Allianz Asset Management GmbH Buys 178,848 Shares of Guess?, Inc. (NYSE:GES)

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

A number of other institutional investors have also added to or reduced their stakes in GES. Dimensional Fund Advisors LP boosted its stake 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 buying an additional 228,601 shares during the period. Vanguard Group Inc. boosted its position in Guess? by 7.6% in the fourth quarter. Vanguard Group Inc. now owns 3,274,565 shares of the company's stock valued at $46,040,000 after buying an additional 231,926 shares during the last quarter. Millennium Management LLC lifted its holdings in Guess? by 160.2% in the fourth quarter. Millennium Management LLC now owns 1,159,249 shares of the company's stock valued at $16,299,000 after acquiring an additional 713,666 shares during the period. BNP Paribas Financial Markets lifted its holdings in Guess? by 8.6% in the fourth quarter. BNP Paribas Financial Markets now owns 1,020,538 shares of the company's stock valued at $14,349,000 after acquiring an additional 80,944 shares during the period. Finally, Carolina Wealth Advisors LLC acquired a new position in shares of Guess? during the 1st quarter worth approximately $5,834,000. 61.74% of the stock is owned by hedge funds and other institutional investors.

Guess? Stock Down 1.6%

Shares of NYSE GES traded down $0.21 during midday trading on Thursday, hitting $12.76. 54,125 shares of the company's stock were exchanged, compared to its average volume of 1,211,545. 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?, Inc. has a twelve month low of $8.48 and a twelve month high of $24.33. The company has a market cap of $663.52 million, a PE ratio of -53.16 and a beta of 1.23. The firm's fifty day simple moving average is $12.24 and its 200-day simple moving average is $11.73.

Guess? (NYSE:GES - Get Free Report) last posted its quarterly earnings results on Thursday, June 5th. The company reported ($0.44) earnings per share for the quarter, beating 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 return on equity of 18.25% and a net margin of 0.47%. The company's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.27) earnings per share. Research analysts predict that Guess?, Inc. will post 1.92 EPS for the current fiscal year.

Guess? Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 18th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $1.20 annualized dividend and a yield of 9.41%. Guess?'s dividend payout ratio (DPR) is currently -500.00%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on GES shares. UBS Group increased their price objective 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 reiterated a "market perform" rating and set a $13.00 price target on shares of Guess? in a report on Monday, June 2nd.

Guess? 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.