18,705 Shares in Guess?, Inc. (NYSE:GES) Acquired by Scientech Research LLC

Scientech Research LLC purchased a new position in shares of Guess?, Inc. (NYSE:GES) during the second quarter, Holdings Channel reports. The fund purchased 18,705 shares of the company’s stock, valued at approximately $382,000.

A number of other large investors also recently added to or reduced their stakes in GES. Pacer Advisors Inc. acquired a new stake in shares of Guess? in the second quarter valued at $82,286,000. Vanguard Group Inc. grew its position in Guess? by 15.7% in the 1st quarter. Vanguard Group Inc. now owns 3,879,570 shares of the company’s stock valued at $122,090,000 after acquiring an additional 525,064 shares in the last quarter. Hennessy Advisors Inc. increased its stake in Guess? by 41.6% during the second quarter. Hennessy Advisors Inc. now owns 1,615,800 shares of the company’s stock worth $32,962,000 after purchasing an additional 474,700 shares during the period. LSV Asset Management lifted its position in shares of Guess? by 0.6% during the second quarter. LSV Asset Management now owns 1,454,320 shares of the company’s stock worth $29,668,000 after purchasing an additional 9,100 shares in the last quarter. Finally, Millennium Management LLC lifted its position in shares of Guess? by 2,180.2% during the second quarter. Millennium Management LLC now owns 1,370,131 shares of the company’s stock worth $27,951,000 after purchasing an additional 1,310,042 shares in the last quarter. 61.74% of the stock is currently owned by institutional investors and hedge funds.

Guess? Stock Up 0.7 %

Shares of NYSE:GES opened at $20.08 on Monday. Guess?, Inc. has a fifty-two week low of $18.52 and a fifty-two week high of $33.50. The firm’s 50 day moving average price is $21.08 and its 200 day moving average price is $23.68. The company has a quick ratio of 0.76, a current ratio of 1.47 and a debt-to-equity ratio of 1.01. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of 5.99 and a beta of 1.92.

Guess? (NYSE:GES) last released its quarterly earnings data on Wednesday, August 28th. The company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.01). The firm had revenue of $732.60 million for the quarter, compared to analysts’ expectations of $729.96 million. Guess? had a return on equity of 24.18% and a net margin of 6.05%. Guess?’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same period last year, the firm posted $0.72 earnings per share. As a group, equities research analysts predict that Guess?, Inc. will post 2.63 earnings per share for the current fiscal year.

Guess? Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Wednesday, September 11th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, September 11th. This represents a $1.20 annualized dividend and a dividend yield of 5.98%. Guess?’s dividend payout ratio is currently 35.82%.

Analyst Upgrades and Downgrades

GES has been the topic of several recent research reports. StockNews.com downgraded shares of Guess? from a “buy” rating to a “hold” rating in a research note on Monday, June 3rd. Telsey Advisory Group cut their price objective on Guess? from $26.00 to $21.00 and set a “market perform” rating on the stock in a research report on Thursday, August 29th. Finally, UBS Group decreased 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. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus 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.