ExodusPoint Capital Management LP bought a new stake in shares of Guess?, Inc. (NYSE:GES - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 103,790 shares of the company's stock, valued at approximately $1,459,000. ExodusPoint Capital Management LP owned about 0.20% of Guess? at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in GES. Vanguard Group Inc. boosted its position in shares of Guess? by 7.6% during the fourth quarter. Vanguard Group Inc. now owns 3,274,565 shares of the company's stock worth $46,040,000 after buying an additional 231,926 shares during the period. Charles Schwab Investment Management Inc. increased its stake 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. Sanctuary Advisors LLC increased its stake in Guess? by 3.5% during the 4th quarter. Sanctuary Advisors LLC now owns 715,343 shares of the company's stock valued at $9,514,000 after buying an additional 24,313 shares during the period. Tieton Capital Management LLC raised its position in shares of Guess? by 95.6% during the 4th quarter. Tieton Capital Management LLC now owns 463,726 shares of the company's stock worth $6,520,000 after buying an additional 226,705 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Guess? by 6.8% in the 3rd quarter. Geode Capital Management LLC now owns 311,496 shares of the company's stock worth $6,274,000 after acquiring an additional 19,750 shares during the period. 61.74% of the stock is currently owned by institutional investors and hedge funds.
Guess? Price Performance
Shares of NYSE GES traded down $0.57 during midday trading on Tuesday, reaching $9.86. The company's stock had a trading volume of 260,137 shares, compared to its average volume of 1,249,349. The company has a market cap of $507.37 million, a price-to-earnings ratio of 8.27 and a beta of 1.43. Guess?, Inc. has a one year low of $8.48 and a one year high of $27.90. The company has a current ratio of 1.54, a quick ratio of 0.74 and a debt-to-equity ratio of 1.18. The company has a 50 day moving average price of $11.13 and a 200 day moving average price of $14.28.
Guess? (NYSE:GES - Get Free Report) last posted its quarterly earnings results on Thursday, April 3rd. The company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.07. The company had revenue of $932.25 million for the quarter, compared to analysts' expectations of $916.75 million. Guess? had a return on equity of 23.29% and a net margin of 3.19%. The firm's revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.01 earnings per share. On average, equities research analysts expect that Guess?, Inc. will post 1.92 EPS for the current year.
Guess? Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Wednesday, April 16th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 12.17%. The ex-dividend date of this dividend is Wednesday, April 16th. Guess?'s dividend payout ratio is presently 187.50%.
Guess? announced that its board has initiated a share buyback plan on Tuesday, March 25th that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 38.5% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.
Wall Street Analysts Forecast Growth
A number of research analysts 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 on the stock in a research note on Tuesday, March 11th. Telsey Advisory Group reissued a "market perform" rating and issued a $13.00 price objective on shares of Guess? in a research note on Friday, April 4th.
Read Our Latest Research Report on GES
Guess? Company Profile
(
Free Report)
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.
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