Atlas Legacy Advisors LLC Purchases New Holdings in Guess?, Inc. (NYSE:GES)

Atlas Legacy Advisors LLC purchased a new position in shares of Guess?, Inc. (NYSE:GES - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 155,829 shares of the company's stock, valued at approximately $2,191,000. Atlas Legacy Advisors LLC owned about 0.30% of Guess? as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GES. Quarry LP raised its stake in Guess? by 216.9% during the third quarter. Quarry LP now owns 3,359 shares of the company's stock worth $68,000 after buying an additional 2,299 shares during the last quarter. EMC Capital Management raised its position in shares of Guess? by 158.0% in the 4th quarter. EMC Capital Management now owns 9,908 shares of the company's stock worth $139,000 after acquiring an additional 6,068 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Guess? by 23.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 20,533 shares of the company's stock valued at $280,000 after purchasing an additional 3,906 shares during the period. Verity Asset Management Inc. boosted its position in shares of Guess? by 41.5% during the 4th quarter. Verity Asset Management Inc. now owns 22,972 shares of the company's stock valued at $323,000 after purchasing an additional 6,738 shares in the last quarter. Finally, Quest Partners LLC grew its stake in Guess? by 1,235.5% during the third quarter. Quest Partners LLC now owns 17,428 shares of the company's stock worth $351,000 after purchasing an additional 16,123 shares during the period. Institutional investors and hedge funds own 61.74% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on GES. UBS Group cut their price target on Guess? from $18.00 to $16.00 and set a "neutral" rating on the stock in a report on Wednesday, November 27th. Telsey Advisory Group cut their target price on shares of Guess? from $21.00 to $18.00 and set a "market perform" rating on the stock in a research note on Wednesday, November 27th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $25.00.

Guess? Stock Down 4.0 %

Shares of NYSE GES traded down $0.50 during midday trading on Friday, hitting $11.91. 1,000,278 shares of the stock traded hands, compared to its average volume of 1,036,408. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.74 and a current ratio of 1.54. Guess?, Inc. has a one year low of $11.83 and a one year high of $33.50. The business has a 50 day moving average price of $13.31 and a two-hundred day moving average price of $16.96. The company has a market cap of $612.60 million, a PE ratio of 10.00 and a beta of 1.88.

Guess? (NYSE:GES - Get Free Report) last announced its quarterly earnings results on Tuesday, November 26th. The company reported $0.34 EPS for the quarter, missing analysts' consensus estimates of $0.37 by ($0.03). Guess? had a net margin of 3.19% and a return on equity of 23.29%. The business had revenue of $738.52 million for the quarter, compared to the consensus estimate of $747.36 million. During the same quarter last year, the firm posted $0.49 EPS. The business's revenue for the quarter was up 13.4% compared to the same quarter last year. On average, equities analysts predict that Guess?, Inc. will post 1.92 EPS for the current year.

Guess? Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Wednesday, December 11th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, December 11th. This represents a $1.20 dividend on an annualized basis and a yield of 10.08%. Guess?'s dividend payout ratio (DPR) is currently 100.84%.

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.