, Inc. (NYSE:GES) by 82.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 322,800 shares of the company’s stock after selling 1,518,500 shares during the period. Hennessy Advisors Inc. owned approximately 0.63% of Guess? worth $4,539,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Foundry Partners LLC increased its stake in Guess? by 41.7% during the third quarter. Foundry Partners LLC now owns 266,779 shares of the company’s stock valued at $5,370,000 after acquiring an additional 78,451 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Guess? by 4.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,215,395 shares of the company’s stock valued at $24,466,000 after purchasing an additional 54,990 shares in the last quarter. Empowered Funds LLC lifted its position in Guess? by 52.9% in the third quarter. Empowered Funds LLC now owns 251,166 shares of the company’s stock worth $5,056,000 after purchasing an additional 86,940 shares during the period. Dynamic Technology Lab Private Ltd boosted its stake in Guess? by 139.7% during the third quarter. Dynamic Technology Lab Private Ltd now owns 62,265 shares of the company’s stock worth $1,253,000 after buying an additional 36,287 shares in the last quarter. Finally, Sanctuary Advisors LLC boosted its stake in Guess? by 8,708.5% during the third quarter. Sanctuary Advisors LLC now owns 691,030 shares of the company’s stock worth $13,910,000 after buying an additional 683,185 shares in the last quarter. Institutional investors own 61.74% of the company’s stock.

Analyst Upgrades and Downgrades

GES has been the subject of a number of recent research reports. Telsey Advisory Group dropped their price objective on shares of Guess? from $21.00 to $18.00 and set a “market perform” rating for the company in a research note on Wednesday, November 27th. UBS Group cut their price target on shares of Guess? from $18.00 to $16.00 and set a “neutral” rating for the company in a research note on Wednesday, November 27th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $25.00.

Guess? Stock Performance

Guess? stock opened at $12.60 on Friday. Guess?, Inc. has a 52-week low of $12.42 and a 52-week high of $33.50. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.54 and a quick ratio of 0.74. The stock has a fifty day moving average price of $15.23 and a two-hundred day moving average price of $18.59. The firm has a market capitalization of $648.56 million, a P/E ratio of 10.59 and a beta of 1.90.

Guess? (NYSE:GES) last announced its quarterly earnings results on Tuesday, November 26th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.03). The firm had revenue of $738.52 million for the quarter, compared to the consensus estimate of $747.36 million. Guess? had a net margin of 3.19% and a return on equity of 23.29%. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.49 earnings per share. As a group, analysts anticipate that Guess?, Inc. will post 1.92 EPS for the current fiscal year.

Guess? Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Wednesday, December 11th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 9.52%. The ex-dividend date was Wednesday, December 11th. Guess?’s payout ratio is currently 100.84%.

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.