GAMMA Investing LLC Has $2.84 Million Holdings in Guess?, Inc. (NYSE:GES)

GAMMA Investing LLC boosted its position in shares of Guess?, Inc. (NYSE:GES - Free Report) by 8,899.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,649 shares of the company's stock after acquiring an additional 25,364 shares during the period. GAMMA Investing LLC's holdings in Guess? were worth $2,840,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Guess? by 7.6% during the 4th quarter. Vanguard Group Inc. now owns 3,274,565 shares of the company's stock worth $46,040,000 after acquiring an additional 231,926 shares during the last quarter. Atlas Legacy Advisors LLC bought a new stake in Guess? during the 4th quarter worth approximately $2,191,000. Charles Schwab Investment Management Inc. grew its position in Guess? by 13.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,383,177 shares of the company's stock worth $19,447,000 after acquiring an additional 167,782 shares during the last quarter. Tieton Capital Management LLC grew its position in Guess? by 95.6% during the 4th quarter. Tieton Capital Management LLC now owns 463,726 shares of the company's stock worth $6,520,000 after acquiring an additional 226,705 shares during the last quarter. Finally, Guggenheim Capital LLC grew its position in Guess? by 123.8% during the 4th quarter. Guggenheim Capital LLC now owns 42,022 shares of the company's stock worth $591,000 after acquiring an additional 23,247 shares during the last quarter. 61.74% of the stock is currently owned by institutional investors.

Guess? Trading Up 5.9%

NYSE:GES traded up $0.68 during trading hours on Monday, hitting $12.14. 807,329 shares of the stock were exchanged, compared to its average volume of 1,203,505. The company's 50 day moving average is $11.11 and its two-hundred day moving average is $12.14. Guess?, Inc. has a twelve month low of $8.48 and a twelve month high of $24.64. The company has a quick ratio of 0.74, a current ratio of 1.54 and a debt-to-equity ratio of 1.18. The company has a market capitalization of $631.31 million, a P/E ratio of 10.20 and a beta of 1.20.

Guess? (NYSE:GES - Get Free Report) last posted its quarterly earnings results on Thursday, June 5th. The company reported ($0.44) earnings per share for the quarter, beating analysts' consensus estimates of ($0.70) by $0.26. The company had revenue of $647.80 million for the quarter, compared to the consensus estimate of $630.61 million. Guess? had a return on equity of 23.29% and a net margin of 3.19%. The firm's quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.27) EPS. On average, sell-side analysts anticipate that Guess?, Inc. will post 1.92 earnings per share for the current fiscal year.

Guess? Dividend Announcement

The business also recently declared 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 9.89%. The ex-dividend date is Wednesday, June 18th. Guess?'s dividend payout ratio (DPR) is currently -500.00%.

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

Analyst Upgrades and Downgrades

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

Guess? Company 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.