Capital Fund Management S.A. Increases Holdings in Guess?, Inc. $GES

Key Points

• Capital Fund Management S.A. increased its stake in Guess?, Inc. by 69.0% during Q1, owning a total of 193,743 shares valued at approximately $2.145 million.
• Institutional investors currently own 61.74% of Guess?’s stock, with several firms showing significant increases in their holdings during the same period.
• The stock has a current price of $16.8450 and a recent dividend payment of $0.30 per share, yielding an annualized dividend of 7.1%.

Capital Fund Management S.A. lifted its stake in Guess?, Inc. (NYSE:GES - Free Report) by 69.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 193,743 shares of the company's stock after acquiring an additional 79,076 shares during the period. Capital Fund Management S.A. owned approximately 0.37% of Guess? worth $2,145,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Comerica Bank boosted its stake in Guess? by 6.2% in the 4th quarter. Comerica Bank now owns 31,906 shares of the company's stock worth $449,000 after purchasing an additional 1,852 shares during the period. GAMMA Investing LLC boosted its stake 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 purchasing an additional 2,032 shares during the period. Algert Global LLC boosted its stake in Guess? by 2.8% in the 4th quarter. Algert Global LLC now owns 89,903 shares of the company's stock worth $1,264,000 after purchasing an additional 2,435 shares during the period. Parallel Advisors LLC boosted its stake 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 purchasing an additional 2,467 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake 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 purchasing an additional 3,258 shares during the period. 61.74% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Guess? Trading Down 0.4%

Shares of GES traded down $0.07 during trading hours on Friday, hitting $16.83. The company had a trading volume of 675,002 shares, compared to its average volume of 1,246,259. The firm has a market cap of $875.19 million, a P/E ratio of 105.16 and a beta of 1.24. The stock's 50 day moving average price is $13.53 and its 200 day moving average price is $11.96. The company has a quick ratio of 0.76, a current ratio of 1.57 and a debt-to-equity ratio of 1.08. Guess?, Inc. has a 52-week low of $8.48 and a 52-week high of $21.26.

Guess? (NYSE:GES - Get Free Report) last released its quarterly earnings data on Wednesday, August 27th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.16 by $0.10. The firm had revenue of $772.94 million for the quarter, compared to the consensus estimate of $758.72 million. Guess? had a return on equity of 16.56% and a net margin of 1.01%.The company's quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.42 earnings per share. On average, research analysts predict that Guess?, Inc. will post 1.92 EPS for the current year.

Guess? Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Wednesday, September 10th will be issued a $0.225 dividend. The ex-dividend date is Wednesday, September 10th. This represents a $0.90 annualized dividend and a dividend yield of 5.3%. Guess?'s payout ratio is currently 750.00%.

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.