American Century Companies Inc. Has $12.61 Million Stake in Guess?, Inc. $GES

Key Points

• American Century Companies Inc. reduced its stake in Guess?, Inc. by 9.1%, owning approximately 2.20% of the company with a value of $12.6 million after selling 113,779 shares.
• Several institutional investors have recently increased their holdings in Guess?, including Millennium Management LLC which raised its position by 160.2%.
• Guess? reported a quarterly EPS of ($0.44), exceeding analyst expectations, with revenue rising 9.4% year-over-year.

American Century Companies Inc. trimmed its holdings in Guess?, Inc. (NYSE:GES - Free Report) by 9.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,139,373 shares of the company's stock after selling 113,779 shares during the quarter. American Century Companies Inc. owned about 2.20% of Guess? worth $12,613,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Jump Financial LLC bought a new position in Guess? in the 4th quarter valued at about $191,000. First Trust Advisors LP grew its position in Guess? by 4.5% in the 4th quarter. First Trust Advisors LP now owns 216,136 shares of the company's stock valued at $3,039,000 after buying an additional 9,211 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Guess? by 7.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,290,336 shares of the company's stock valued at $46,261,000 after buying an additional 228,601 shares in the last quarter. Tower Research Capital LLC TRC grew its position in Guess? by 536.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 23,382 shares of the company's stock valued at $329,000 after buying an additional 19,706 shares in the last quarter. Finally, State of Tennessee Department of Treasury grew its position in Guess? by 26.1% in the 4th quarter. State of Tennessee Department of Treasury now owns 30,238 shares of the company's stock valued at $425,000 after buying an additional 6,254 shares in the last quarter. 61.74% of the stock is owned by institutional investors.

Guess? Trading Down 0.4%

Shares of NYSE:GES traded down $0.07 during midday trading on Friday, reaching $16.83. The company had a trading volume of 980,060 shares, compared to its average volume of 1,515,389. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.76 and a current ratio of 1.52. Guess?, Inc. has a 1-year low of $8.48 and a 1-year high of $21.26. The firm has a market cap of $875.24 million, a price-to-earnings ratio of 105.16 and a beta of 1.24. The company has a fifty day simple moving average of $13.63 and a two-hundred day simple moving average of $11.99.

Guess? (NYSE:GES - Get Free Report) last released its quarterly earnings results on Wednesday, August 27th. The company reported $0.26 earnings per share for the quarter, beating analysts' consensus estimates of $0.16 by $0.10. Guess? had a return on equity of 16.86% and a net margin of 1.01%.The business had revenue of $772.94 million during the quarter, compared to analyst estimates of $758.72 million. During the same quarter last year, the company posted $0.42 EPS. Guess?'s revenue for the quarter was up 5.5% on a year-over-year basis. Research analysts predict that Guess?, Inc. will post 1.92 earnings per share for the current year.

Guess? Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Wednesday, September 10th will be paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 5.3%. The ex-dividend date of this dividend is Wednesday, September 10th. Guess?'s payout ratio is 750.00%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on GES shares. UBS Group increased their target price on shares of Guess? from $13.00 to $16.75 and gave the company a "neutral" rating in a research report on Thursday. Telsey Advisory Group reiterated a "market perform" rating and issued a $16.75 price target on shares of Guess? in a research report on Thursday. Finally, Small Cap Consu cut shares of Guess? from a "strong-buy" rating to a "hold" rating in a research report on Thursday. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $16.75.

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.