Arrowstreet Capital Limited Partnership Sells 1,363,997 Shares of Guess?, Inc. (NYSE:GES)

Arrowstreet Capital Limited Partnership lessened its stake in Guess?, Inc. (NYSE:GES - Free Report) by 95.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 71,075 shares of the company's stock after selling 1,363,997 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.14% of Guess? worth $999,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Sanctuary Advisors LLC boosted its stake in shares of Guess? by 8,708.5% during the third quarter. Sanctuary Advisors LLC now owns 691,030 shares of the company's stock valued at $13,910,000 after purchasing an additional 683,185 shares during the period. Vanguard Group Inc. raised its holdings in Guess? by 7.6% during the 4th quarter. Vanguard Group Inc. now owns 3,274,565 shares of the company's stock valued at $46,040,000 after buying an additional 231,926 shares during the last quarter. Tieton Capital Management LLC raised its holdings in Guess? by 95.6% during the 4th quarter. Tieton Capital Management LLC now owns 463,726 shares of the company's stock valued at $6,520,000 after buying an additional 226,705 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Guess? by 13.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,383,177 shares of the company's stock valued at $19,447,000 after buying an additional 167,782 shares during the period. Finally, KBC Group NV bought a new stake in Guess? in the 4th quarter worth $2,349,000. 61.74% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on GES shares. UBS Group lowered their price objective on shares of Guess? from $15.00 to $12.00 and set a "neutral" rating for the company in a research note on Tuesday, March 11th. Telsey Advisory Group reaffirmed a "market perform" rating and set a $13.00 price target on shares of Guess? in a research report on Friday, April 4th.

Guess? Trading Down 6.9 %

Shares of NYSE:GES traded down $0.72 on Tuesday, hitting $9.71. The company had a trading volume of 1,521,002 shares, compared to its average volume of 1,254,196. The firm's 50-day simple moving average is $11.13 and its two-hundred day simple moving average is $14.28. The firm has a market capitalization of $499.44 million, a price-to-earnings ratio of 8.16 and a beta of 1.43. The company has a quick ratio of 0.74, a current ratio of 1.54 and a debt-to-equity ratio of 1.18. Guess?, Inc. has a 1 year low of $8.48 and a 1 year high of $27.90.

Guess? (NYSE:GES - Get Free Report) last released its quarterly earnings results on Thursday, April 3rd. The company reported $1.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.41 by $0.07. The company had revenue of $932.25 million during the quarter, compared to the consensus estimate of $916.75 million. Guess? had a net margin of 3.19% and a return on equity of 23.29%. Guess?'s revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm earned $2.01 earnings per share. Equities analysts anticipate that Guess?, Inc. will post 1.92 earnings per share for the current fiscal year.

Guess? Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Wednesday, April 16th will be issued a dividend of $0.30 per share. The ex-dividend date is Wednesday, April 16th. This represents a $1.20 annualized dividend and a dividend yield of 12.36%. Guess?'s payout ratio is 187.50%.

Guess? declared that its board has initiated a stock repurchase program on Tuesday, March 25th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the company to buy up to 38.5% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's board of directors believes its shares are undervalued.

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.