Charles Schwab Investment Management Inc. Trims Position in Guess?, Inc. $GES

Key Points

• Charles Schwab Investment Management Inc. reduced its stake in Guess?, Inc. by 53.8%, holding 638,493 shares after selling 744,684 during the first quarter.
• Guess? reported a quarterly earnings per share of ($0.44), surpassing analysts' expectations and showing a 9.4% rise in revenue year-over-year.
• The company announced a quarterly dividend of $0.30 per share, representing a 7.1% dividend yield.

Charles Schwab Investment Management Inc. trimmed its holdings in shares of Guess?, Inc. (NYSE:GES - Free Report) by 53.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 638,493 shares of the company's stock after selling 744,684 shares during the period. Charles Schwab Investment Management Inc. owned 1.23% of Guess? worth $7,068,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Comerica Bank increased its position in shares of Guess? by 6.2% during the fourth quarter. Comerica Bank now owns 31,906 shares of the company's stock worth $449,000 after purchasing an additional 1,852 shares in the last quarter. GAMMA Investing LLC increased its position in Guess? by 713.0% in the 1st quarter. GAMMA Investing LLC now owns 2,317 shares of the company's stock valued at $26,000 after acquiring an additional 2,032 shares during the period. Algert Global LLC increased its position in Guess? by 2.8% in the 4th quarter. Algert Global LLC now owns 89,903 shares of the company's stock valued at $1,264,000 after acquiring an additional 2,435 shares during the period. Parallel Advisors LLC increased its position in Guess? by 9,137.0% in the 1st quarter. Parallel Advisors LLC now owns 2,494 shares of the company's stock valued at $28,000 after acquiring an additional 2,467 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. increased its position 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 valued at $43,000 after acquiring an additional 3,258 shares during the period. Institutional investors and hedge funds own 61.74% of the company's stock.

Analysts Set New Price Targets

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

Guess? Price Performance

GES stock traded down $0.07 on Friday, reaching $16.83. The company had a trading volume of 980,060 shares, compared to its average volume of 1,500,554. Guess?, Inc. has a 1 year low of $8.48 and a 1 year high of $21.26. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.76 and a current ratio of 1.52. The company's fifty day moving average is $13.63 and its 200 day moving average is $11.99. The company has a market cap of $875.24 million, a P/E ratio of 105.16 and a beta of 1.24.

Guess? (NYSE:GES - Get Free Report) last posted its earnings results on Wednesday, August 27th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.10. Guess? had a return on equity of 16.86% and a net margin of 1.01%.The firm had revenue of $772.94 million for the quarter, compared to analyst estimates of $758.72 million. During the same quarter in the prior year, the company earned $0.42 EPS. Guess?'s revenue was up 5.5% on a year-over-year basis. On average, research analysts forecast that Guess?, Inc. will post 1.92 earnings per share for the current year.

Guess? Cuts Dividend

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

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.