Pacer Advisors Inc. Has $3.83 Million Stock Holdings in Guess?, Inc. (NYSE:GES)

Key Points

• Pacer Advisors Inc. drastically reduced its stake in Guess?, Inc. by 88.7%, owning approximately $3.83 million worth of stock as of the latest SEC filing.
• The company reported a quarterly earning of ($0.44) per share, exceeding analysts' expectations and demonstrating a 9.4% revenue increase year-over-year.
• Guess? announced a quarterly dividend of $0.30 per share, translating to an annualized dividend yield of 9.05%.

Pacer Advisors Inc. decreased its position in shares of Guess?, Inc. (NYSE:GES - Free Report) by 88.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 346,252 shares of the company's stock after selling 2,728,666 shares during the quarter. Pacer Advisors Inc. owned about 0.67% of Guess? worth $3,833,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of GES. GAMMA Investing LLC increased its stake in Guess? by 713.0% in the first quarter. GAMMA Investing LLC now owns 2,317 shares of the company's stock valued at $26,000 after purchasing an additional 2,032 shares in the last quarter. Parallel Advisors LLC grew its holdings in shares of Guess? by 9,137.0% in the 1st quarter. Parallel Advisors LLC now owns 2,494 shares of the company's stock valued at $28,000 after buying an additional 2,467 shares during the period. Whittier Trust Co. of Nevada Inc. increased its position in shares of Guess? by 507.5% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 3,900 shares of the company's stock valued at $43,000 after buying an additional 3,258 shares in the last quarter. CWM LLC increased its position in shares of Guess? by 3,085.0% in the 1st quarter. CWM LLC now owns 4,236 shares of the company's stock valued at $47,000 after buying an additional 4,103 shares in the last quarter. Finally, Signaturefd LLC raised its stake in Guess? by 3,479.6% during the 1st quarter. Signaturefd LLC now owns 6,837 shares of the company's stock worth $76,000 after buying an additional 6,646 shares during the period. Institutional investors own 61.74% of the company's stock.

Guess? Stock Down 2.5%

Shares of NYSE:GES traded down $0.32 during midday trading on Friday, reaching $12.68. 249,476 shares of the company were exchanged, compared to its average volume of 1,208,335. The firm has a market cap of $659.58 million, a PE ratio of -52.79 and a beta of 1.23. Guess?, Inc. has a fifty-two week low of $8.48 and a fifty-two week high of $22.88. The stock has a fifty day simple moving average of $12.28 and a two-hundred day simple moving average of $11.73. The company has a quick ratio of 0.76, a current ratio of 1.57 and a debt-to-equity ratio of 1.08.

Guess? (NYSE:GES - Get Free Report) last released its quarterly earnings results on Thursday, June 5th. The company reported ($0.44) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.70) by $0.26. The firm had revenue of $647.80 million for the quarter, compared to the consensus estimate of $630.61 million. Guess? had a return on equity of 18.25% and a net margin of 0.47%. The company's revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter last year, the business posted ($0.27) EPS. As a group, sell-side analysts forecast that Guess?, Inc. will post 1.92 earnings per share for the current year.

Guess? Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 18th were given a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $1.20 dividend on an annualized basis and a yield of 9.5%. Guess?'s dividend payout ratio (DPR) is -500.00%.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Telsey Advisory Group reissued a "market perform" rating and issued a $13.00 target price on shares of Guess? in a research note on Monday, June 2nd. UBS Group boosted their price objective on Guess? from $11.00 to $12.00 and gave the company a "neutral" rating in a research report on Thursday, May 22nd.

Guess? 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.