Guess?, Inc. (NYSE:GES) Shares Purchased by TCW Group Inc.

TCW Group Inc. increased its position in Guess?, Inc. (NYSE:GES - Free Report) by 110.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 78,693 shares of the company's stock after buying an additional 41,331 shares during the period. TCW Group Inc. owned about 0.15% of Guess? worth $1,605,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Wedge Capital Management L L P NC grew its holdings in Guess? by 36.4% during the 2nd quarter. Wedge Capital Management L L P NC now owns 55,556 shares of the company's stock valued at $1,133,000 after buying an additional 14,833 shares in the last quarter. Boston Partners purchased a new position in shares of Guess? in the first quarter valued at $3,481,000. Virtu Financial LLC bought a new stake in Guess? in the first quarter worth $717,000. EMC Capital Management raised its stake in Guess? by 10.0% during the first quarter. EMC Capital Management now owns 9,908 shares of the company's stock valued at $312,000 after purchasing an additional 903 shares in the last quarter. Finally, Comerica Bank raised its position in shares of Guess? by 73.8% during the 1st quarter. Comerica Bank now owns 21,886 shares of the company's stock valued at $689,000 after buying an additional 9,294 shares in the last quarter. Hedge funds and other institutional investors own 61.74% of the company's stock.

Guess? Stock Down 4.8 %

NYSE:GES traded down $1.08 during mid-day trading on Monday, reaching $21.42. The company's stock had a trading volume of 1,133,310 shares, compared to its average volume of 1,234,335. The company has a quick ratio of 0.85, a current ratio of 1.57 and a debt-to-equity ratio of 0.92. Guess?, Inc. has a 1 year low of $17.92 and a 1 year high of $33.50. The stock has a fifty day moving average of $21.95 and a 200-day moving average of $24.62. The firm has a market capitalization of $1.15 billion, a PE ratio of 6.72 and a beta of 1.91.

Guess? (NYSE:GES - Get Free Report) last announced its quarterly earnings results on Thursday, May 30th. The company reported ($0.27) earnings per share for the quarter, topping the consensus estimate of ($0.40) by $0.13. The firm had revenue of $591.90 million during the quarter, compared to analysts' expectations of $574.64 million. Guess? had a net margin of 7.97% and a return on equity of 26.92%. The company's revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.07) EPS. Equities research analysts forecast that Guess?, Inc. will post 2.88 earnings per share for the current year.

Guess? Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Wednesday, June 12th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 5.60%. The ex-dividend date of this dividend was Wednesday, June 12th. Guess?'s payout ratio is currently 35.82%.

Analysts Set New Price Targets

Several brokerages recently commented on GES. StockNews.com downgraded shares of Guess? from a "buy" rating to a "hold" rating in a report on Monday, June 3rd. UBS Group decreased their target price on Guess? from $32.00 to $29.00 and set a "neutral" rating for the company in a research report on Thursday, May 23rd. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and issued a $30.00 price target on shares of Guess? in a research note on Wednesday, May 29th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $31.25.

Guess? Company 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.