Guggenheim Capital LLC Buys 23,247 Shares of Guess?, Inc. (NYSE:GES)

Guggenheim Capital LLC raised its holdings in Guess?, Inc. (NYSE:GES - Free Report) by 123.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 42,022 shares of the company's stock after purchasing an additional 23,247 shares during the quarter. Guggenheim Capital LLC owned approximately 0.08% of Guess? worth $591,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised 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 acquiring an additional 231,926 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Guess? by 13.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,383,177 shares of the company's stock worth $19,447,000 after purchasing an additional 167,782 shares during the period. Sanctuary Advisors LLC grew its stake in shares of Guess? by 3.5% during the fourth quarter. Sanctuary Advisors LLC now owns 715,343 shares of the company's stock worth $9,514,000 after purchasing an additional 24,313 shares during the period. Tieton Capital Management LLC grew its stake in shares of Guess? by 95.6% during the fourth quarter. Tieton Capital Management LLC now owns 463,726 shares of the company's stock worth $6,520,000 after purchasing an additional 226,705 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of Guess? by 6.8% during the third quarter. Geode Capital Management LLC now owns 311,496 shares of the company's stock worth $6,274,000 after purchasing an additional 19,750 shares during the period. Institutional investors own 61.74% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on GES shares. Telsey Advisory Group reissued a "market perform" rating and issued a $13.00 target price on shares of Guess? in a research note on Friday, April 4th. UBS Group dropped their target price on Guess? from $15.00 to $12.00 and set a "neutral" rating on the stock in a report on Tuesday, March 11th.

Guess? Stock Performance

Shares of Guess? stock traded down $0.20 during trading on Tuesday, reaching $11.60. The company's stock had a trading volume of 571,261 shares, compared to its average volume of 1,253,966. The business's 50-day moving average price is $10.72 and its 200-day moving average price is $13.63. The firm has a market cap of $601.32 million, a PE ratio of 9.75 and a beta of 1.43. Guess?, Inc. has a 52 week low of $8.48 and a 52 week high of $27.41. 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? (NYSE:GES - Get Free Report) last posted its quarterly earnings results on Thursday, April 3rd. The company reported $1.48 EPS for the quarter, beating analysts' consensus estimates of $1.41 by $0.07. The business had revenue of $932.25 million during the quarter, compared to the consensus estimate of $916.75 million. Guess? had a return on equity of 23.29% and a net margin of 3.19%. Guess?'s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.01 earnings per share. Equities analysts forecast that Guess?, Inc. will post 1.92 earnings per share for the current year.

Guess? Dividend Announcement

The firm also recently announced 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 annualized dividend and a yield of 10.34%. The ex-dividend date of this dividend is Wednesday, April 16th. Guess?'s payout ratio is 187.50%.

Guess? announced that its board has authorized a stock buyback program on Tuesday, March 25th that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the company to repurchase up to 38.5% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its stock is 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.