Carolina Wealth Advisors LLC Has $6.85 Million Stock Position in Guess?, Inc. $GES

Key Points

• Carolina Wealth Advisors LLC increased its stake in Guess?, Inc. by 7.5% during the 2nd quarter, now holding approximately $6.85 million in shares.
• Guess? reported a quarterly EPS of $0.26, surpassing expectations, with a revenue increase of 5.5% year-over-year to $772.94 million.
• The company declared a quarterly dividend of $0.225 per share, representing a high payout ratio of 562.50%.

Carolina Wealth Advisors LLC increased its holdings in Guess?, Inc. (NYSE:GES - Free Report) by 7.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 566,537 shares of the company's stock after acquiring an additional 39,492 shares during the quarter. Guess? comprises about 3.4% of Carolina Wealth Advisors LLC's investment portfolio, making the stock its 8th biggest holding. Carolina Wealth Advisors LLC owned about 1.09% of Guess? worth $6,849,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Pacific Ridge Capital Partners LLC bought a new position in shares of Guess? in the 1st quarter worth about $515,000. Aigen Investment Management LP bought a new position in shares of Guess? in the 1st quarter worth about $415,000. XTX Topco Ltd bought a new position in shares of Guess? in the 1st quarter worth about $1,042,000. Allianz Asset Management GmbH increased its stake in shares of Guess? by 38.4% in the 1st quarter. Allianz Asset Management GmbH now owns 644,308 shares of the company's stock worth $7,132,000 after acquiring an additional 178,848 shares in the last quarter. Finally, Algert Global LLC increased its stake in shares of Guess? by 40.3% in the 1st quarter. Algert Global LLC now owns 126,123 shares of the company's stock worth $1,396,000 after acquiring an additional 36,220 shares in the last quarter. 61.74% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

GES has been the subject of several recent analyst reports. UBS Group lifted their price target on Guess? from $13.00 to $16.75 and gave the stock a "neutral" rating in a research report on Thursday, August 28th. Small Cap Consu lowered Guess? from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 28th. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $16.75 price target on shares of Guess? in a research report on Thursday, August 28th. Finally, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Guess? in a research report on Saturday, September 27th. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $16.75.

Guess? Price Performance

NYSE GES opened at $16.85 on Friday. Guess?, Inc. has a one year low of $8.48 and a one year high of $19.96. The stock has a 50-day moving average of $15.61 and a 200 day moving average of $12.96. The company has a market capitalization of $877.29 million, a price-to-earnings ratio of 105.29 and a beta of 1.26. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.76 and a current ratio of 1.52.

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. Guess? had a return on equity of 16.44% and a net margin of 1.01%.The company had revenue of $772.94 million during the quarter, compared to the consensus estimate of $758.72 million. During the same period last year, the company earned $0.42 EPS. Guess?'s revenue for the quarter was up 5.5% on a year-over-year basis. On average, sell-side analysts forecast that Guess?, Inc. will post 1.92 EPS for the current year.

Guess? Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Wednesday, September 10th were paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date was Wednesday, September 10th. Guess?'s payout ratio is currently 562.50%.

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.

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