Moors & Cabot Inc. Lowers Position in Guess?, Inc. (NYSE:GES)

Moors & Cabot Inc. trimmed its holdings in shares of Guess?, Inc. (NYSE:GES) by 1.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 61,199 shares of the company’s stock after selling 1,000 shares during the quarter. Moors & Cabot Inc. owned about 0.12% of Guess? worth $1,232,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in GES. Quest Partners LLC increased its holdings in shares of Guess? by 186.2% in the 2nd quarter. Quest Partners LLC now owns 1,305 shares of the company’s stock worth $27,000 after buying an additional 849 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of Guess? during the 2nd quarter valued at about $160,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Guess? by 72.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,092 shares of the company’s stock valued at $206,000 after purchasing an additional 4,254 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of Guess? during the 1st quarter valued at about $208,000. Finally, Optimist Retirement Group LLC bought a new stake in Guess? in the 2nd quarter worth approximately $212,000. 61.74% of the stock is currently owned by institutional investors.

Guess? Stock Up 2.7 %

Shares of Guess? stock opened at $16.63 on Friday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.76 and a current ratio of 1.47. Guess?, Inc. has a 52-week low of $16.05 and a 52-week high of $33.50. The company’s 50 day moving average price is $18.48 and its 200-day moving average price is $21.08. The stock has a market capitalization of $855.11 million, a price-to-earnings ratio of 6.71 and a beta of 1.94.

Guess? (NYSE:GES) last released its quarterly earnings data on Wednesday, August 28th. The company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.01). The firm had revenue of $732.60 million during the quarter, compared to analysts’ expectations of $729.96 million. Guess? had a net margin of 6.05% and a return on equity of 24.18%. Guess?’s revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.72 EPS. Equities research analysts forecast that Guess?, Inc. will post 2.63 EPS for the current year.

Guess? Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Wednesday, September 11th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, September 11th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.22%. Guess?’s dividend payout ratio is presently 48.39%.

Analyst Upgrades and Downgrades

GES has been the topic of several research reports. Telsey Advisory Group decreased their price target on shares of Guess? from $26.00 to $21.00 and set a “market perform” rating on the stock in a research note on Thursday, August 29th. UBS Group lowered their price target on shares of Guess? from $24.00 to $22.00 and set a “neutral” rating for the company in a research note on Friday, August 30th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $27.25.

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.