Guess’, Inc. (NYSE:GES) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lessened its holdings in shares of Guess’, Inc. (NYSE:GES – Get Rating) by 9.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 31,270 shares of the company’s stock after selling 3,228 shares during the quarter. Thrivent Financial for Lutherans owned 0.06% of Guess’ worth $647,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. SummerHaven Investment Management LLC grew its stake in Guess’ by 1.3% during the 4th quarter. SummerHaven Investment Management LLC now owns 44,359 shares of the company’s stock valued at $918,000 after purchasing an additional 569 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Guess’ by 27.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,692 shares of the company’s stock valued at $59,000 after purchasing an additional 581 shares in the last quarter. Mutual of America Capital Management LLC grew its stake in Guess’ by 10.2% during the 3rd quarter. Mutual of America Capital Management LLC now owns 6,640 shares of the company’s stock valued at $97,000 after purchasing an additional 617 shares in the last quarter. UBS Asset Management Americas Inc. grew its stake in Guess’ by 1.9% during the 3rd quarter. UBS Asset Management Americas Inc. now owns 53,288 shares of the company’s stock valued at $782,000 after purchasing an additional 971 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Guess’ by 31.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,894 shares of the company’s stock valued at $101,000 after purchasing an additional 1,173 shares in the last quarter. Institutional investors and hedge funds own 58.81% of the company’s stock.

Guess’ Trading Down 0.8 %

NYSE:GES opened at $17.37 on Thursday. Guess’, Inc. has a 12-month low of $14.27 and a 12-month high of $24.15. The firm has a market capitalization of $966.81 million, a P/E ratio of 7.79 and a beta of 1.93. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.59 and a quick ratio of 0.92. The business has a 50 day simple moving average of $18.74 and a 200 day simple moving average of $20.30.

Guess’ (NYSE:GES – Get Rating) last released its quarterly earnings data on Wednesday, May 24th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.21. Guess’ had a return on equity of 33.93% and a net margin of 5.57%. The business had revenue of $569.80 million during the quarter, compared to analyst estimates of $555.63 million. During the same quarter in the previous year, the firm posted $0.24 EPS. The business’s revenue for the quarter was down 4.0% compared to the same quarter last year. Equities research analysts predict that Guess’, Inc. will post 2.68 EPS for the current year.

Guess’ Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 23rd. Investors of record on Wednesday, June 7th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 6.91%. This is a positive change from Guess”s previous quarterly dividend of $0.23. Guess”s payout ratio is currently 40.36%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on GES. Small Cap Consu reiterated a “buy” rating on shares of Guess’ in a research report on Tuesday, March 28th. TheStreet upgraded Guess’ from a “c” rating to a “b” rating in a research report on Tuesday, March 14th. Telsey Advisory Group reiterated a “market perform” rating and issued a $23.00 target price on shares of Guess’ in a research report on Wednesday, March 15th. Finally, StockNews.com began coverage on Guess’ in a research report on Thursday, May 18th. They issued a “hold” rating for the company. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Guess’ currently has an average rating of “Moderate Buy” and an average price target of $26.00.

About Guess’

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Guess?, Inc engages in designing, marketing, distributing and licensing contemporary apparel and accessories for men, women and children that reflect the American lifestyle and European fashion sensibilities. It operates through the following segments: Americas Retail, Americas Wholesale, Europe, Asia, and Licensing.