Victory Capital Management Inc. Sells 152,679 Shares of Guess’, Inc. (NYSE:GES)

Victory Capital Management Inc. cut its stake in Guess’, Inc. (NYSE:GES – Get Rating) by 30.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 345,217 shares of the company’s stock after selling 152,679 shares during the period. Victory Capital Management Inc.’s holdings in Guess’ were worth $7,999,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. SummerHaven Investment Management LLC boosted its holdings in Guess’ by 1.3% in the fourth quarter. SummerHaven Investment Management LLC now owns 44,359 shares of the company’s stock valued at $918,000 after acquiring an additional 569 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in Guess’ by 27.5% in the first quarter. PNC Financial Services Group Inc. now owns 2,692 shares of the company’s stock valued at $59,000 after acquiring an additional 581 shares during the last quarter. Mutual of America Capital Management LLC boosted its holdings in Guess’ by 10.2% in the third quarter. Mutual of America Capital Management LLC now owns 6,640 shares of the company’s stock valued at $97,000 after acquiring an additional 617 shares during the last quarter. UBS Asset Management Americas Inc. boosted its holdings in shares of Guess’ by 1.9% during the 3rd quarter. UBS Asset Management Americas Inc. now owns 53,288 shares of the company’s stock worth $782,000 after buying an additional 971 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Guess’ by 31.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,894 shares of the company’s stock worth $101,000 after buying an additional 1,173 shares in the last quarter. 58.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on GES shares. Small Cap Consu restated a “buy” rating on shares of Guess’ in a report on Tuesday, March 28th. StockNews.com upgraded Guess’ from a “hold” rating to a “buy” rating in a report on Friday. Telsey Advisory Group restated a “market perform” rating and set a $23.00 price target on shares of Guess’ in a report on Wednesday, March 15th. Finally, TheStreet cut Guess’ from a “b” rating to a “c+” rating in a report on Wednesday. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $26.00.

Guess’ Price Performance

Shares of NYSE:GES opened at $18.80 on Friday. The company has a quick ratio of 0.92, a current ratio of 1.59 and a debt-to-equity ratio of 0.52. Guess’, Inc. has a twelve month low of $14.27 and a twelve month high of $24.15. The stock’s 50 day moving average is $18.72 and its 200-day moving average is $20.29. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 8.43 and a beta of 1.93.

Guess’ (NYSE:GES – Get Rating) last issued its earnings results on Wednesday, May 24th. The company reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.21. Guess’ had a return on equity of 33.93% and a net margin of 5.57%. The company had revenue of $569.80 million for the quarter, compared to analyst estimates of $555.63 million. During the same period in the prior year, the firm earned $0.24 earnings per share. Guess”s revenue for the quarter was down 4.0% on a year-over-year basis. Sell-side analysts forecast that Guess’, Inc. will post 2.68 EPS for the current fiscal year.

Guess’ Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 23rd. Investors of record on Wednesday, June 7th will be given a $0.30 dividend. This is a positive change from Guess”s previous quarterly dividend of $0.23. This represents a $1.20 dividend on an annualized basis and a yield of 6.38%. Guess”s dividend payout ratio is presently 40.36%.

Guess’ Company Profile

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Guess?, Inc engages in designing, marketing, distributing and licensing contemporary apparel and accessories for men, women and children that reflect the American lifestyle and European fashion sensibilities. It operates through the following segments: Americas Retail, Americas Wholesale, Europe, Asia, and Licensing.