Guess?, Inc. $GES Shares Sold by Bridgeway Capital Management LLC

Key Points

• Bridgeway Capital Management LLC has reduced its holdings in Guess?, Inc. by 20.9%, now owning 386,754 shares valued at approximately $4.28 million.
• Several other hedge funds have significantly increased their positions in Guess?, with increases as high as 9,137% from firms like Parallel Advisors LLC.
• Guess? recently declared a quarterly dividend of $0.225 per share, which has a high dividend payout ratio of 750%.

Bridgeway Capital Management LLC decreased its stake in shares of Guess?, Inc. (NYSE:GES - Free Report) by 20.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 386,754 shares of the company's stock after selling 102,207 shares during the quarter. Bridgeway Capital Management LLC owned approximately 0.75% of Guess? worth $4,281,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Comerica Bank raised its holdings in shares of Guess? by 6.2% in 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 in the last quarter. GAMMA Investing LLC grew its stake in shares of Guess? by 713.0% during the first quarter. GAMMA Investing LLC now owns 2,317 shares of the company's stock worth $26,000 after purchasing an additional 2,032 shares in the last quarter. Algert Global LLC increased its holdings in Guess? by 2.8% in the fourth quarter. Algert Global LLC now owns 89,903 shares of the company's stock valued at $1,264,000 after buying an additional 2,435 shares during the last quarter. Parallel Advisors LLC increased its holdings in Guess? by 9,137.0% in 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 last quarter. Finally, 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 valued at $43,000 after buying an additional 3,258 shares in the last quarter. Institutional investors and hedge funds own 61.74% of the company's stock.

Guess? Stock Performance

Shares of NYSE GES traded up $0.09 during trading hours on Thursday, reaching $16.75. The stock had a trading volume of 564,368 shares, compared to its average volume of 1,561,233. The firm has a market cap of $872.34 million, a price-to-earnings ratio of 104.69 and a beta of 1.24. The company has a current ratio of 1.52, a quick ratio of 0.76 and a debt-to-equity ratio of 1.10. Guess?, Inc. has a fifty-two week low of $8.48 and a fifty-two week high of $20.33. The firm has a 50-day moving average of $14.45 and a 200-day moving average of $12.28.

Guess? (NYSE:GES - Get Free Report) last released its quarterly earnings results on Wednesday, August 27th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.16 by $0.10. Guess? had a return on equity of 16.44% and a net margin of 1.01%.The company had revenue of $772.94 million for the quarter, compared to analyst estimates of $758.72 million. During the same quarter in the previous year, the company posted $0.42 earnings per share. The firm's revenue was up 5.5% compared to the same quarter last year. Equities research analysts predict that Guess?, Inc. will post 1.92 earnings per share for the current year.

Guess? Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Wednesday, September 10th will be given a $0.225 dividend. The ex-dividend date is Wednesday, September 10th. This represents a $0.90 annualized dividend and a yield of 5.4%. Guess?'s dividend payout ratio is 562.50%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Telsey Advisory Group reaffirmed a "market perform" rating and set a $16.75 price objective on shares of Guess? in a research report on Thursday, August 28th. Small Cap Consu cut Guess? from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 28th. Finally, UBS Group increased their price target on shares of Guess? from $13.00 to $16.75 and gave the company a "neutral" rating in a research note on Thursday, August 28th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $16.75.

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.