Carolina Wealth Advisors LLC Buys Shares of 527,045 Guess?, Inc. (NYSE:GES)

Carolina Wealth Advisors LLC bought a new stake in Guess?, Inc. (NYSE:GES - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 527,045 shares of the company's stock, valued at approximately $5,834,000. Guess? accounts for approximately 3.1% of Carolina Wealth Advisors LLC's holdings, making the stock its 11th biggest position. Carolina Wealth Advisors LLC owned about 1.02% of Guess? at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. GAMMA Investing LLC raised its stake in shares of Guess? by 713.0% in the first quarter. GAMMA Investing LLC now owns 2,317 shares of the company's stock valued at $26,000 after buying an additional 2,032 shares during the period. Parallel Advisors LLC raised its stake in shares of 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 period. California State Teachers Retirement System raised its stake in shares of Guess? by 23.4% in the fourth quarter. California State Teachers Retirement System now owns 28,835 shares of the company's stock valued at $405,000 after buying an additional 5,470 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Guess? in the fourth quarter valued at $1,243,000. Finally, PharVision Advisers LLC purchased a new position in shares of Guess? in the fourth quarter valued at $197,000. 61.74% of the stock is currently owned by institutional investors.

Guess? Price Performance

Shares of NYSE GES opened at $12.12 on Friday. The stock has a market cap of $630.69 million, a PE ratio of -50.51 and a beta of 1.20. Guess?, Inc. has a fifty-two week low of $8.48 and a fifty-two week high of $24.64. 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 stock has a fifty day moving average of $11.44 and a 200-day moving average of $11.91.

Guess? (NYSE:GES - Get Free Report) last announced its quarterly earnings results on Thursday, June 5th. The company reported ($0.44) earnings per share for the quarter, beating the consensus estimate of ($0.70) by $0.26. The company had revenue of $647.80 million during the quarter, compared to analysts' expectations of $630.61 million. Guess? had a return on equity of 18.25% and a net margin of 0.47%. The firm's quarterly revenue 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. Equities research analysts anticipate that Guess?, Inc. will post 1.92 earnings per share for the current year.

Guess? announced that its board has authorized a share repurchase plan on Tuesday, March 25th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the company to buy up to 38.5% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's management believes its stock is undervalued.

Guess? Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 18th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 9.90%. The ex-dividend date of this dividend is Wednesday, June 18th. Guess?'s dividend payout ratio (DPR) is presently -500.00%.

Wall Street Analyst Weigh In

GES has been the subject of several recent research reports. UBS Group lifted their price target on Guess? from $11.00 to $12.00 and gave the company a "neutral" rating in a research report on Thursday, May 22nd. Telsey Advisory Group reiterated a "market perform" rating and issued a $13.00 price target on shares of Guess? in a research 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.

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