American Century Companies Inc. Has $13.38 Million Position in Guess?, Inc. $GES

American Century Companies Inc. lowered its holdings in Guess?, Inc. (NYSE:GES) by 2.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,106,870 shares of the company’s stock after selling 32,503 shares during the quarter. American Century Companies Inc.’s holdings in Guess? were worth $13,382,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in GES. US Bancorp DE boosted its holdings in Guess? by 4,168.7% during the first quarter. US Bancorp DE now owns 4,226 shares of the company’s stock valued at $47,000 after purchasing an additional 4,127 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in shares of Guess? by 20,181.5% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 5,476 shares of the company’s stock worth $61,000 after buying an additional 5,449 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Guess? by 193.9% during the 2nd quarter. GAMMA Investing LLC now owns 6,809 shares of the company’s stock worth $82,000 after buying an additional 4,492 shares during the period. Signaturefd LLC boosted its stake in Guess? by 77.7% in the 2nd quarter. Signaturefd LLC now owns 12,146 shares of the company’s stock valued at $147,000 after buying an additional 5,309 shares in the last quarter. Finally, CWM LLC grew its position in Guess? by 229.0% in the second quarter. CWM LLC now owns 13,935 shares of the company’s stock valued at $168,000 after acquiring an additional 9,699 shares during the period. Institutional investors and hedge funds own 61.74% of the company’s stock.

Guess? Stock Performance

GES stock opened at $17.12 on Thursday. The company has a 50 day moving average price of $16.91 and a 200 day moving average price of $14.79. Guess?, Inc. has a fifty-two week low of $8.48 and a fifty-two week high of $17.43. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.63 and a quick ratio of 0.79. The stock has a market capitalization of $893.05 million, a PE ratio of 15.43 and a beta of 1.03.

Guess? (NYSE:GES) last announced its quarterly earnings data on Tuesday, November 25th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.10. The firm had revenue of $791.43 million for the quarter, compared to analyst estimates of $767.93 million. Guess? had a return on equity of 16.11% and a net margin of 2.56%.The business’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period last year, the company earned $0.34 EPS. Analysts forecast that Guess?, Inc. will post 1.92 EPS for the current year.

Guess? Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Wednesday, December 10th will be given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date is Wednesday, December 10th. Guess?’s dividend payout ratio (DPR) is presently 81.08%.

Analysts Set New Price Targets

Several research firms have issued reports on GES. Weiss Ratings reiterated a “hold (c-)” rating on shares of Guess? in a research note on Wednesday, October 8th. Small Cap Consu lowered shares of Guess? from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 28th. Telsey Advisory Group reissued a “market perform” rating and set a $16.75 price target on shares of Guess? in a report on Wednesday, November 26th. Zacks Research lowered shares of Guess? from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 12th. Finally, UBS Group upped their price objective on shares of Guess? from $13.00 to $16.75 and gave the stock a “neutral” rating in a research note on Thursday, August 28th. Five investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $16.75.

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.