Guess?, Inc. (NYSE:GES) Stake Increased by Allianz Asset Management GmbH

Key Points

• Allianz Asset Management GmbH has increased its stake in Guess?, Inc. by 38.4%, now owning approximately 1.24% of the company with holdings valued at $7.13 million.
• Guess? reported earnings of ($0.44) per share, exceeding estimates and showing a 9.4% year-over-year revenue growth with total revenue of $647.80 million for the last quarter.
• The company announced an annualized dividend yield of 8.73%, with a recently declared quarterly dividend of $0.30 per share, despite a highly negative payout ratio of -500.00%.

Allianz Asset Management GmbH grew its stake in shares of Guess?, Inc. (NYSE:GES - Free Report) by 38.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 644,308 shares of the company's stock after purchasing an additional 178,848 shares during the quarter. Allianz Asset Management GmbH owned approximately 1.24% of Guess? worth $7,132,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in GES. GAMMA Investing LLC grew its holdings in 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 buying an additional 2,032 shares in the last quarter. Parallel Advisors LLC grew its holdings in Guess? by 9,137.0% in the 1st quarter. Parallel Advisors LLC now owns 2,494 shares of the company's stock worth $28,000 after buying an additional 2,467 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings in Guess? by 507.5% in the 1st 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. CWM LLC boosted its stake in Guess? by 3,085.0% during the 1st quarter. CWM LLC now owns 4,236 shares of the company's stock valued at $47,000 after purchasing an additional 4,103 shares in the last quarter. Finally, Signaturefd LLC boosted its stake in Guess? by 3,479.6% during the 1st quarter. Signaturefd LLC now owns 6,837 shares of the company's stock valued at $76,000 after purchasing an additional 6,646 shares in the last quarter. 61.74% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. UBS Group increased their price target on Guess? from $11.00 to $12.00 and gave the company a "neutral" rating in a research note on Thursday, May 22nd. Telsey Advisory Group reaffirmed a "market perform" rating and set a $13.00 price target on shares of Guess? in a research note on Monday, June 2nd.

Guess? Price Performance

Shares of NYSE:GES traded down $0.11 on Wednesday, reaching $13.15. 224,520 shares of the company traded hands, compared to its average volume of 1,216,499. Guess?, Inc. has a fifty-two week low of $8.48 and a fifty-two week high of $24.33. The company's 50 day moving average is $12.21 and its 200-day moving average is $11.72. The stock has a market capitalization of $683.80 million, a PE ratio of -54.77 and a beta of 1.23. 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 announced its quarterly earnings data on Thursday, June 5th. The company reported ($0.44) EPS for the quarter, beating analysts' consensus estimates of ($0.70) by $0.26. Guess? had a return on equity of 18.25% and a net margin of 0.47%. The company had revenue of $647.80 million during the quarter, compared to the consensus estimate of $630.61 million. During the same quarter in the prior year, the firm earned ($0.27) EPS. The company's quarterly revenue was up 9.4% compared to the same quarter last year. As a group, analysts anticipate that Guess?, Inc. will post 1.92 earnings per share for the current fiscal year.

Guess? Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 18th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 9.13%. Guess?'s dividend payout ratio (DPR) is presently -500.00%.

About Guess?

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.