Guess?, Inc. (GES) Position Cut by Fuller & Thaler Asset Management Inc.

Fuller & Thaler Asset Management Inc. decreased its position in shares of Guess?, Inc. (NYSE:GES) by 42.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,963,230 shares of the company’s stock after selling 1,448,858 shares during the quarter. Fuller & Thaler Asset Management Inc. owned approximately 2.36% of Guess? worth $33,434,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Bank of New York Mellon Corp raised its position in shares of Guess? by 59.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,755,938 shares of the company’s stock valued at $35,222,000 after acquiring an additional 1,028,389 shares during the last quarter. Divisar Capital Management LLC increased its position in shares of Guess? by 843.7% in the 2nd quarter. Divisar Capital Management LLC now owns 943,671 shares of the company’s stock valued at $12,060,000 after buying an additional 843,671 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Guess? by 192.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 993,471 shares of the company’s stock valued at $12,697,000 after buying an additional 653,957 shares in the last quarter. Columbus Circle Investors bought a new stake in shares of Guess? in the 3rd quarter valued at $8,250,000. Finally, DSAM Partners London Ltd bought a new stake in shares of Guess? in the 3rd quarter valued at $6,478,000. 81.45% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts recently commented on GES shares. Zacks Investment Research cut shares of Guess? from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 27th. Cowen reiterated a “hold” rating and set a $17.00 target price on shares of Guess? in a report on Wednesday, November 22nd. Jefferies Group set a $13.00 target price on Guess? and gave the stock a “hold” rating in a report on Thursday, August 24th. FBR & Co increased their target price on Guess? from $16.00 to $17.00 and gave the stock a “buy” rating in a report on Monday, August 21st. Finally, Evercore ISI initiated coverage on shares of Guess? in a research note on Friday, August 25th. They set a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. Guess? presently has a consensus rating of “Hold” and an average target price of $14.77.

Shares of Guess?, Inc. (NYSE GES) traded up $0.43 during mid-day trading on Thursday, reaching $16.39. 1,276,708 shares of the company’s stock traded hands, compared to its average volume of 1,450,060. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.58 and a quick ratio of 1.36. The firm has a market capitalization of $1,314.74, a P/E ratio of 33.29, a PEG ratio of 1.48 and a beta of 0.43. Guess?, Inc. has a 1 year low of $9.56 and a 1 year high of $18.30.

Guess? (NYSE:GES) last issued its quarterly earnings data on Tuesday, November 21st. The company reported $0.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.01. The firm had revenue of $554.00 million during the quarter, compared to the consensus estimate of $569.75 million. Guess? had a negative net margin of 0.10% and a positive return on equity of 4.35%. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period last year, the business posted $0.11 earnings per share. research analysts forecast that Guess?, Inc. will post 0.62 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Wednesday, December 13th will be issued a dividend of $0.225 per share. The ex-dividend date of this dividend is Tuesday, December 12th. This represents a $0.90 annualized dividend and a dividend yield of 5.49%. Guess?’s dividend payout ratio is presently -2,250.00%.

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Guess? Company Profile

Guess?, Inc designs, markets, distributes and licenses a lifestyle collections of apparel and accessories for men, women and children. The Company operates through five segments: Americas Retail, Europe, Asia, Americas Wholesale and Licensing. The Americas Retail segment includes the Company’s retail and e-commerce operations in North and Central America and its retail operations in South America.

Institutional Ownership by Quarter for Guess? (NYSE:GES)

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