Cubist Systematic Strategies LLC Buys Shares of 63,797 Guess?, Inc. (NYSE:GES)

Cubist Systematic Strategies LLC acquired a new position in Guess?, Inc. (NYSE:GES - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 63,797 shares of the company's stock, valued at approximately $897,000. Cubist Systematic Strategies LLC owned approximately 0.12% of Guess? as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. EMC Capital Management raised its holdings in Guess? by 158.0% in the fourth quarter. EMC Capital Management now owns 9,908 shares of the company's stock valued at $139,000 after buying an additional 6,068 shares during the period. Freestone Grove Partners LP purchased a new position in Guess? in the fourth quarter valued at approximately $171,000. Jump Financial LLC purchased a new position in Guess? in the fourth quarter valued at approximately $191,000. Amundi raised its holdings in Guess? by 109.6% in the fourth quarter. Amundi now owns 14,291 shares of the company's stock valued at $193,000 after buying an additional 7,472 shares during the period. Finally, Brevan Howard Capital Management LP purchased a new position in Guess? in the fourth quarter valued at approximately $206,000. 61.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Guess? Price Performance

NYSE GES traded up $0.19 on Tuesday, reaching $11.89. The company's stock had a trading volume of 29,293 shares, compared to its average volume of 1,236,005. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.74 and a current ratio of 1.54. Guess?, Inc. has a twelve month low of $8.48 and a twelve month high of $26.55. The stock has a market cap of $616.09 million, a PE ratio of 9.99 and a beta of 1.25. The firm's 50 day moving average is $10.96 and its two-hundred day moving average is $12.93.

Guess? (NYSE:GES - Get Free Report) last posted its earnings results on Thursday, April 3rd. The company reported $1.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 period in the previous year, the company earned $2.01 earnings per share. The company's revenue was up 4.6% compared to the same quarter last year. As a group, sell-side analysts predict that Guess?, Inc. will post 1.92 EPS for the current year.

Guess? announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, March 25th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the company to buy up to 38.5% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's board of directors believes its stock is undervalued.

Guess? Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 2nd. Investors of record on Wednesday, April 16th were paid a dividend of $0.30 per share. The ex-dividend date was Wednesday, April 16th. This represents a $1.20 dividend on an annualized basis and a yield of 10.10%. Guess?'s payout ratio is 187.50%.

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.