Cubist Systematic Strategies LLC Invests $897,000 in Guess?, Inc. (NYSE:GES)

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

Other institutional investors have also modified their holdings of the company. Natixis boosted its stake in shares of Guess? by 743.5% during the fourth quarter. Natixis now owns 285,100 shares of the company's stock valued at $4,009,000 after purchasing an additional 251,300 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Guess? by 7.6% during the fourth quarter. Vanguard Group Inc. now owns 3,274,565 shares of the company's stock valued at $46,040,000 after purchasing an additional 231,926 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Guess? by 7.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,290,336 shares of the company's stock valued at $46,261,000 after purchasing an additional 228,601 shares in the last quarter. Tieton Capital Management LLC boosted its stake in shares of Guess? by 95.6% during the fourth quarter. Tieton Capital Management LLC now owns 463,726 shares of the company's stock valued at $6,520,000 after purchasing an additional 226,705 shares in the last quarter. Finally, Balyasny Asset Management L.P. bought a new position in shares of Guess? during the fourth quarter valued at approximately $2,720,000. 61.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities 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 price objective on shares of Guess? in a research note on Friday, April 4th.

Guess? Trading Down 0.3%

NYSE:GES opened at $12.11 on Thursday. Guess?, Inc. has a 52 week low of $8.48 and a 52 week high of $27.30. The firm has a 50 day moving average of $10.88 and a 200 day moving average of $13.10. The company has a quick ratio of 0.74, a current ratio of 1.54 and a debt-to-equity ratio of 1.18. The stock has a market capitalization of $627.76 million, a price-to-earnings ratio of 10.18 and a beta of 1.25.

Guess? (NYSE:GES - Get Free Report) last posted its 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. Guess? had a net margin of 3.19% and a return on equity of 23.29%. The company 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 company posted $2.01 earnings per share. Guess?'s revenue for the quarter was up 4.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Guess?, Inc. will post 1.92 earnings per share for the current fiscal year.

Guess? Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 2nd. Investors of record on Wednesday, April 16th were given 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 9.91%. Guess?'s payout ratio is 187.50%.

Guess? announced that its board has approved a share buyback plan on Tuesday, March 25th that permits the company to buyback $200.00 million in shares. This buyback authorization permits the company to reacquire up to 38.5% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's leadership believes its stock is undervalued.

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.

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