Segall Bryant & Hamill LLC Purchases 2,288 Shares of Guess?, Inc. (NYSE:GES)

Segall Bryant & Hamill LLC lifted its position in Guess?, Inc. (NYSE:GES) by 2.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 113,775 shares of the company’s stock after buying an additional 2,288 shares during the period. Segall Bryant & Hamill LLC owned about 0.22% of Guess? worth $2,290,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Quest Partners LLC increased its stake in Guess? by 1,235.5% during the 3rd quarter. Quest Partners LLC now owns 17,428 shares of the company’s stock worth $351,000 after purchasing an additional 16,123 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of Guess? by 52.9% in the third quarter. Empowered Funds LLC now owns 251,166 shares of the company’s stock valued at $5,056,000 after buying an additional 86,940 shares during the period. Royce & Associates LP boosted its holdings in shares of Guess? by 224.0% in the third quarter. Royce & Associates LP now owns 49,808 shares of the company’s stock valued at $1,003,000 after buying an additional 34,435 shares during the period. Meritage Portfolio Management bought a new stake in shares of Guess? during the third quarter worth $383,000. Finally, Verity Asset Management Inc. raised its holdings in shares of Guess? by 14.0% during the third quarter. Verity Asset Management Inc. now owns 16,234 shares of the company’s stock worth $327,000 after acquiring an additional 1,989 shares during the period. Institutional investors and hedge funds own 61.74% of the company’s stock.

Guess? Trading Up 2.6 %

Guess? stock opened at $17.07 on Friday. The company has a market cap of $877.77 million, a price-to-earnings ratio of 6.88 and a beta of 1.94. The firm has a 50-day moving average of $18.39 and a 200-day moving average of $20.97. 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 one year low of $16.05 and a one year high of $33.50.

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

Guess? Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Wednesday, September 11th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 7.03%. The ex-dividend date of this dividend was Wednesday, September 11th. Guess?’s dividend payout ratio is currently 48.39%.

Analyst Upgrades and Downgrades

GES has been the subject of a number of research reports. 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 dropped their target price 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. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $27.25.

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.