Guess?, Inc. $GES Shares Bought by Algert Global LLC

Key Points

• Algert Global LLC increased its stake in Guess?, Inc. by 40.3%, acquiring an additional 36,220 shares, bringing its total to 126,123 shares valued at approximately $1.4 million.
• Recent brokerages have raised their price targets for Guess?, with Telsey Advisory Group setting it at $16.75 and UBS at $13.00, maintaining a "market perform" and "neutral" rating, respectively.
• Guess? announced a quarterly dividend of $0.30, representing an annualized dividend yield of 7.1%, despite a significant payout ratio of -500%.

Algert Global LLC increased its holdings in Guess?, Inc. (NYSE:GES - Free Report) by 40.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 126,123 shares of the company's stock after acquiring an additional 36,220 shares during the quarter. Algert Global LLC owned approximately 0.24% of Guess? worth $1,396,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. GAMMA Investing LLC lifted its position in shares of Guess? by 713.0% in the 1st quarter. GAMMA Investing LLC now owns 2,317 shares of the company's stock worth $26,000 after purchasing an additional 2,032 shares during the period. Parallel Advisors LLC increased its holdings in Guess? by 9,137.0% during the first quarter. Parallel Advisors LLC now owns 2,494 shares of the company's stock valued at $28,000 after buying an additional 2,467 shares during the period. Whittier Trust Co. of Nevada Inc. raised its stake in Guess? by 507.5% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 3,900 shares of the company's stock worth $43,000 after buying an additional 3,258 shares in the last quarter. US Bancorp DE lifted its holdings in Guess? by 4,168.7% during the first quarter. US Bancorp DE now owns 4,226 shares of the company's stock worth $47,000 after buying an additional 4,127 shares during the period. Finally, CWM LLC lifted its holdings in Guess? by 3,085.0% during the first quarter. CWM LLC now owns 4,236 shares of the company's stock worth $47,000 after buying an additional 4,103 shares during the period. Hedge funds and other institutional investors own 61.74% of the company's stock.

Guess? Stock Performance

GES stock traded up $0.06 during trading on Thursday, reaching $16.90. The company had a trading volume of 579,367 shares, compared to its average volume of 1,245,415. The company has a market cap of $878.93 million, a price-to-earnings ratio of -70.41 and a beta of 1.24. Guess?, Inc. has a twelve month low of $8.48 and a twelve month high of $21.26. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.76 and a current ratio of 1.57. The firm has a 50-day simple moving average of $13.42 and a 200-day simple moving average of $11.93.

Guess? (NYSE:GES - Get Free Report) last posted its quarterly earnings results on Wednesday, August 27th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.16 by $0.10. Guess? had a net margin of 0.47% and a return on equity of 18.25%. The business had revenue of $772.94 million during the quarter, compared to analysts' expectations of $758.72 million. During the same quarter last year, the company posted $0.42 earnings per share. The business's quarterly revenue was up 5.5% on a year-over-year basis. As a group, sell-side analysts expect that Guess?, Inc. will post 1.92 earnings per share for the current year.

Guess? Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Wednesday, September 10th will be given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 5.3%. Guess?'s dividend payout ratio is currently -500.00%.

Wall Street Analyst Weigh In

GES has been the subject of several recent research reports. UBS Group boosted their price target on Guess? from $13.00 to $16.75 and gave the stock a "neutral" rating in a research report on Thursday. Telsey Advisory Group reiterated a "market perform" rating and issued a $16.75 target price on shares of Guess? in a research note on Thursday. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Guess? has an average rating of "Hold" and a consensus price target of $16.75.

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.