KBC Group NV Acquires Shares of 167,090 Guess?, Inc. (NYSE:GES)

KBC Group NV acquired a new stake in Guess?, Inc. (NYSE:GES) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 167,090 shares of the company’s stock, valued at approximately $2,349,000. KBC Group NV owned approximately 0.32% of Guess? at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Foundry Partners LLC boosted its holdings in Guess? by 41.7% in the 3rd quarter. Foundry Partners LLC now owns 266,779 shares of the company’s stock valued at $5,370,000 after purchasing an additional 78,451 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Guess? by 4.7% in the 3rd 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 boosted its holdings in Guess? by 52.9% in the 3rd quarter. Empowered Funds LLC now owns 251,166 shares of the company’s stock valued at $5,056,000 after purchasing an additional 86,940 shares in the last quarter. Dynamic Technology Lab Private Ltd boosted its stake in shares of Guess? by 139.7% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 62,265 shares of the company’s stock worth $1,253,000 after acquiring an additional 36,287 shares in the last quarter. Finally, Sanctuary Advisors LLC boosted its stake in shares of Guess? by 8,708.5% during the 3rd quarter. Sanctuary Advisors LLC now owns 691,030 shares of the company’s stock worth $13,910,000 after acquiring an additional 683,185 shares in the last quarter. Hedge funds and other institutional investors own 61.74% of the company’s stock.

Guess? Trading Down 2.9 %

Shares of Guess? stock opened at $12.91 on Friday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.54 and a quick ratio of 0.74. Guess?, Inc. has a 1 year low of $12.42 and a 1 year high of $33.50. The company has a market capitalization of $664.35 million, a P/E ratio of 10.85 and a beta of 1.90. The business has a 50 day moving average price of $14.48 and a 200 day moving average price of $17.99.

Guess? (NYSE:GES) last issued its quarterly earnings data 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). Guess? had a return on equity of 23.29% and a net margin of 3.19%. The company had revenue of $738.52 million for the quarter, compared to analyst estimates of $747.36 million. During the same quarter in the prior year, the firm earned $0.49 earnings per share. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. Sell-side analysts anticipate that Guess?, Inc. will post 1.92 EPS for the current fiscal year.

Guess? Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Wednesday, December 11th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, December 11th. This represents a $1.20 annualized dividend and a dividend yield of 9.30%. Guess?’s dividend payout ratio is currently 100.84%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on GES. UBS Group decreased their price target on Guess? from $18.00 to $16.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 27th. Telsey Advisory Group decreased their price target on Guess? from $21.00 to $18.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 27th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $25.00.

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.