Victory Capital Management Inc. Sells 7,279 Shares of Guess?, Inc. (NYSE:GES)

Victory Capital Management Inc. reduced its stake in Guess?, Inc. (NYSE:GES) by 14.9% in the third quarter, Holdings Channel.com reports. The institutional investor owned 41,439 shares of the company’s stock after selling 7,279 shares during the period. Victory Capital Management Inc.’s holdings in Guess? were worth $834,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in GES. Vanguard Group Inc. grew its holdings in shares of Guess? by 15.7% during the first quarter. Vanguard Group Inc. now owns 3,879,570 shares of the company’s stock valued at $122,090,000 after buying an additional 525,064 shares during the last quarter. TCW Group Inc. raised its position in Guess? by 110.6% in the second quarter. TCW Group Inc. now owns 78,693 shares of the company’s stock worth $1,605,000 after acquiring an additional 41,331 shares during the period. WINTON GROUP Ltd raised 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 during the period. Virtu Financial LLC bought a new stake in shares of Guess? during the 1st quarter valued at $717,000. Finally, Algert Global LLC bought a new stake in shares of Guess? during the 2nd quarter valued at $1,862,000. Institutional investors own 61.74% of the company’s stock.

Guess? Stock Performance

Shares of NYSE:GES opened at $16.39 on Thursday. The company has a market capitalization of $842.77 million, a price-to-earnings ratio of 6.61 and a beta of 1.94. Guess?, Inc. has a 12 month low of $15.24 and a 12 month high of $33.50. The firm’s 50-day moving average is $18.26 and its 200 day moving average is $20.74. The company has a current ratio of 1.47, a quick ratio of 0.76 and a debt-to-equity ratio of 1.01.

Guess? (NYSE:GES) last issued its earnings results on Tuesday, November 26th. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.03). The company had revenue of $738.52 million during the quarter, compared to the consensus estimate of $747.36 million. Guess? had a return on equity of 24.18% and a net margin of 6.05%. Guess?’s revenue was up 13.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.49 earnings per share. Research analysts predict that Guess?, Inc. will post 2.63 EPS for the current year.

Guess? Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Wednesday, December 11th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, December 11th. This represents a $1.20 dividend on an annualized basis and a yield of 7.32%. Guess?’s dividend payout ratio is currently 48.39%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. UBS Group reduced their price target on shares of Guess? from $18.00 to $16.00 and set a “neutral” rating on the stock in a report on Wednesday. Telsey Advisory Group reduced their target price on shares of Guess? from $21.00 to $18.00 and set a “market perform” rating on the stock in a report on Wednesday. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Guess? has a consensus rating of “Hold” and a consensus target price of $25.00.

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.