XTX Topco Ltd Makes New Investment in Guess?, Inc. (NYSE:GES)

Key Points

• XTX Topco Ltd has purchased 94,170 shares of Guess?, Inc., valued at approximately $1,042,000, increasing its stake to 0.18% of the company.
• Despite the recent investment, Guess? stock has fallen 4.5%, currently trading at $12.42, with significant price volatility over the past year.
• Guess? reported better-than-expected earnings with a net revenue of $647.80 million and earnings per share of ($0.44), surpassing analyst estimates.

XTX Topco Ltd bought a new stake in Guess?, Inc. (NYSE:GES - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 94,170 shares of the company's stock, valued at approximately $1,042,000. XTX Topco Ltd owned approximately 0.18% of Guess? at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Comerica Bank grew its holdings in shares of Guess? by 6.2% during the 4th quarter. Comerica Bank now owns 31,906 shares of the company's stock valued at $449,000 after purchasing an additional 1,852 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Guess? by 713.0% during the 1st quarter. GAMMA Investing LLC now owns 2,317 shares of the company's stock valued at $26,000 after purchasing an additional 2,032 shares during the last quarter. Algert Global LLC grew its holdings in shares of Guess? by 2.8% during the 4th quarter. Algert Global LLC now owns 89,903 shares of the company's stock valued at $1,264,000 after purchasing an additional 2,435 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of Guess? by 9,137.0% during the 1st quarter. Parallel Advisors LLC now owns 2,494 shares of the company's stock valued at $28,000 after purchasing an additional 2,467 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Guess? by 507.5% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 3,900 shares of the company's stock valued at $43,000 after purchasing an additional 3,258 shares during the last quarter. 61.74% of the stock is currently owned by institutional investors and hedge funds.

Guess? Trading Up 5.3%

GES traded up $0.66 during trading on Monday, reaching $13.12. 473,653 shares of the company's stock were exchanged, compared to its average volume of 1,206,390. Guess?, Inc. has a one year low of $8.48 and a one year high of $22.88. The company has a current ratio of 1.57, a quick ratio of 0.76 and a debt-to-equity ratio of 1.08. The stock has a market capitalization of $682.20 million, a PE ratio of -54.64 and a beta of 1.24. The firm has a fifty day moving average price of $12.31 and a two-hundred day moving average price of $11.70.

Guess? (NYSE:GES - Get Free Report) last issued its quarterly earnings results on Thursday, June 5th. The company reported ($0.44) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.70) by $0.26. The firm had revenue of $647.80 million for the quarter, compared to the consensus estimate of $630.61 million. Guess? had a net margin of 0.47% and a return on equity of 18.25%. The company's revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.27) EPS. As a group, equities research analysts forecast that Guess?, Inc. will post 1.92 earnings per share for the current fiscal year.

Guess? Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 18th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 9.1%. The ex-dividend date was Wednesday, June 18th. Guess?'s payout ratio is presently -500.00%.

Analyst Ratings Changes

Several brokerages recently issued reports on GES. Telsey Advisory Group reaffirmed a "market perform" rating and set a $13.00 price target on shares of Guess? in a report on Monday, June 2nd. UBS Group boosted their target price on shares of Guess? from $11.00 to $12.00 and gave the stock a "neutral" rating in a report on Thursday, May 22nd.

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.