Texas Permanent School Fund lowered its position in shares of Guess?, Inc. (NYSE:GES) by 14.7% in the 3rd quarter, Holdings Channel.com reports. The fund owned 29,028 shares of the company’s stock after selling 5,022 shares during the period. Texas Permanent School Fund’s holdings in Guess? were worth $538,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Bank of New York Mellon Corp lifted its position in Guess? by 1.8% during the second quarter. Bank of New York Mellon Corp now owns 1,317,968 shares of the company’s stock valued at $21,284,000 after purchasing an additional 22,777 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its position in Guess? by 4,942.8% during the second quarter. D. E. Shaw & Co. Inc. now owns 1,190,968 shares of the company’s stock valued at $19,234,000 after purchasing an additional 1,167,351 shares during the last quarter. Kornitzer Capital Management Inc. KS lifted its position in Guess? by 15.3% during the second quarter. Kornitzer Capital Management Inc. KS now owns 419,470 shares of the company’s stock valued at $6,774,000 after purchasing an additional 55,535 shares during the last quarter. Invesco Ltd. lifted its position in Guess? by 13.4% during the second quarter. Invesco Ltd. now owns 372,371 shares of the company’s stock valued at $6,014,000 after purchasing an additional 43,982 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Guess? by 452.9% during the second quarter. JPMorgan Chase & Co. now owns 370,895 shares of the company’s stock valued at $5,785,000 after purchasing an additional 303,813 shares during the last quarter. 82.58% of the stock is owned by institutional investors.

Several brokerages have issued reports on GES. Cfra set a $16.00 target price on shares of Guess? and gave the company a “hold” rating in a research report on Thursday, August 29th. Zacks Investment Research reiterated a “positive” rating on shares of Guess? in a research report on Wednesday, October 16th. B. Riley lifted their target price on shares of Guess? from $24.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, August 29th. Finally, ValuEngine upgraded shares of Guess? from a “sell” rating to a “hold” rating in a research report on Friday, August 30th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Guess? has a consensus rating of “Buy” and a consensus target price of $21.20.

Shares of GES traded up $0.05 during mid-day trading on Thursday, reaching $17.53. The company’s stock had a trading volume of 9,932 shares, compared to its average volume of 864,644. The stock has a market cap of $1.18 billion, a PE ratio of 17.87, a P/E/G ratio of 0.75 and a beta of 0.40. The company has a current ratio of 1.44, a quick ratio of 0.72 and a debt-to-equity ratio of 1.79. Guess?, Inc. has a 52 week low of $13.34 and a 52 week high of $24.25. The company’s fifty day moving average price is $17.57 and its two-hundred day moving average price is $16.92.

Guess? (NYSE:GES) last announced its quarterly earnings data on Wednesday, August 28th. The company reported $0.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.09. The firm had revenue of $683.22 million during the quarter, compared to analyst estimates of $673.78 million. Guess? had a net margin of 0.52% and a return on equity of 10.85%. The business’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.36 EPS. Research analysts anticipate that Guess?, Inc. will post 1.37 EPS for the current year.

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, knitwear, and intimate apparel.

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

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