Guess?, Inc. (GES) Holdings Cut by Cambria Investment Management L.P.

Cambria Investment Management L.P. decreased its holdings in shares of Guess?, Inc. (NYSE:GES) by 9.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 65,409 shares of the company’s stock after selling 7,145 shares during the quarter. Cambria Investment Management L.P.’s holdings in Guess? were worth $1,282,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of GES. JPMorgan Chase & Co. lifted its holdings in Guess? by 238.0% during the third quarter. JPMorgan Chase & Co. now owns 53,743 shares of the company’s stock valued at $1,215,000 after purchasing an additional 37,844 shares during the last quarter. Teachers Advisors LLC increased its position in shares of Guess? by 2.4% during the third quarter. Teachers Advisors LLC now owns 112,150 shares of the company’s stock valued at $2,535,000 after buying an additional 2,635 shares during the period. Vanguard Group Inc. increased its position in shares of Guess? by 1.8% during the third quarter. Vanguard Group Inc. now owns 5,839,117 shares of the company’s stock valued at $131,965,000 after buying an additional 104,828 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Guess? by 38.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,294 shares of the company’s stock valued at $89,000 after buying an additional 1,195 shares during the period. Finally, Arizona State Retirement System increased its position in shares of Guess? by 6.2% during the fourth quarter. Arizona State Retirement System now owns 87,359 shares of the company’s stock valued at $1,814,000 after buying an additional 5,083 shares during the period. 77.03% of the stock is owned by institutional investors.

Shares of GES opened at $17.35 on Thursday. Guess?, Inc. has a twelve month low of $16.41 and a twelve month high of $26.95. The stock has a market cap of $1.29 billion, a PE ratio of 18.78, a P/E/G ratio of 0.87 and a beta of 0.23. The company has a current ratio of 2.00, a quick ratio of 1.14 and a debt-to-equity ratio of 0.04.

Guess? (NYSE:GES) last announced its quarterly earnings results on Wednesday, March 20th. The company reported $0.70 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by ($0.05). Guess? had a net margin of 0.54% and a return on equity of 9.39%. The company had revenue of $837.00 million for the quarter, compared to the consensus estimate of $831.15 million. During the same quarter in the prior year, the company earned $0.62 earnings per share. The company’s quarterly revenue was up 5.7% on a year-over-year basis. As a group, sell-side analysts predict that Guess?, Inc. will post 1.18 earnings per share for the current fiscal year.

Several brokerages have recently weighed in on GES. ValuEngine cut Guess? from a “buy” rating to a “hold” rating in a research report on Thursday, January 31st. Zacks Investment Research upgraded Guess? from a “strong sell” rating to a “hold” rating in a research report on Tuesday. Telsey Advisory Group reiterated a “market perform” rating and set a $19.00 price target (down from $22.00) on shares of Guess? in a research report on Tuesday, April 23rd. Jefferies Financial Group set a $24.00 price target on Guess? and gave the company a “buy” rating in a research report on Thursday, March 21st. Finally, B. Riley set a $29.00 price target on Guess? and gave the company a “buy” rating in a research report on Friday, May 17th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. Guess? presently has an average rating of “Hold” and an average target price of $23.50.

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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, knitwear, and intimate apparel.

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Institutional Ownership by Quarter for Guess? (NYSE:GES)

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