GAMMA Investing LLC Purchases 25,364 Shares of Guess?, Inc. (NYSE:GES)

GAMMA Investing LLC raised its position in Guess?, Inc. (NYSE:GES - Free Report) by 8,899.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,649 shares of the company's stock after acquiring an additional 25,364 shares during the quarter. GAMMA Investing LLC's holdings in Guess? were worth $2,840,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. California State Teachers Retirement System lifted its stake in 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 acquiring an additional 5,470 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Guess? in the fourth quarter valued at $1,243,000. PharVision Advisers LLC acquired a new stake in shares of Guess? during the 4th quarter worth about $197,000. Point72 Hong Kong Ltd acquired a new stake in shares of Guess? during the 4th quarter worth about $175,000. Finally, Occudo Quantitative Strategies LP acquired a new stake in shares of Guess? during the 4th quarter worth about $798,000. Institutional investors and hedge funds own 61.74% of the company's stock.

Guess? Stock Performance

Guess? stock traded down $0.44 during midday trading on Friday, hitting $11.45. The company's stock had a trading volume of 674,587 shares, compared to its average volume of 1,205,096. Guess?, Inc. has a 1-year low of $8.48 and a 1-year high of $24.64. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.54 and a quick ratio of 0.74. The company has a 50-day moving average price of $11.04 and a two-hundred day moving average price of $12.20. The company has a market cap of $595.27 million, a price-to-earnings ratio of 9.62 and a beta of 1.20.

Guess? (NYSE:GES - Get Free Report) last issued its quarterly earnings data on Thursday, June 5th. The company reported ($0.44) earnings per share for the quarter, topping the consensus estimate of ($0.70) by $0.26. Guess? had a net margin of 3.19% and a return on equity of 23.29%. The business had revenue of $647.80 million during the quarter, compared to analysts' expectations of $630.61 million. During the same quarter in the previous year, the company earned ($0.27) EPS. The business's revenue was up 9.4% on a year-over-year basis. As a group, sell-side analysts predict that Guess?, Inc. will post 1.92 earnings per share for the current year.

Guess? announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, March 25th that authorizes the company to buyback $200.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase up to 38.5% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's management believes its stock is undervalued.

Guess? Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 18th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 10.48%. The ex-dividend date is Wednesday, June 18th. Guess?'s dividend payout ratio is currently -500.00%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. UBS Group raised their target price on shares of Guess? from $11.00 to $12.00 and gave the stock a "neutral" rating in a research note on Thursday, May 22nd. Telsey Advisory Group restated a "market perform" rating and set a $13.00 target price on shares of Guess? in a research note on Monday, June 2nd.

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.