Guess?, Inc. (NYSE:GES) Stock Position Lifted by Crestline Management LP

Crestline Management LP grew its position in shares of Guess?, Inc. (NYSE:GES - Free Report) by 187.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 99,262 shares of the company's stock after acquiring an additional 64,785 shares during the quarter. Crestline Management LP owned about 0.19% of Guess? worth $1,396,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the stock. Cubist Systematic Strategies LLC acquired a new stake in shares of Guess? in the fourth quarter valued at about $897,000. Bridgeway Capital Management LLC grew its stake in shares of Guess? by 2.7% in the fourth quarter. Bridgeway Capital Management LLC now owns 488,961 shares of the company's stock valued at $6,875,000 after buying an additional 12,795 shares in the last quarter. Brevan Howard Capital Management LP acquired a new stake in shares of Guess? in the fourth quarter valued at about $206,000. Balyasny Asset Management L.P. acquired a new stake in shares of Guess? in the fourth quarter valued at about $2,720,000. Finally, BNP Paribas Financial Markets grew its stake in shares of Guess? by 8.6% in the fourth quarter. BNP Paribas Financial Markets now owns 1,020,538 shares of the company's stock valued at $14,349,000 after buying an additional 80,944 shares in the last quarter. Institutional investors and hedge funds own 61.74% of the company's stock.

Guess? Stock Up 0.3%

GES traded up $0.04 on Friday, reaching $11.49. The company's stock had a trading volume of 331,451 shares, compared to its average volume of 1,242,971. The stock has a market cap of $595.62 million, a price-to-earnings ratio of 9.66 and a beta of 1.25. Guess?, Inc. has a 1 year low of $8.48 and a 1 year high of $27.41. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.54 and a quick ratio of 0.74. The business's 50 day moving average is $10.78 and its 200 day moving average is $13.15.

Guess? (NYSE:GES - Get Free Report) last issued 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 firm 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% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.01 earnings per share. As a group, research analysts forecast that Guess?, Inc. will post 1.92 EPS for the current fiscal year.

Guess? declared that its board has approved a share repurchase program on Tuesday, March 25th that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the company to buy up to 38.5% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

Guess? Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 2nd. Investors of record on Wednesday, April 16th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 10.44%. The ex-dividend date was Wednesday, April 16th. Guess?'s dividend payout ratio is currently 187.50%.

Analysts Set New Price Targets

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

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.