Aigen Investment Management LP Buys New Shares in Guess?, Inc. (NYSE:GES)

Key Points

• Aigen Investment Management LP has acquired a new position in Guess?, Inc. with 37,516 shares valued at approximately $415,000, representing about 0.07% ownership in the company.
• Guess? reported a net revenue of $647.80 million for the recent quarter, beating estimates and reflecting a 9.4% increase compared to the same period last year.
• The company declared a quarterly dividend of $0.30 per share, resulting in an annualized yield of 8.9%, despite a notable negative payout ratio of -500.00%.

Aigen Investment Management LP purchased a new position in Guess?, Inc. (NYSE:GES - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 37,516 shares of the company's stock, valued at approximately $415,000. Aigen Investment Management LP owned about 0.07% of Guess? as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Millennium Management LLC lifted its holdings in Guess? by 160.2% during the fourth quarter. Millennium Management LLC now owns 1,159,249 shares of the company's stock worth $16,299,000 after acquiring an additional 713,666 shares in the last quarter. Carolina Wealth Advisors LLC bought a new position in Guess? during the first quarter worth about $5,834,000. Natixis lifted its holdings in Guess? by 743.5% during the fourth quarter. Natixis now owns 285,100 shares of the company's stock worth $4,009,000 after acquiring an additional 251,300 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Guess? by 7.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,290,336 shares of the company's stock worth $46,261,000 after acquiring an additional 228,601 shares in the last quarter. Finally, Balyasny Asset Management L.P. bought a new position in Guess? during the fourth quarter worth about $2,720,000. 61.74% of the stock is currently owned by institutional investors.

Guess? Stock Down 1.2%

Shares of GES traded down $0.16 during midday trading on Friday, hitting $13.21. The stock had a trading volume of 292,237 shares, compared to its average volume of 531,041. The company has a 50 day simple moving average of $12.78 and a two-hundred day simple moving average of $11.73. Guess?, Inc. has a twelve month low of $8.48 and a twelve month high of $22.87. The firm has a market cap of $687.14 million, a price-to-earnings ratio of -55.04 and a beta of 1.24. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.57 and a quick ratio of 0.76.

Guess? (NYSE:GES - Get Free Report) last released its quarterly earnings results on Thursday, June 5th. The company reported ($0.44) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.70) by $0.26. Guess? had a return on equity of 18.25% and a net margin of 0.47%. The firm had revenue of $647.80 million for the quarter, compared to the consensus estimate of $630.61 million. During the same quarter last year, the business posted ($0.27) EPS. The company's revenue for the quarter was up 9.4% on a year-over-year basis. On average, analysts anticipate that Guess?, Inc. will post 1.92 EPS for the current year.

Guess? Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 18th were paid a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $1.20 annualized dividend and a dividend yield of 9.1%. Guess?'s dividend payout ratio (DPR) is currently -500.00%.

Wall Street Analysts Forecast Growth

GES has been the topic of several recent analyst reports. UBS Group lifted their target price on Guess? from $11.00 to $12.00 and gave the stock a "neutral" rating in a report on Thursday, May 22nd. Telsey Advisory Group reissued a "market perform" rating and issued a $13.00 price target on shares of Guess? in a research note on Monday, June 2nd.

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.