Guess?, Inc. $GES Position Boosted by WBI Investments LLC

WBI Investments LLC grew its holdings in shares of Guess?, Inc. (NYSE:GES) by 27.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,507 shares of the company’s stock after purchasing an additional 5,549 shares during the period. WBI Investments LLC’s holdings in Guess? were worth $282,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in GES. Millennium Management LLC boosted its stake in Guess? by 160.2% in the 4th quarter. Millennium Management LLC now owns 1,159,249 shares of the company’s stock worth $16,299,000 after purchasing an additional 713,666 shares during the period. Carolina Wealth Advisors LLC bought a new position in shares of Guess? during the 1st quarter valued at $5,834,000. Slotnik Capital LLC bought a new position in shares of Guess? during the 1st quarter valued at $3,257,000. Allianz Asset Management GmbH raised its position in shares of Guess? by 38.4% in the first quarter. Allianz Asset Management GmbH now owns 644,308 shares of the company’s stock valued at $7,132,000 after purchasing an additional 178,848 shares during the period. Finally, AQR Capital Management LLC raised its position in shares of Guess? by 82.2% in the first quarter. AQR Capital Management LLC now owns 282,196 shares of the company’s stock valued at $3,124,000 after purchasing an additional 127,274 shares during the period. 61.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Telsey Advisory Group reissued a “market perform” rating and issued a $16.75 price target on shares of Guess? in a research report on Thursday, August 28th. Small Cap Consu downgraded shares of Guess? from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 28th. Finally, UBS Group boosted their price target on shares of Guess? from $13.00 to $16.75 and gave the company a “neutral” rating in a research report on Thursday, August 28th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $16.75.

Guess? Stock Up 0.5%

Shares of NYSE:GES opened at $16.75 on Friday. The company has a quick ratio of 0.76, a current ratio of 1.52 and a debt-to-equity ratio of 1.10. The firm has a market cap of $872.34 million, a P/E ratio of 104.69 and a beta of 1.24. The company’s 50-day moving average price is $14.45 and its two-hundred day moving average price is $12.28. Guess?, Inc. has a 12 month low of $8.48 and a 12 month high of $20.33.

Guess? (NYSE:GES) last posted its quarterly earnings results on Wednesday, August 27th. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.10. The business had revenue of $772.94 million during the quarter, compared to the consensus estimate of $758.72 million. Guess? had a net margin of 1.01% and a return on equity of 16.44%. Guess?’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.42 earnings per share. As a group, research analysts forecast that Guess?, Inc. will post 1.92 EPS for the current fiscal year.

Guess? Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Wednesday, September 10th will be given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date is Wednesday, September 10th. Guess?’s dividend payout ratio (DPR) is currently 562.50%.

About Guess?

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.