Dynamic Technology Lab Private Ltd Acquires 36,287 Shares of Guess?, Inc. (NYSE:GES)

Dynamic Technology Lab Private Ltd increased its stake in Guess?, Inc. (NYSE:GES) by 139.7% during the third quarter, Holdings Channel.com reports. The firm owned 62,265 shares of the company’s stock after purchasing an additional 36,287 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Guess? were worth $1,253,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Pacer Advisors Inc. bought a new position in shares of Guess? in the second quarter worth about $82,286,000. Vanguard Group Inc. raised its stake in Guess? by 15.7% during the 1st quarter. Vanguard Group Inc. now owns 3,879,570 shares of the company’s stock worth $122,090,000 after acquiring an additional 525,064 shares during the period. Hennessy Advisors Inc. lifted its holdings in Guess? by 41.6% during the second quarter. Hennessy Advisors Inc. now owns 1,615,800 shares of the company’s stock valued at $32,962,000 after purchasing an additional 474,700 shares in the last quarter. LSV Asset Management boosted its position in shares of Guess? by 0.6% in the second quarter. LSV Asset Management now owns 1,454,320 shares of the company’s stock worth $29,668,000 after purchasing an additional 9,100 shares during the period. Finally, Millennium Management LLC increased its stake in shares of Guess? by 2,180.2% in the second quarter. Millennium Management LLC now owns 1,370,131 shares of the company’s stock worth $27,951,000 after purchasing an additional 1,310,042 shares in the last quarter. 61.74% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Guess? Stock Performance

GES opened at $17.37 on Wednesday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.76 and a current ratio of 1.47. The stock has a market capitalization of $893.17 million, a price-to-earnings ratio of 7.00 and a beta of 1.94. The company has a fifty day moving average of $18.32 and a 200 day moving average of $20.77. Guess?, Inc. has a fifty-two week low of $16.05 and a fifty-two week high of $33.50.

Guess? (NYSE:GES) last issued its quarterly earnings data on Tuesday, November 26th. The company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.03). The firm had revenue of $738.52 million for the quarter, compared to analysts’ expectations of $747.36 million. Guess? had a net margin of 6.05% and a return on equity of 24.18%. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.49 EPS. As a group, sell-side analysts forecast that Guess?, Inc. will post 2.63 earnings per share for the current fiscal year.

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.