Guess?, Inc. (NYSE:GES) Shares Sold by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp reduced its position in shares of Guess?, Inc. (NYSE:GES) by 39.8% during the fourth quarter, HoldingsChannel reports. The firm owned 46,500 shares of the company’s stock after selling 30,700 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Guess? were worth $654,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in GES. Vanguard Group Inc. raised its holdings in Guess? by 7.6% in the fourth quarter. Vanguard Group Inc. now owns 3,274,565 shares of the company’s stock valued at $46,040,000 after acquiring an additional 231,926 shares in the last quarter. KBC Group NV acquired a new stake in Guess? in the fourth quarter valued at $2,349,000. Atlas Legacy Advisors LLC acquired a new stake in Guess? in the fourth quarter valued at $2,191,000. Charles Schwab Investment Management Inc. raised its holdings in Guess? by 13.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,383,177 shares of the company’s stock valued at $19,447,000 after acquiring an additional 167,782 shares in the last quarter. Finally, Tieton Capital Management LLC raised its holdings in Guess? by 95.6% in the fourth quarter. Tieton Capital Management LLC now owns 463,726 shares of the company’s stock valued at $6,520,000 after acquiring an additional 226,705 shares in the last quarter. 61.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on GES. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $13.00 price target on shares of Guess? in a report on Friday, April 4th. UBS Group cut their price target on shares of Guess? from $15.00 to $12.00 and set a “neutral” rating on the stock in a report on Tuesday, March 11th.

Guess? Price Performance

NYSE GES opened at $11.82 on Monday. Guess?, Inc. has a 52 week low of $8.48 and a 52 week high of $26.55. 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 stock has a market cap of $612.57 million, a price-to-earnings ratio of 9.93 and a beta of 1.25. The company has a 50-day moving average price of $10.92 and a two-hundred day moving average price of $12.96.

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

Guess? Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 2nd. Shareholders of record on Wednesday, April 16th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 10.15%. The ex-dividend date of this dividend was Wednesday, April 16th. Guess?’s dividend payout ratio (DPR) is 187.50%.

Guess? announced that its Board of Directors has authorized a share repurchase program on Tuesday, March 25th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 38.5% of its shares through open market purchases. Shares repurchase programs are generally 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.