Dynamic Technology Lab Private Ltd Raises Stock Holdings in Guess?, Inc. (NYSE:GES)

Dynamic Technology Lab Private Ltd raised its position in shares of Guess?, Inc. (NYSE:GES) by 139.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 62,265 shares of the company’s stock after buying an additional 36,287 shares during the quarter. Dynamic Technology Lab Private Ltd owned about 0.12% of Guess? worth $1,253,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Pacer Advisors Inc. bought a new stake in Guess? during the second quarter worth about $82,286,000. Millennium Management LLC boosted its position in shares of Guess? by 2,180.2% in the 2nd 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. Vanguard Group Inc. grew its stake in shares of Guess? by 15.7% in the 1st quarter. Vanguard Group Inc. now owns 3,879,570 shares of the company’s stock worth $122,090,000 after buying an additional 525,064 shares during the last quarter. Hennessy Advisors Inc. increased its position in Guess? by 41.6% during the 2nd quarter. Hennessy Advisors Inc. now owns 1,615,800 shares of the company’s stock valued at $32,962,000 after buying an additional 474,700 shares in the last quarter. Finally, Bank of Montreal Can raised its stake in Guess? by 75.7% during the second quarter. Bank of Montreal Can now owns 914,447 shares of the company’s stock valued at $19,039,000 after buying an additional 394,023 shares during the last quarter. 61.74% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

GES has been the topic of a number of recent research reports. UBS Group cut 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. Telsey Advisory Group reduced their price objective on shares of Guess? from $26.00 to $21.00 and set a “market perform” rating for the company in a research note on Thursday, August 29th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $27.25.

Guess? Stock Down 3.7 %

Shares of Guess? stock opened at $17.37 on Wednesday. Guess?, Inc. has a twelve month low of $16.05 and a twelve month high of $33.50. The company has a quick ratio of 0.76, a current ratio of 1.47 and a debt-to-equity ratio of 1.01. The company’s 50 day moving average is $18.32 and its 200 day moving average is $20.77. The company has a market cap of $893.17 million, a price-to-earnings ratio of 7.00 and a beta of 1.94.

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

About Guess?

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.